Assisted living versus memory care. This is not really a debate or a competition, but rather, two levels of senior living that many people do not understand the differences between. As a result, the two terms are often incorrectly interchanged. This is unfortunate, because seniors who require care in a senior living community need amenities, assistance, and a philosophy that corresponds to their situations. And amid the assisted living versus memory care “debate,” they often don’t receive what they truly need.
You, or your senior loved one, are ready to make the move to an assisted living community. However, there are many decisions to make before you slide the last of the marked boxes into her new home. Choosing an assisted living community can be stressful and frustrating, especially if you don’t know where to begin. Fortunately, we have compiled a few tips to get you moving in the right direction for you, your loved one, and your unique situation.
Assisted living offers the additional assistance, socialization, and peace of mind to seniors who need it. However, many assisted living communities offer even more health and wellness opportunities to their residents. From onsite doctor visits to health screenings, residents can take advantage of a variety of services only steps away from their apartment door. Therapy services are just one of these health amenities that assisted living residents can benefit from.
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.
Would you believe that for many seniors across the country, the cost of remaining home is on par with the cost of assisted living? It’s true, and an assisted living cost calculator can show you how by giving you an idea of the costs associated with assisted living.
The increasing cost of living is always among the top financial concerns that keep seniors up at night, so it can be tempting to evaluate assisted living by cost rather than by the value it offers. But there are unseen costs—emotional, physical, and financial—of choosing the cheapest senior living option instead of the option that meets individual needs both today and tomorrow.
Independent seniors looking to move into a retirement community may feel daunted in choosing someplace that is appealing, comfortable, and affordable. Often, these active seniors are more concerned with amenities and environment and less with care. After all, their move to a senior community is to facilitate and continue their full lives, not to take a giant step back.
So which factors should you consider when choosing a retirement community? There are several, but first, you must fully understand what independent senior living entails.
As few as 44 percent of Americans have a will, and just 68 percent of seniors older than 65 one have a will, a Gallup poll found. Whether it’s because of a lack of time, lack of money, or the belief that things will sort themselves out, the vast majority of older Americans have not taken all legal planning steps that are needed. In fact, many haven’t even completed the first step: gather important legal documents.
Organizing estate planning, medical, and financial legal documents is an easy way to ensure that you or your loved one’s wishes are honored, and that surviving family members won’t be left with hefty legal bills and disputes to untangle.
Forty-nine percent of seniors are concerned that they will outlive their savings, according to the United States of Aging Survey. An additional 64 percent worry that healthcare costs will increase over the next five to 10 years. Fully 40 percent of seniors have low or moderate incomes, and many live on meager savings or fixed Social Security payments. A recent Health Affairs report found that many middle income seniors will be unable to afford long-term care. With seniors living longer than ever — and desiring more meaningful and adventurous retirements than previous generations — these figures present a serious problem. What happens to seniors in senior living communities when their money runs out?