When people move into their senior years, most would prefer to remain in their own homes rather than move to a nursing home or some other assisted living facility. It’s known as “aging in place” which is a term used to describe a person living in the residence of their choice, for as long as they are able, as they age. This includes being able to have any services (or other support) they might need over time as their needs change. It’s a great option if it’s feasible, but often there are obstacles which include assistance doing chores, dispensing medication, and other medical concerns. Financial details need to be reviewed and it’s important to make sure all the resources necessary for independent living will be available.
The government predicts the number of Americans 65 and over will nearly double over the next 20 years, so live-at-home options will have to be explored because the number of senior living facilities will not keep up with the demand.
Making a list is the best way to go about deciding if aging in place is the way to go for your particular situation:
- Prepare a budget – Every household expense from food to laundry needs to be included in a budget that must balance before considering an aging in place arrangement.
- Size and layout of the home – The home has to be equipped with any special modifications for wheelchairs or any other extra hardware or equipment.
- Transportation – Will there be public transportation or a car available? Fortunately Uber has worked for many people who don’t drive.
- Home Health Care – Our industry will grow substantially and there will be a corresponding need for more home health care professionals. Fortunately we have been able to attract enough qualified people, and we hope it continues into the future.
Obviously if you are faced with these types of decisions you’ll have questions, and that’s why we encourage you to call us. We’ll be happy to answer strategic and financial related inquiries with no obligation. We’re available at 561-210-9096
Recent Comments