Planning for retirement is about much more than a full bank account. Many do not realize the potential need for assisted living as they age. Older adults’ health and personal care needs change with age, leading to the need for assisted living programs. Preparing for the potential need can spare you and your loved ones the stress of rushed decision-making, should the time come.
What Is Assisted Living?
Before you decide to get assisted living services, it helps to know what to expect. Assisted living programs seek to foster safe independence while providing support for daily activities. These programs are designed for seniors who need assistance but do not require the 24/7 monitoring of traditional skilled nursing facilities.
Evaluate Your Needs
Multiple assisted living facilities exist, including those allowing seniors to own apartments or homes. Some assisted living programs offer specialized care for those with Alzheimer’s disease or dementia. Seniors and their loved ones must first evaluate the need for care. It helps to get a doctor’s input in the evaluation process.
Research the Assisted Living Options
Research is critical for helping families make wise decisions about senior care. Compare what each program offers to see which aligns with your specific assistance needs.
Evaluate the Costs
Assisted living programs vary in cost, and insurance providers do not always cover these services, though some do. Get an itemized list of the charges to make a wise decision that will not strain your retirement savings.
Develop a Financial Plan
After learning about the potential costs of assisted living programs, seniors need to evaluate their finances and develop a solid financial plan. Review your savings accounts, retirement accounts, investments, and insurance. Planning ahead can help prevent future economic woes.
Discuss the Options as a Family
It is not easy to decide to move to assisted living, but it is often the best choice for seniors who need daily assistance. Gathering your children and loved ones and bringing them into the discussion helps alleviate everyone’s concerns and ensures all are on the same page.
Choose the Right Program
After researching and discussing the options with the family, plan tours to the top choices to further narrow them down. Ask pertinent questions about the services, and talk to staff and residents. Pay careful attention to the environment and the happiness of the residents.
Begin Preparing Your Home
Downsizing to move into assisted living can overwhelm seniors and their families. Consider what items you will bring to your new home and what needs to be sold, given away to family and friends, or donated. Preparing your home in advance can help ease the transition.
Review All Legal Documents
Ensure all legal documents are current, including your will, power of attorney, and healthcare proxy. These legal documents help seniors manage their affairs and protect their wishes.
Preparing For Assisted Living Requires Careful Planning
Many seniors do not like change, which makes advanced preparation all the more important. Researching the options, financial planning, and family discussions can help ease your apprehensions about entering assisted living.
Assisted living programs are lively, stimulating, and protective for seniors of all ages and backgrounds. Even those who may not need assisted living now should consider planning proactively. Having a plan and not needing one is always preferable over the alternative.
