The four types of retirement communities

Choosing the retirement homes and community is a big decision to take that can affect your loved ones, finances,health, as well as quality of life.

Basically the facilities of retirement homes and communities are for those who do not want to spend their old age alone and want to be with people of their own age and mentality at this age.

They can also choose to live here, if they do not have much revenue to spend a separate life and bear all those expenses.

Or there can be several other reasons too. There are basically four types of retirement communities and every one of them work differently at different costs.

So, dig in more to find them out:

Independent Living

Independent living is also known as senior apartments, where 55 plus age community live. This living facility is for older people who do not need any kind of assistance with daily activities or special medical care.

These communities consist of private apartments that usually have a kitchen and zone in different sizes ranging from a small studio apartment or the one with bedrooms.

The rent of these apartments can vary from around $1500 to $ 300 a month and according to several senior living sites, the rent of these apartments depends on the geographical area, amenities, and size of the apartment.

Other than that, some independent living communities also have the facilities of meals, utilities, scheduled transportation, doctor visits, and basic maintenance all included the monthly rent.

On the whole, the cost of this will be similar to what you might pay by living at home, but the good thing is that independent living offers a maintenance-free lifestyle which brings in more opportunities to socialize.

Assisted Living

In comparison to that, assisted life communities are basically for those people who do not need a higher level of care but they do need some assistance with their daily life activities.

This assistance might include things like bathing, getting dressed, medication reminders. This community is appropriate for people who are at an early stage of memory loss,

Alzheimer’s, or dementia and need extra care, help, security, and supervision.

The average rate for a private room, housekeeping, board etc in assisted living can be upto $4000 a month.

But the cost might vary completely depending on where and how you live. However, it is to remember that assisted living facilities do not have the basic regulatory standards as compared to nursing homes.

Nursing Homes

The nursing home facility is for those old aged people who need extensive care and who need to live near hospitals in case of any kind of emergencies.

Other than the basic health care, nursing homes also provide the basic help to carry out the everyday activities like dressing, eating, bathing, and getting around.

Some nursing homes are also set up in a way that the patient feels like he is living at home, while others feel more like living in a hospital.

The average annual cost of living in a nursing home can be upto $100000 depending on what kind of pirate room you live in.

But it isn’t always possible to get into a nursing home whenever you want to because of the long waiting lists. Some facilities are also only open for certain categories of patients and do not accept patients with all types.

Continuing Care

Continuing retirement care communities are there to provide older people with long-term homes for the rest of their lives. Residents who want to live here can stay as long as they are self-sufficient for themselves and do not need any extensive care.

After the time when they are not able to live on their own, they can shift to nursing homes or assisted homes.
The cost of continuing care facilities can vary from $3000 to $6000 a month and is is the most expensive category of retirement homes