We went to visit an “Independent and Assisted Living” facility with my dad today.
The place is beautiful, and very expensive.
It works pretty much like an insurance policy. You pay for the housing and a monthly fee for services. In exchange, they will take care of you for the rest of your life. You stay in the Independent Living housing as long as you can. When you need assistance, you move to another building, if you need convalescent care, you move to another building. All cost is covered after you pay for the initial entrance fee and the monthly fee.
The longer you live, the more money they lose on you.
When I am old, and unable to enjoy living in mainstream society, I think I would like to be in one of those places. You are pampered, and you are around people your own age who have all the time in the world. No one else has time for you except other old people.
It’s a nice community and a good concept, if you can afford it.