Options for living arrangements change throughout people's lives, and once they get older there are certain considerations to be made in terms of where and how people can live. Depending on how well people can live on their own determines if they will require any assistance with day to day tasks like moving around the home, taking medications and getting health care.
Retirement living opens up opportunities for seniors. They are no longer tied to a specific location because of a job. Also, their home may now be too large for them if all of their children are grown and have moved out. Retirement living provides the perfect chance to move to a new area, city or state or downsize to a smaller residence.
When planning for retirement living, there are two options: independent living and assisted living. For older adults who are in good health and don't have issues with mobility, independent living is a great option. They can live in their own homes or opt to live in a retirement community – a housing complex for seniors who can generally take care of themselves with provided activities and socialization.
For older adults who have conditions like Alzheimer's disease, dementia and other cognitive issues, medical complications or limited mobility, they might need to reside in an assisted living facility. These places provide supervision and assistance for those who can no longer be completely independent. Daily activities are planned, health care services are coordinated and residents are monitored to ensure health and safety. This may include administering medication and personal care services provided by a trained staff .
Does Medicare cover any benefits for retirement living?
Medicare does not generally cover the cost of an assisted living facility but it will help cover the costs associated with health care while people live in the facility. If people have conditions that receive treatment, services or equipment that's covered by Medicare, it still will be while in assisted living.
If people have limited income, Medicaid, the federal and state program that helps low income individuals and families with medical costs, may also help pay for some of the costs.
Some assisted living facilities might also offer options for funding, but most people have to pay for their cost of living out-of-pocket.