The terms 401(k) and individual retirement account (IRA) are bandied about quite a bit when discussing retirement planning, b...Read more
What Are the Alternatives to Nursing Homes?
The reality is that it is sometimes impossible or too expensive for an elderly person in poor health to remain at home. Other seniors may simply wish to live with others rather than be isolated. Fortunately, over the last two decades there has been an explosion of supportive housing alternatives for seniors, and the options are no longer limited to an agonizing choice between staying at home or moving to a nursing home. If you (or a loved one) do not require round-the-clock skilled nursing care, one of these supportive housing alternatives may be just right.
Supportive housing options range from board and care homes to large institutional complexes. Supportive facilities provide food, shelter and personal assistance while encouraging independence and personal dignity. The services offered may include help with activities such as eating, dressing, preparing meals, shopping, as well as monitoring and other supervision.
The main alternatives are board and care facilities, assisted living facilities and continuing care retirement communities (CCRCs). But these broad categories encompass a huge range of options in terms of services and costs. Generally, the more you pay, the more services you get. There is a great disparity in quality as well, with facilities ranging from excellent to sub-standard. This means you need to research the options carefully before making a choice, and our articles on these three alternatives can help you in that process. But if you can find a high-quality facility, supportive housing can make a great deal of sense. It's reassuring to know that help is there to take care of tasks like cooking, cleaning and home maintenance.