A Place for Mom Releases Annual Senior Living Cost Index
Summary
SEATTLE--(BUSINESS WIRE)--A Place for Mom, the largest senior-living referral service in North America, today released the findings from its 2018 National Senior Living Cost Index. “These findings are significant, especially when viewed in comparison to increases in healthcare costs, which were up approximately 5.3 percent from 2017 to 2018 according to Centers for Medicare & Medicaid Services National Health Expenditures fact sheet,” said Charlie Severn, vice president of brand marketing with APFM. “The growth of senior housing construction over the past few years has led to price stability for families seeking long-term care even in a competitive real estate market. This increased capacity has led to significant competition for residents, providing improved options for consumers, whether they’re at the low, middle or high-end of the market,” explains Sue Johansen, vice president of partner services with A Place for Mom. The Senior Living Cost Index is based on actual rent and care charges collected from referred family move-ins to A Place for Mom community partners.