Assisted living is considered by many to be the "best of both worlds.” Residents enjoy as much independence as they want, secure in the knowledge that personal care and support services are available if and when they need them.
Assisted living facilities are designed for seniors who want to preserve their independence at the highest level, yet who require assistance with personal care and common day-to-day activities. In essence these types of senior communities can be described as a step between independent living and nursing facilities.
When our loved ones’ independence is encroached upon, it’s painful for us to see and for our loved ones to contend with. Collectively, we do the best we can to preserve independence as best we can. Giving up independence, even a modicum of it, can feel very threatening. Difficulty admitting we need help is equally challenging. Paying attention to our loved ones is paramount – knowing when assistance is required with medication, hygiene, getting dressed and other things, we need to pay attention to and consider viable housing options.
Assisted living facilities' strive to promote as much self-reliance as our loved one is capable of. Most offer around the clock assistance and a wide range of support services, including more personal privacy, living space.
Approximately 33,000 assisted living facilities currently operate in the United States. The total number of residents living in any given facility can range from just a few to 300+. However, the most common number is between 25 and 120 residents.
The primary attribute of an assisted living facility is that residents' daily interaction with the facility's staff. Professional medical care might be limited, but there are financial services that might be of assistance.
Assisted living services are regulated at the individual state level. For that reason, each state has unique policies that regulate and define the types of care and services that are required in order for an assisted living facility to meet the state standards.
Private funds are normally required to pay for assisted living services. However, a few exceptions may be found. Some long-term care insurance policies may pay, in part, for licensed assisted living. Examine the individual's insurance policy to find out if it provides any coverage. Also, in a few states, Medicaid funds and waivers may be available to help pay for assisted living.
A recent study by Prudential Insurance reported that the average cost for residents in an assisted living facility is now more than $100 per day, or $3,241 per month.
By the year 2030, nearly 20 percent of the U.S. population (over 71 million people) will be aged 65 and older. Of course, as the population ages, the need for elder care is expected to increase correspondingly. As may be expected, recent studies show that the cost of long-term care throughout the U.S. will continue to increase significantly.
Please note, there are plenty of resources available to help defer the cost of an assisted living facility - browse our resources to learn more.