LTC vs. Assisted Living Beds: Assisted Living (Retirement Homes) are funded solely by the resident. Current costs range from $3,000 to over $5,000/month for a private room. They are not funded by the MOHLTC and are hospitality focused, not health care focused. LTC beds cost $1,600 (basic) – $2,200/month (private). All other costs are paid for by the MOHLTC.
LTC vs. Hospitals: For residents that require Health Care, a bed in the hospital costs the government >$1,000/day. The LTC beds cots the government $105/day. Given the current demand on hospital care, LTC provides an essential platform in the care of our seniors in the upcoming years.