Your Retirement Lifestyle Options

1
Your Retirement Lifestyle Options
2
Types of Communities

• Continuing Care Retirement Communities (CCRCs)
• Independent Living
• Assisted Living
• Memory Care
• Skilled Nursing Center

3
Continuing Care Retirement Communities

• Provide a full range of residential and health
  care options, all within the same community
• Pay a one-time residency fee agreement entitling
  you to a continuum of life-time care
• Monthly service fee covers services and amenities
  including meals, housekeeping and security

4
Independent Living Communities

• Often resemble condominium or apartment
  communities
• Security and maintenance are handled by the
  community
• Housekeeping and other services may be available
• Community often arranges recreational and social
  events for residents
• Most do not offer medical care

5
Assisted Living

• Provide housing and services to seniors who need
  help with activities of daily living
• Residents receive different levels of care
  depending on their individual needs
• Residences vary from suites with kitchenettes to
  single rooms
• Most charge a monthly fee which can be
  all-inclusive or cover only services received

6
Memory Care

• Designed to accommodate residents with memory
  care needs
• Environment is secured to prevent wandering
• Activities are designed to help residents
  function at the highest level possible

7
Skilled Nursing Center

• Offers 24-hour care to people with serious
  medical conditions
• Some residents stay for the remainder of their
  lives while others spend only a short time,
  perhaps recuperating from a hospital stay
• Charges are usually calculated on a daily basis
  and vary depending on the services required

8
Funding

• Private Pay
• Can be used for all types of retirement living
• Long Term Care Insurance
• Policy coverage varies
• Medicaid for Nursing Care
• Only covers nursing care
• Medicare for Rehabilitation
• Covers some short term stays

9
Know Your Options

• Collect information about all the communities
  that interest you
• Collect brochures
• Search websites
• Schedule appointments for tours
• Sort through your personal needs
• Lifestyle
• Financial

10
Review and Compare

• Housing options and amenities
• Services, including housekeeping and meals
• Recreational activities
• Church services and/or pastoral care
• Fee structures
• On-site medical services
• Continuum of Care

11
Be Proactive

• This allows you to remain in control of your
  future
• Relieve the burden of making difficult decisions
  in a time of crisis
• Relieve children from the responsibility of
  making decisions for you
• Get on with your life knowing your retirement
  related decisions have already been made

12
Where to go for help

• Oklahoma Association of Homes and Services for
  the Aging [phone]
• American Association of Homes and Services for
  the Aging, 2519 Connecticut Ave. NW, Washington,
  D.C. 20008, www.AAHSA.org
• Epworth Villa, we can help send you in the right
  direction [phone]