Many seniors decide that a retirement community is exactly where they want to be. But the reality is that most seniors do not have the time or the money to live in retirement communities, so they need to leave. And they often choose not to, partly because they think that the benefits offered there are too good to turn down.
So when they move on, it’s an emotional and financial loss to everyone. But it’s important to know that it’s important for seniors to live in communities like this assisted living Plainview, NY community.
The OAG published a report that concluded: “The public benefits for senior citizens are such that in the best case scenario, every citizen in the community receives a monthly pension that averages between 20 and 30 percent of income, depending on their marital status. That benefit amounts to $15,000 to $20,000 per year for every senior citizen in the community. That is a sizable amount of money. A recent government survey revealed that one-third of families of senior citizens would not have been able to keep their home in the event of a major emergency or illness. That could mean their homes were lost, or could mean that the debt from mortgages and mortgage-backed securities would be too burdensome.”
Other factors that affect whether a senior citizen chooses a retirement community are his/her comfort level with the people in the community. Some senior citizens choose to live in a community that offers financial stability, others choose a community that offers them a more comfortable, stable environment. One important thing is whether the senior chooses to stay on the property or sell. The senior also has to have the financial wherewithal to stay in the community, since the home must be sold.
The OAG report also looked at the factors that affect whether seniors choose to live in assisted living facilities, home health care, nursing homes, or even funeral homes. It concluded: “To determine the pros and cons of each of these options, the OAG used several types of data on some of the most common long-term care options, the costs associated with each option, and survey results and recommendations from a research panel. The findings of the research panel indicate that most long-term care facilities tend to have some problems that affect quality of life for patients and their families. Fewer facilities are equipped with the amenities, patient services and community services that seniors and their families desire. Some home health care providers tend to emphasize longer-term care of only their most advanced patients, while others focus on lower cost, comprehensive long-term care. More financial resources are needed to help pay for the care of every patient and family member.”