Retirement

The Benefits of Assisted Living

As many people age, they often feel isolated and lonely with their grown children tending to families and lives of their own, so geriatric depression is a real concern. This has led many elderly individuals to look into assisted living facilities. These facilities provide social and recreational opportunities for residents, as well as increased safety and quality of life. If you are considering moving yourself or a loved one into an assisted living facility, consider the following benefits of these facilities.

Assisted Living Enhances the Quality of Life

Every benefit of staying in an assisted living facility increases the patient’s quality of life. They will become more comfortable, healthy and social.

  • Safety. Perhaps the greatest benefit of assisted living facilities is the immediate safety that they provide. As seniors age, they may become physically weak, visually impaired or unsteady. A living facility provides the safety to help protect them from a serious injury. The staff will be able to assist them with walking and carrying out tasks. If there is an injury, they won’t be alone for very long before receiving help; in fact, these facilities are specifically designed to minimize the risk of accidents.
  • Social and Recreational Activities. According to Assisted Living Today, an assisted living information resource, another great benefit of assisted living facilities is the social and recreational activities that are provided. One of the sad truths of life is that growing old also means losing friends and family. This can create a secluded lifestyle; however, staying at an assisted living facility will enable elderly patients to spend time with others and enjoy new activities.
  • Health Care When It’s Needed. The exact qualifications and hours of the nursing staff will vary by facility; however, nurses will always be available. Patients staying in assisted living facilities will always receive the health care they need — when they need it. This may mean ensuring that their medication program is adhered to or that regular doctor visits are coordinated. The on-hand medical staff will also be helpful in the case of a health emergency, being able to provide immediate care and transportation to a hospital.

How Can I Afford the Stay?

Long-term care at an assisted living facility can be expensive. Depending on the facility and type of care required, Forbes states that it can cost $40,000 to $90,000 per year to stay in these facilities. Fortunately, a type of insurance is available that provides coverage in the event an extended stay becomes necessary: long-term care insurance. A long-term care insurance plan will help cover the cost of staying at any type of assisted living facility.

According to the Wall Street Journal, 70 percent of individuals who reach age 65 will require some form of long-term care. Having a long-term care insurance plan guarantees that you receive the coverage you need when you need it. If you need to stay at an assisted living facility without long-term care insurance, you may end up not going for lack of funds or for fear of draining your retirement account. Your children may be unable to pay the cost and you’ll remain living on your own, even though a facility is a better option for you. Long-term care insurance eliminates this problem and will enable you to check in immediately.

You may currently have an elderly relative who would benefit from staying at an assisted living facility. You may also recognize that you are aging and may require an assisted living facility in your future. Long-term care insurance is a great way to afford the cost of assisted living so that you and your loved ones can enjoy a high quality of life. The many benefits of assisted living facilities make the cost of the insurance premium a worthwhile expense.

About the Author: Charles Wilhelm is a contributing writer and a patient at an assisted living facility. Although he was hesitant to stay at the facility at first, Charles has enjoyed an ever-increasing quality of life thanks to his LTC Tree Long-Term Care Insurance plan.

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Comments (3)

  • Although I may end up there eventually, I plan to stay at home as long as I can. My wife and I bought long term care insurance (LTC) about 5 years ago. I would rather have a live in companion/CNA or such to help me or my wife as we age. The LTC insurance will pay for assistance too.

    Reply
  • Great article, something that you don’t think about when you’re young but should definitely consider.

    Reply
    • What happens if I die and never use the Long Term Care policy?

      Reply

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