If you have an older loved one residing in an assisted living community, you may know firsthand that low energy, health issues, and mobility limitations can keep them from being as socially active as they would like to be.
We love to celebrate senior living at HarborChase, and that is why we strongly believe it is important for your loved one to feel wanted, appreciated, and most importantly, healthy. Seniors often feel that conserving an active life mentally and physically can be laborious, so we take pleasure in showing them exciting, assisted living activities that are not only fun, but extremely beneficial to their health.
In certain scenarios, a senior’s growing need for assistance may be suddenly apparent, and other times, a need for assistance may be gradual and harder to detect. So, what is the best way to tell if your older parent needs assistance with maintenance or overall assisted living services?
The generation that survived World War II and the Great Depression definitely has some life wisdom that would be worth sharing. That is why they are referred to as the Greatest Generation, and rightfully so. We all could learn a lesson from them, about life, love, and money. We did just that, we sat down with some of our assisted living residents and asked them what financial advice they could give us after being faced with some of the most pressing economic times in American history.
At HarborChase, we strive to deliver unparalleled secure and reliable assisted living services to our seniors, however; the number of seniors being exploited continues rising as many other individuals and institutions continue to take advantage of them. “According to a True Link Report on Elder Financial Abuse 2015, prior efforts at quantifying the problem have severely underestimated how much seniors have lost. . . [their] estimate came in at more than $36 billion [annually].”
Topics: Assisted Living
At HarborChase we would love for you to be a part of one of our assisted living communities and we would love it even more if you did not have to worry about finances to live there. According to a Genworth’s Cost of Care Study the monthly average cost of assisted living in America is $3,628. This cost can vary greatly depending on which region you live in, community amenities, and individualized care needs. If you have relatively low care needs and a lifetime of savings you can pay for your cost of living out of pocket. If you have investment portfolios, you cash them out to cover costs, for example, IRAs. You can also turn to family to help share the burden of costs or share a room with a friend to split the costs. If you solely cannot afford private pay by itself, do not fret, you can combine it with other available resources.
Transitioning your loved one to assisted living can be intimidating, and that is why HarborChase is here to help you every step of the way. The first step to any major decision is to be sure to complete your research and decide what type of community is best for your loved one. We offer assisted living, memory care, and independent living options for every stage of the aging cycle. Once you decide which community is best for your loved one, you need to start the preparation for this new transition of life. Once you’ve found a community or two you’re considering for your loved one, consider the following tips to help make the transition as smooth as possible.