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The Real Cost of Long-Term Care

By Nikhil Hutheesing - 2012-11-26T15:38:10Z

Photograph by Manfred Rutz/Getty Images

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Aging Americans often have to uproot themselves to live in an assisted living facility and possibly a nursing home. The concept of a village is to let people stay in their own homes and become connected to others through a membership organization. Richard Bergman, who co-founded Community Without Walls in Princeton, New Jersey, with his wife Vicky, says the biggest need for the elderly is social support. Village members have access to volunteers or paid professionals for rides to the doctor, shopping and the like. In addition to Boston's Beacon Hill Village, which has become a model for village development, hundreds of others have been created around the country. Rates range from $30 a year for volunteer-led villages to $1,200 for those with paid staff.

$600: Average annual membership fees per household (for an individual, the average is $450) -- Village to Village Network