Senior Living Considerations: Housing, Care, and Financial Aspects

Explore various aspects of senior living such as housing and care options, home care, assisted living, memory care, and associated costs. Evaluate your support system, proactive vs. reactive approaches, and assess your personality and lifestyle to plan ahead effectively. Utilize helpful resources for further research and decision-making.

• Senior living
• Housing options
• Care services
• Financial considerations
• Retirement planning

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Uploaded on Aug 01, 2024 | 0 Views

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1. Should I stay-Should I go? What s the trigger? When your living environment no longer meets your physical or emotional, social, financial or practical needs. Evaluate your Support System Reactive or Proactive ? What s your personality and what s your lifestyle? Plan ahead! Sr. Services Alexandria 2020 Senior Law Day 1

2. The Three Housing and Care Options Live in your own home with home care Live in a senior community Live with family Sr. Services Alexandria 2020 Senior Law Day 2

3. Home Care Home Care Options Private Duty Aides Agencies Sr. Services Alexandria 2020 Senior Law Day 3

4. Housing and Care Options Independent Living Communities/Senior Apartments/Condos Rental Use home care Amenities vary Continuing Care Retirement Communities (CCRCs) include several levels of care, many amenities Lifecare or Fee-for-Service contracts Sr. Services Alexandria 2020 Senior Law Day 4

5. Housing and Care Options Assisted Living Communities/Memory Care 24-hour care staff Skilled Nursing and Rehabilitation Short and long-term stays, a higher level of medical care. 5 Sr. Services Alexandria 2020 Senior Law Day

6. Senior Living Costs MONTHLY EST. NOTE $ 3,000 Independent Living Apt. for 1 person- 1 BR Excludes buy-in Amt. $ 9,000 Care Levels can fluctuate Assisted Living-Moderate Care Level $ $ 4,500 12,000 Higher rate/hr on wkends Home Care/8 hours day - 5 days a week Private rooms can be higher Skilled Nursing compare by including your monthly budget ? Your monthly household budget Always include your household budget when considering the financial picture. Sr. Services Alexandria 2020 Senior Law Day 6

7. Helpful Resources You may wish to research using the following websites: Guide to Retirement Living: https://www.retirementlivingsourcebook.com/ Nursing Home Compare https://www.medicare.gov/nursinghomecompare Virginia Dept of Social Services - Assisted Living https://www.dss.virginia.gov/facility/search Do not rely entirely on inspection records Sr. Services Alexandria 2020 Senior Law Day 7

8. Living with Family Discuss expectations Roles and boundaries Private spaces Home care & modifications Provide opportunities for peer socialization Sr. Services Alexandria 2020 Senior Law Day 8

9. How Does COVID affect your decision? Home Care can be a viable, safe option. Congregate living can be safe with strict precautions. Living with family can reduce isolation and exposure. Sr. Services Alexandria 2020 Senior Law Day 9

10. Whats Your Plan? Caring Considerations provides consulting services for: Aging Life Care Planning Senior Housing Search ~ Caregiver Coaching RN Care Management 24/7 Debbie Aggen, RN, CMC, CDP and Heidi Garvis, CMC, CDCS 571-488-9396 Sr. Services Alexandria 2020 Senior Law Day 10