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T R I N I T Y
O
out what additional fees are charged
A K S if a resident’s status changes from
S A L I S B U R Y , N C
independent living to assisted living,
determine whether there are extra
charges for additional hours of care
or other services, make sure you
know what happens to a patient’s
residence while he or she is in nurs-
ing care, and assess the fi nancial im-
plications for a patient’s spouse.
It’s also important to know
whether long term care insurance is
Right Time,
required should a resident need to
If you need “helper” services, move to assisted living. Figure out
Right Place, settling down in an assisted-living what the fi nancial consequences are,
Right Now!
community might be best for you. whether a resident needs home care
in an independent-living unit, and at
Considering a
what cost the facility provides it — if
retirement community…
fi nancial strategies, O’Brien suggests at all. Also take into account how
a cottage versus an
asking what the fi nancial implica- long the facility has been operational
apartment?
tions are if you leave or want to sell and what kind of fee increases they
the property and whether you are have had for each of their services.
Trinity Oaks has the perfect
going to be renting, buying, or leas- Other matters might take a little
answer…all the services and
amenities with cottages as
ing property. Will a seller receive all bit of sleuthing. For instance, only
well as apartments! With the
or only part of sales proceeds? Can an inside source can let you know
new expansion, Trinity Oaks
the community dictate such things if a community has a board with
has a lot to “crow” about.
as sale price and buyer eligibility? If decision-makers who might choose
Come visit and let us show
the resident dies, what are the im- to spend money on projects you
you. We think you will like
plications for his or her estate? consider extravagant.
what you see. Find out the exact amount of
Experience Salisbury,
the entrance fees and under what The economic downturn
a charming small college
circumstances the fees are refund- In June 2008, MetLife published
town with an “uptown” feel,
able. Ask to see a written account the results of a national poll that
and more than 250 years
of what the monthly fees cover, fi nd revealed 69 percent of pre-retirees
of history to enjoy.
Call 704.633.1002 or toll free
at 1.800.610.0783 Get More Help
for more information or
to schedule a visit.
Do you have more questions about whether an assisted-living, indepen-
dent-living, or continuing care retirement community is right for you?
Check out these three Web sites to help make your decision easier.
a73 Topretirements.com offers definitions, questions to ask, a chart of the
most tax-friendly states for retirees, a national directory of active-adult
communities, and other useful information.
a73 AARP’s Long-Term Care Cost Calculator is a state-specific average cost
728 Klumac Road
calculator for a nursing home or assisted-living facility. To learn more,
Salisbury, NC 28144
dhundley@trinityoaks.net
visit http://assets.aarp.org/external_sites/caregiving/options/your_options
_calculator.html.
a73 The Ohio State University Retirees Association Benefits Committee of-
fers the Continuing Care Retirement Community Evaluation Checklist at
http://hr.osu.edu/osura/contcare.pdf.
8 0 M I L I T A R Y O F F I C E R M A R C H 2 0 0 9 PHOTO: PAUL BARTON/CORBIS
MMar_Costs.indd 80ar_Costs.indd 80 22/9/09 7:12:37 PM/9/09 7:12:37 PM
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