Pricing
Oakwood pricing, all of it
One base rate, one of four care levels, one meal plan. Add them up and that is the month. No long lease. No buy-in.
The rate sheet
| Item | Cost |
|---|---|
| Private suite, base rate | $6,810 a month |
| Level of care I | $930 a month |
| Level of care II | $1,560 a month |
| Level of care III | $2,250 a month |
| Level of care IV | $2,850 a month |
| Meal plan, three meals and two snacks a day | $270 a month |
| Community fee | $1,000, once, non-refundable |
Figures come from the Oakwood “Rate Information” sheet. A second “care packages” rate sheet also exists in Canva. Ron to confirm which sheet is current, whether the $6,810 base applies to both assisted living and memory care, and rates for semi-private and one-bedroom options.
A month at Level I
- Base rate: $6,810
- Level of care I: $930
- Meal plan: $270
Total: $8,010
A month at Level IV
- Base rate: $6,810
- Level of care IV: $2,850
- Meal plan: $270
Total: $9,930
What is and is not in those numbers
Need from the community: the list of what the $6,810 base rate covers, and a plain description of each level of care. The rate sheet shows prices only, so nothing is listed here yet.
Known extras
- Salon services. The salon comes weekly and is billed separately.
- Guest meals, when family joins for lunch or dinner.
- Phone service. Residents set up and pay for their own phone.
Terms
- There is no long lease and no buy-in.
- Rates are reviewed once a year.
- The $1,000 community fee is paid once at move-in and is non-refundable.
Paying for it
Many families pay privately, from income, savings and often the sale of a home. Here are the other sources families ask about.
Elderly Waiver (Medical Assistance)
Does Oakwood accept Elderly Waiver or CADI? From which counties and health plans, and is a private-pay period required first? Nothing is stated on the site until ownership answers.
Elderly Waiver is Minnesota’s program that pays for care services, not room and board, for people 65 and older who qualify. The first step is a MnCHOICES assessment through your county or senior health plan. The free Senior LinkAge Line, 800-333-2433, will tell you who to call.
Long-term care insurance
If there is a policy, read it for two things: what triggers benefits, and how long the waiting period is. Then ask the insurer what they need from the community. Our guide covers how these policies work with assisted living.
VA Aid and Attendance
A monthly benefit for wartime veterans and surviving spouses who need daily help. The Waseca County Veterans Service Officer, or the officer in your own county, helps with the application for free.
Medicare
Medicare does not pay for assisted living or memory care. It continues to pay for medical care, therapy and hospice for people who live here.
Two documents worth asking for
Minnesota requires every licensed assisted living to hand you a Uniform Disclosure of Assisted Living Services and Amenities, which lists services and charges in a standard format. Ask us for ours, and ask for a blank contract to read at home. You can check any community’s survey results with the Minnesota Department of Health.
Ask about your situation
Send the type of care and your timing. We will tell you what is open and help you work out a realistic monthly number.
Or call 507-231-1515.