This informative, brief article explores the pros and cons of an older adult moving into a community living situation vs aging at home. There are many factors to consider, and the decision is not "one size fits all". By reviewing the options and the care needs of the person who is aging, a thoughtful, safe and happy living situation is possible, especially when a move to a place like Kavod Senior Life (among others) may dispel some misgivings or concerns. See what YOU think - read on!
An excerpt from Scott Millers presentation, Florida Retirement Guide: Senior Living, Care Options, Family Choices & Future TrendsFrequently Asked Question: Are There Senior Living Communities in Florida That Have All Forms of Care in One Place?Yes, there are senior living communities that have all forms of care in one place. These communities exist on a very limited basis with a pricey model. Its called a CCRC. A CCRC is a continuing care retirement community, which means every level of care is available on one campus except the hospital. You have independent living, assisted living, memory care, and you have skilled nursing all in one environment. Those come in a lot of different shapes and sizes. Westminster Point Pleasant in Bradenton, Florida is an example. Westminster is a large not-for-profit that has CCRCs all over the state of Florida. Very well run model if thats something youre considering. Some of the disadvantages to a CCRC: most of them are buy-ins, which means you have to come up with a pretty good sum of money up front to be able to get in. Now Im going to give you a sticker shock. Those buy-ins can be anywhere from $100,000 to $1 million, and more. The good ones are the not-for-profits. Be leery of for-profit CCRCs. Because if they take that money up front, you want to be sure that that money is being well-invested. That money is there to create a profit pool, to maintain that property, to invest in that property, to reinvest in its residents, but many of the for-profit companies dont do it that way. So if youre ever looking for that environment, look at the not-for-profit first and then know that youre going to be paying some money up front. Now the advantage. If you went to a Westminster community, for example, it costs you maybe $100,000 to $175,000 up front. The communities are to the nines, theyre beautiful, and their care model is incredible. Whats really nice is the money you put up front can be a declining balance back to you or your estate, and it locks in amongst the people that you would pay for as long as you live. And, its much lower than most assisted living communities. So, you could pay $150,000 up front. Theyll take away 2% of that per month. So over the course of 4 years that money goes away. If you only stay 2, half of it comes back to you. You can pay more and theyll guarantee you a 90% rate back over time. The nice part is the cost of living there which they dont call rent, they call maintenance is somewhere between $3,000 and $4,000 dollars a month, all inclusive. You end up in a place where everything is covered. Try to compare the costs of living at home versus in an assisted living environment. Those figures are important when you understand the total costs that go into that particular community. Nobody really knows how much theyre actually paying at home unless they are very, very budget conscious. But, $3,000 a month to be in that environment is very inexpensive when you consider that its three meals a day, seven days a week, your utilities, all of your maintenance, all of the upkeep, anything you could imagine, and full care delivery as you age. And in these communities you can age in place, so if you have to go over to skilled nursing, you dont pay a dime. If you have to go into memory care, you dont pay a dime more. Florida CCRCs are a great option to consider if you are looking for all your senior care in one place.-Scott Miller, CEO of Florida Senior ConsultingDont wait for a crisis! Florida Senior Consulting is here to help you prepare for your retirement journey and find the best senior living communities in Florida, including CCRCs.Call us today at (800) 969-7176 or visit FloridaSeniorConsulting.com to start your journey. The choice should be yours.
Touring Checklist - Senior Living CommunitiesWhen touring senior living communities, here are some questions you may want to consider asking:What types of housing options do you offer for seniors? Some communities offer a continuum of care: independent living, assisted living and memory care.What amenities and services are included?What is the monthly cost and what does it cover?Are there any additional fees or charges that I should be aware of? Most communities charge a one-time community fee, and communities providing meals will charge a 2nd person fee for couples.What level of care and assistance is provided to residents?How do you handle emergencies and ensure residents' safety?Can you provide information about the staff-to-resident ratio and their qualifications? This would be a question for an assisted living, memory care or residential care home.What social and recreational activities are available for residents?Are pets allowed in the community? How much is the pet deposit? Can you provide me with a sample menu for meals and information about dietary options?Is there assigned parking or an additional charge for covered parking?How do you handle residents' transportation needs? Be sure to ask how far they can travel for doctors' appointments.What is the process for addressing complaints or concerns?Can you provide references from current of past residents and their families?What is the policy regarding visitors and overnight guests?Remember, these questions may vary depending on your specific needs and preferences, so feel free to adapt them to your situation. www.loriwilliams-seniorservices.com