No one wants to grow old or wants to be weak and needs the care of those around them. But, aging and illness are inevitable. And the overall picture of the world is moving into an aging society. The elderly care business and homes for the elderly are therefore businesses that have increasing demands. Because the children in the family will find it difficult to take care of the elderly by themselves because of both their job duties and skills in caring for the elderly who need a professional to help instead. When it’s time to make a change in your older adult’s living situation, choosing from the available senior housing options might feel overwhelming. Options range from aging in place at home to full-time care in a nursing home. Looking at the basics helps you narrow the list to a couple of options to investigate further. That way, you won’t have an overwhelming number of places to consider. First, think about how much help your older adult needs each day. Next, think about what they’re able to afford. Then, use this overview of the 7 most common senior housing options to help you focus on the types of housing that will most likely suit their care needs and budget. We explain what each type of housing is, who would benefit from it, how it works, and the relative cost.

1.       Aging in place

When an older adult lives in their own home or with family. If your older adult is still relatively independent or can get the level of help, they need, staying at home may be a good option. In-home caregivers, cleaning, meal delivery, and other services can help with activities of daily living (ADLs). Simple home repairs or modifications can make homes safer, such as installing a wheelchair ramp, bathroom grab bars, or a medical alert system. The cost is relatively low to medium but can require more help from family and friends.

2.       Independent living

Designed for older adults looking to enjoy the benefits of a community while maintaining freedom, independent living offers basic services including dining options and regular housekeeping. Independent living comes in many forms, from subsidized senior housing to continuing care retirement communities. This can be a great introduction to senior housing as it provides the best of both worlds. they’re a little like mini-college campuses, where people of similar age live together in a community that provides opportunities for socialization. In general, the housing is more compact, easier to navigate, and includes help with outdoor maintenance. Cost can range from medium to high. Depending on location and services.

3. Residential Care Homes

Small facilities that offer personalized service to small groups of adults. They’re also known as adult family homes, board and care homes, or personal care homes. Good for someone who needs more individual, home-setting care. They provide lodging, meal services, and assistance with activities of daily living (ADLs). The cost is Medium. They can often be half the cost of nursing homes and, in some states, are more affordable than assisted living care.

4.       Assisted Living Community

An assisted living community typically consists of small apartments in a caring community. There’s a wide range of services across different care communities. Older adults can live somewhat independently but require some assistance. Some communities do offer higher levels of care. typical services include staff available 24 hours a day, meals, medication management, bathing, dressing, housekeeping, and transportation. Most facilities have a group dining area and common areas for social and recreational activities. Cost is high and costs vary according to the level of daily help required and the type of living space.

5.       Memory Care

This specialized senior housing option caters to a safe and secure environment for those suffering from illnesses such as dementia and Alzheimer’s. Offering around-the-clock care, residents receive the attention they need. The cost is high.

6.       Skilled Nursing

Skilled nursing homes are unique in that they provide 24-hour medical care. Staffed with in-house nurses, doctors, and other medical practitioners, skilled nursing facilities provide a high level of assistance for those with medical conditions. The cost is very high.

7.       Retirement Community

Get social and stay active at a traditional retirement community. With several styles of communities, from age-restricted active adult communities to leisure communities, there are options available for almost any senior. Retirement communities make up for their lack of in-home care with greater resident autonomy, superior amenities, and far-reaching social platforms. The cost is high. CCRCs are the most expensive of all long-term-care options. There’s a significant entrance fee as well as monthly fees that increase as higher levels of care are needed.

Although old age is a truth that no one escapes. But starting to take good care of ourselves at a young age will help us to have good health and help ourselves even at an older age to be the least burdensome to our children. When we enter old age and no income or income has decreased, but we still have expenses that must be paid monthly. When reaches the point where we must move into a nursing home, it will cost more money. So, saving money early and starting retirement planning as soon as possible will help make living in our old age more comfortable and with more options. Start investing today so that you can grow enough money for a comfortable retirement. Especially investing in mutual funds is less risky than investing in stocks because of a more diversified investment policy is an attractive option. Learn more at https://www.scb.co.th/en/personal-banking/investment/fund.html