Baby boomers are seeking out communities with culture, activities and events and turning to college towns, urban environments and smaller towns with vibrant downtowns in lieu of continuing care retirement communities (“CCRC”) The research to date indicates that boomers desire to stay involved and participate in life during their retirement years. Consequently, CCRC’s should change their approach and what programs they offer to Boomers rather than the Depression Era and the GI generation. The boomer generation wants to live among other generations they don't necessarily want to be segregated. However, this country is not prepared to manage the existing generation…
Indeed, some 800,000 people already have made that choice. Continuing care residential facilities offer a wide range of options designed to evolve with your needs. Unfortunately, it is just this wide range of options that can make the process of choosing the best facility for yourself or a loved one all the more confusing, especially when it comes to determining costs. Smart Money recently ran an article on the Confusing Costs of Continuing Care, outlining some of the more vexing difficulties, and offering tips on how to research a facility before making a choice. Continuing care facilities can vary widely…
The following is an estimate of the costs of the varying types of senior care for your aging parents: Telephone Calls – Telephone home call "care" can cost approximately 40 per month, for safety checks, medication management, etc. Home Care – Depending if you hire an agency, approximate costs $20 per hour, $7,500 for 24/7 care; or a private individual approximately $10 per hour, although you have to pay taxes, insurance on top. Respite Care – Otherwise, known as Hospice, can be paid by Medicare. Visiting Nurses – If treatment prescribed by physician, may be covered by Medicare or Medicaid….
In addition, there will be new protections against elder abuse, neglect, and financial exploitation as well as free wellness visits under Medicare and incentives to providers to coordinate care – all taking effect in 2011.
This question was addressed on Workforce50, where the primary options: 1. Elder stays at home and enlist outside help i.e. a friend, relative, living companion, government, charitable, or a home care agency service to help the elder with their needs. 2. Move to an independent living facility, apartment or condo that does not require as much care, on one floor instead of two, or is handicapped-accessible. 3. Move in with you or some other relative or friend. 4. Enter an assisted living facility where people live as independently as they can for as long as they can, but where services…
With our thoughtful, realistic planning, caring for an elder does not have to be a financial or emotional nightmare. We, help you make the right choices for you and your loved one, you are not alone!
Frederick, MD 
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