COSTS OF ASSISTED LIVING
Four categories of cost are associated with assisted living: (1) room rent, (2) care fee, (3) a residency fee, (4) other charges.
Room rent typically covers the cost of the building and grounds, employee wages and benefits, dining services, equipment, utility costs, insurance, upkeep and maintenance. The room rent charge is generally a fixed amount, which is known well ahead of signing a contract.
At Academy Villas, our room rents cover many charges that other facilities may bill as “other charges” (see below). The amenities page describes services and amenities that are covered under room rent.
Care Fee is a variable charge depending upon the level of staff time and resources required to assist the resident in living well to the fullest extent of his or her capabilities. Thus, a guest is assessed for the exact level of care required after she or he has been residence for a week or two.
Academy Villas staff makes every effort to establish a reasonable and proper care fee. We use an industry-approved form to assess resident needs and establish care tiers. We share the completed form with the resident and/or family members, and it is signed by the properly designated party.
Residence Fee is a one-time charge associated with the initiation of care, such as health and medical evaluations, development of a care plan, setting up permanent records that are maintained during residency, and preparing the room for occupancy.
The residency fee at Academy Villas is not a money maker, but is based on a careful assessment of costs associated with a new resident moving in.
These can cover many things: a telephone, cable TV, transport to appointments, supplies for the room and resident, medical supplies, charges for special services, and so on. Unfortunately, many facilities add a percentage mark-up to these charges to cover the cost of purchasing, storing and distributing items.
Academy Villas makes every attempt to keep the “other charges” as low as possible. We include in the room rent what many other facilities bill as “other charges”. So there are no surprises when the bill comes. Moreover, we do not add a mark-up or surcharge to these other charges.