The Practical Assisted Living Structure | In-Law Apartment Creates Alternative To Long-Term Care
Practical Assisted Living Structures (PALS) create a fantastic alternative to a complete home remodel or forced move into a Skilled Nursing Facility.
A fo
rced move into a skilled nursing facility can be devastating to a patient, their family and their pocket book. According to the recent numbers published in the 2011 Annual Met Life Market Survey of Long-term Care costs. The national Average for a Private Room in a licensed Skilled Nursing Facility rose from $229 per day to $239 creating an annual increase of $3,650 and a total annual cost of $87,235. In Connecticut, the average daily cost for a private room in a Skilled Nursing Facility rose to $394 per day or $143,810 which is among the highest rates in the Nation.
Connecticut Builder and entrepreneur Henry Racki of Rockfall Builders has come up with the ideal alternative to the rising costs of Long-Term care here in Connecticut with The Practical Assisted Living Structure. According to Racki, many of those in the Baby Boomer Generation found the premiums for long term care insurance policies to be too cost prohibitive and chose not to purchase them back when they had the chance. Now, people living in their 70's, 80's and 90's without a long term care policy are left with few good alternatives when it comes to funding Long-Term Care costs.
"Sure, Medicare will cover the first 90 days in a certified rehabilitation facility, but what
do you do from there? The main reason why people are forced to move into a Long Term Care Facility is usually because the home lacks a first floor bedroom or first floor full bathroom. If an elderly person with compromised function takes a fall or has a heart attack or stroke rendering them more disabled your kind of left in a real bind"...Most financial planners will say that what threatens the nest egg of our aging population most are forced and unexpected moves into Skilled Nursing facilities....
Most states have implemented look back periods of at least five years when it comes to transferring assets. If you have been remiss in performing estate planning tactics by legally moving assets out of your name, there is the chance that the state will claim those assets as their own to cover Skilled Nursing Long-Term Care costs.
Practical Assisted Living Structure (PALS), created by Henry Racki of Rockfall Builders are Pre-Fab built In-Law apartments that can be added onto a home or existing structure as an alternative to a complete home remodel or forced move into a Long-Term Care Facility. In Connecticut, with Long Term care costs among the highest in the Country, PALS are a fantastic alternative.
It's a Pre-Fab built In-Law apartment or Suite and we do all the leg work stated Racki. From meeting with town zoning and planning departments to planning out the smallest detail. "When these units are installed you have a complete, turn key In-Law apartment. Some come with either a Walk-In Tub or a "Barrier Free" Shower with plenty of room to maneuver. We strive to create a zero-step entry and minimize step ups to prevent falls and create a safe living situation... All at an affordable price point!
