Aging isn’t cheap, especially when you factor in everything from healthcare to living arrangements. In particular, many families don’t think they can afford senior living communities.
As it turns out, however, aging in place comes with its own set of financial challenges — many of which are unknown and therefore left out of the planning process.
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A diagnosis of dementia or Alzheimer’s in an elderly loved one can feel overwhelming — and so can the prospect of moving them from their own home into a memory care community.
And it only becomes more difficult if your parent doesn’t want to move, whether because they don’t think they need to or simply don’t want to leave their home. You can’t just leave them where they are if they’re unable to care for themselves, but you also don’t want to force them into such a big decision.
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Of all the decisions you make with your parents, few carry more weight than the choice of elder care. The better you are at finding a safe and comfortable elder care solution for your parents, the easier it is for them to stay healthy and happy for the rest of their lives.
One big decision you’ll likely face is whether to move your parents into independent living, personal care or memory care or allow them to age in place. In making this decision, you and your parents need to consider all the pros and cons of aging in place:
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As you may have noticed, in preparation for Episcopal Retirement Services' Refresh Your Soul positive aging conference next month in Cincinnati, we've been focusing a lot of attention on ways that seniors can keep themselves healthy and boost their happiness.
Seniors aging in place can't always manage everything alone. Positive aging sometimes requires outside support from community-based services, aging experts, researchers and social safety net programs.
Today, let's take a moment to make you and your loved ones aware of some of the key healthy aging resources available to seniors and their family caregivers here in Louisville.
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