Almost 90% of American seniors age 65 and better want to stay in their current homes and communities as they age, according to an AARP study. This concept is known as “aging in place,” a senior living option that offers the opportunity for older adults to remain in their homes for as long as possible.
There are numerous advantages to aging in place for seniors and their families. However, there are also some important factors to consider in this decision. What if your health situation changes and you need additional senior care services? Sure, you can purchase a long-term care insurance plan, but typically you won’t benefit from it at all until something happens. Plus, there may be limitations and restrictions to your coverage and the benefits you’ll receive.
Continuing care at home (CCaH) programs offer a strong option if you wish to age in place in your current residence, but also want to plan in advance for potential long-term care needs. One huge advantage of continuing care at home is that you can use it as an additional layer of stability on top of an existing policy, or as a stand-alone alternative to long-term care insurance. Keep reading for several reasons why many seniors choose to age in place with the support of a continuing care at home program.
There’s no place like home. This popular cliché captures how many seniors feel about the thought of leaving their homes and communities. Our homes are often a place of refuge for us, offering us familiarity and comfort. Not only do you know your home inside and out, you’ve spent years decorating it to your taste and arranging things exactly as you like.
Aging in place in your home also allows you to stay closer to friends and family and maintain the family ties and community connections you’ve already established. This is important because research has shown that seniors who experience social isolation and loneliness have a higher risk of developing Alzheimer’s disease or other forms of dementia.
Healthcare costs are expected to rise steadily over time, including the costs of long-term care. If you or your spouse experiences an unexpected change in your health condition, you can quickly deplete your savings with medical costs, along with everything you’ve worked so hard to build. Even if you have a long-term care insurance policy, you still may have to pay out-of-pocket for your healthcare until the elimination period ends.
None of us wants to burden our friends and family with managing our health and long-term care decisions. Even if you are aging in place in the comfort of your home, it is best to have a plan in place so that you can be prepared should anything change. As a Springpoint Choice member, you’ll receive your own personal care navigator, a senior advocate to help you and your family navigate though the maze of long-term care options.
Continuing care at home programs typically offer a full complement of services to support you throughout your lifetime. This means that should you ever require senior care services, your care navigator can help you get the services you need – from temporary care in your home to assisted living, memory care or skilled nursing and rehabilitation. This benefit offers peace of mind for you and your family for the future, with the comfort of knowing you’ll be well taken care of if anything changes.
For seniors who wish to age in place, Springpoint Choice is a perfect option. As a membership-based program, Springpoint Choice is similar to the concept of long-term care insurance. The difference, however, is that our program is affiliated with our vibrant continuing care retirement communities and offers a broad range of throughout your lifetime to help you maintain your independence and remain at home.
Springpoint Choice members enjoy access to our vibrant Springpoint senior living communities, including social activities, wellness programs and full use of our fitness centers and other amenities. With a history of excellence spanning more than 100 years, Springpoint Senior Living is a trusted leader in senior housing and continuing care. Get answers to about Springpoint Choice, or contact us today for more information.