As we watch our parents age, we may notice that the current living arrangements are not the most ideal. Maybe downsizing is needed, or a different floor plan or a location closer to loved ones and caregivers. Assessing a senior’s capability to live independently is an important first step in determining the best living solution.
A geriatric functional assessment will inventory and rank a senior’s behaviors, illnesses, ability to communicate, dietary restrictions, ability to manage medications and ability to perform activities of daily living (ADLs). Typically, a physician performs this assessment and the results will dictate whether the senior qualifies for independent living or needs some type of structured assisted living.
If the assessment deems the senior a viable candidate for independent living, the next step is to do a financial assessment. Unless the individual qualifies for low-income or government housing, he or she is responsible for paying the rent. Medicaid, Medicare and long-term care insurance do not pay for any of the costs associated with independent living.
Low-Income Housing
The first type of independent living option is low-income housing. These are typically apartment style homes where the rent is below market rate. The rent is subsidized by the U.S. Department of Housing and Urban Development (HUD). To qualify, a senior must apply and meet all the financial and functional requirements. If approved, he or she will most likely be placed on a waitlist.
For those who do not meet the financial requirements of low-income housing, there are two other options available for senior independent living. One is a retirement community and the other is senior apartments.
Retirement Communities
Retirement communities are neighborhoods for older adults who want to live among their peers. Ages 55+ and 62+ are the most common minimum ages allowed in these age-restricted communities. The homes may be single family homes, condominiums or attached townhomes. Usually, grounds maintenance is provided. Each community has its own set of amenities such as a pool, tennis courts, golf course, clubhouse and security. These amenities are often reflected in the price to purchase or lease as well as the home owners’ association (HOA) dues.
Senior Apartments
The other option for senior independent living is senior apartments that typically range in level of care from independent to assisted living to memory care units. They usually offer residents the option to progress to different units as needed. These types of apartments are ideal for seniors looking for a maintenance free lifestyle. Services such as housekeeping, laundry and transportation are provided. Most of these apartment communities also offer a shared dining hall where the residents can dine together. Many social events are arranged as well offering residents the opportunity to live independently but enjoy a community of peers.
At Stouffer Legal, we understand these transitions can be difficult. Proper planning is key to success. For assistance in long-term care planning contact the compassionate elder law attorneys for a consultation. You can schedule an appointment by calling us at (443) 470-3599, emailing us at office@stoufferlegal.com, or register for an upcoming free webinar using the link below:
https://attendee.gotowebinar.com/register/4480536691178250000
https://attendee.gotowebinar.com/register/3261621399160673551
