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For the elderly who have just begun to have some health and medical problems and need to take care of, the pure Home Care (home care service) may not be able to meet the needs of their family members, but the health of the elderly does not require Nursing Home (Private nursing home) Professional medical care services.At this time, Assisted Living (assisted living) institutions are a common pension solution.
Assisted living (assisted living) is a residential unit or community that provides daily auxiliary services (such as cleaning, laundry, transportation) for the elderly.The residents here live independently of each other, but there are full-time care workers in the community.
American Life Insurance Guide©️This "Retirement Guide for Chinese American Families: Assisted Living", will help the Chinese understand,Assisted Living, assisted livingWhat exactly is it, what services it provides, related fees and prices, and how to pay for it if you can.Finally, we also provide US statesAssisted LivingTop 5 ranking of overhead cost for your reference.
1. What is Assisted Living?
Assisted Living, called "assisted living" in Chinese, usually refers to some residential service organizations or communities that help the elderly live independently.
Elderly people living in assisted living communities need to receive daily personal care and (ADLs) assistance, such as bathing, dressing, toileting, etc., to achieve the purpose of independent living.
Different assisted living communities have different atmospheres and service quality. They usually provide the following basic services and various elderly care service items to create the feeling of "ageing at home" for the elderly.
Currently popular in China's Evergrande Health Valley Community Project, Taikang Elderly Community, andAmerican Life Insurance Guide©️The U.S. CCRC compound elderly care communities reported are all different types of "assisted living communities".
2. What services does Assisted Living provide?
Assisted Living, assisted living institutions or communities are mainly concentrated in the west coast of the United States, followed by the southern region.It is usually an "apartment" as the living unit, and some privately-run assisted living communities will provide Single Family House living units.
More than half of assisted living service organizations are chain brands, providing the following services to elderly residents:
- 24-hour security and assistance
- Community sports, health and wellness agenda items
- House cleaning and cleaning
- Daily and festive catering services
- Medication management and assistance in medication
- Personal Nursing Service
- Personal travel transportation service
3. Who lives in an assisted-living elderly care community?
According to data from the American Health Association, there are currently 28,900 assisted-living elderly communities in the United States, with nearly 100 million registered beds.On average, an assisted-life elderly community has 33 registered beds.
According to the data from NCAL (National Center for Assisted Living), there are currently more than 83 Americans living in assisted living institutions or communities.
Most community residents are 85 years old or over.
3. Prices and costs of Assisted Living communities
Due to the differences in brands and service quality, there is no uniform price for providing assisted living communities for the elderly.According to Genworth's national median price statistics,The price of an assisted living retirement apartment is $3,700 a month.
Top 5 states with the highest and lowest prices in assisted living communities
5. Several ways for American families to pay for Assisted Living
The elderly medical insurance program/Medicare does not include Assisted Living.In addition to paying at their own expense, most American families often use the following methods to pay for this part of the pension expenses:
- Federal subsidy white card/Medicaid: In most states, the federal government provides medical assistance to eligible poor seniors.For details, please visit the exemption clauses of the Medicaid program in your state to apply.
- Life Insurance/Annuity:Certain Hybrid life insurances will cover the inability to complete ADLs for daily life activities, and the claim money can be used to pay for the expenses of Assisted Living.Some life insurance with cash value andAnnuity insurance, You can withdraw money from your account to pay for expenses; for traditional life insurance, you can clear the policy and cash out in advance.
- Long-term care insurance:Long-term care insuranceThe contract will specify whether to cover assisted living expenses, insurance claims can be used to pay.It is more difficult to apply for long-term care insurance when you are older. Therefore, this payment option is only suitable for families who had such insurance policies before they needed Assisted Living.
- Veterans Aid and Attendance Benefit (A&A Benefit):A&A benefits are additional benefits in addition to veterans’ pensions. They are paid monthly to help veterans who are elderly or disabled to pay for such expenses as assisted living.To check whether your family meets the conditions for applying for A&A, please visitVeterans Welfare CenterInquire.
- Reverse housing loan:If you are planning to move out of your own home and live in an assisted living community, and you do not plan to sell your house immediately, you can consider a mortgage loan and take out a sum of cash. Retired people aged 62 and above can use the federally insured HECM project for reverse housing loans and use the asset value of the real estate to pay for this expense.
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