An overwhelming majority of seniors say they want to remain independent as long as possible. But for many, remaining at home is actually a barrier to independence. A house can become a financial burden, a source of endless work, and even a barrier to socialization and learning—particularly if you no longer drive, or prefer not to drive at night.
Many families struggle with whether senior assisted living is the best option for their loved ones for a variety of reasons, not the least of which is cost. Adult children may realize the benefits of such a move but see the price and wonder if it’s truly worth the money. Often, they come across the “sticker value” of how much senior assisted living is and don’t quite understand what goes into the cost.
Baby Boomers have been changing the world since they first came into it. As this influential generation moves into retirement, they are once again proving that the status quo will not do. The senior living industry has been working for decades to prepare for these active residents, and now that the Boomers are moving into senior living communities, we are watching as those communities transform into neighborhoods focused on wellness, socialization, and lifestyle. The best part of being a resident in an active senior living community? All of it.
If you are talking about senior living options for yourself or an aging loved one, you may be wondering just how old do you have to be for senior living? After all, the term “old” means many different things to many different people, and the Boomers are showing younger generations that age is, indeed, only a number. You may be surprised to note that senior communities offer a lifestyle suitable for a wide variety of ages, from the mid-fifties and beyond.
According to theNational Alliance on Mental Illness, more than 6.5 million seniors in 2009 suffered from depression. The statistic may be eight years old but remains startling today because many people still don’t see clinical depression as a problem for aging parents.
If figuring out how to pay for senior living has kept you up at night, you’re not alone. Questions about the cost and affordability of senior living are usually among the first ones that seniors and their loved ones ask.
Moving into a senior living community is an exciting time, full of address changes and packing. Your move can also be stressful or even scary. Change and transition can certainly be difficult; while time and grace are usually the best prescription for new routines, you can also find comfort in your new home by making some new friends.
If your parent is in the process of moving into a senior living community, emotions are likely running high for you and for your parent. As you work with your parent to downsize their possessions and sell their home, you may feel like you are closing a major chapter in your family life. However, it is important to note that your parent is also embarking on a new and exciting chapter as they move into their new senior living community home.
More than eight million Americans have purchased long-term care insurance (LTCI) policies to ensure that future or unexpected care needs won’t drain their savings or burden their family members.
But many of those people are unsure exactly what that insurance covers when it comes to senior living. Every LTCI policy is different, so it’s important to understand exactly what is and isn’t covered under your policy from day one.