This Senior Care Cost Comparison Will Blow Your Mind
Posted on December 01, 2014
Updated 8/18/15 4:58pm | The
old cliché holds true— Alert1 says “there’s no place like home”. As we age, our
roots tend to settle in the houses that we inhabit. For elder seniors looking to
lead the rest of their lives in the homes and communities, you’ll have heard of
the term “aging in place”. Aging
in place is a care option many seniors should consider due to how low-cost it
is. If you're at risk for potential falls, our fall detection medical alert will
keep you on your feet. You can start aging in place, worry and risk-free,
with a senior medical alert system from
modern seniors are choosing to stay in the homes and communities where they
live. The creature comforts of home and the familiarity of it all became part
of your identity. You can never replace the feeling of your home. Granted, when
making the decision to age in place, seniors need to research medical
alert companies. With the
right technology, you can have certain safeguards in place to ensure
that you enjoy your golden years more fully. Our Command Center will
provide you and your loved ones reassurance that you will be well looked after
in the event of bumps and bends in the road on your life’s journey.
What Are the Costs of Moving to a Nursing Home?
We have evaluated long-term care within Nursing Homes
and assessed how
it compares to aging in place. Health Affairs discovered
that nursing home residents paid $5,243 per month on average (Health Affairs,
2010). For retirees and others dependents on Social Security, this fixed monthly
expense can threaten
low-income seniors and economic security if they
have to pay out of pocket. Elder seniors that own their homes have a variety of
other options that can provide the same amount of care while letting them receive care in their homes.
How Do Nursing Homes Compare to Aging in Place?
If you live in a senior nursing home,
the amount of money you pay will be divided between maintenance and necessities
for the entire community, as opposed to paying for just your individual care needs.
One-fifth of nursing home bills are paid primarily out of pocket,
according to a Market Survey of Long-Term Care Costs
(Metlife, 2012). The costs of the entire community at large can be a hefty sum
and if your budget is tight, a nursing home might not be the place for you.
Aging in place gives you more
financial freedom when compared to alternatives. You won’t be moving to a new location or need to store or
relocate any of your possessions. You get to stay in the home you love. With
all those cost savings seniors can travel to other parts of the
world, take a nice long vacation, or even spoil your well-behaved grandchildren!
What Are the Costs of Home Care?
Home care is available for seniors that decide it’s in their
best interest to remain in their homes but need additional care. According to a
Survey conducted by MetLife, it’s approximately $2,100 for a month’s worth of
home care (MetLife, 2012). That’s an annual estimated savings of over $37,400
as compared to living in a nursing home!
How Does Home Care Work With Aging in Place?
What if you want to age in place but need a helping hand? For
assistance with the activities of daily living while staying in your home, you
may consider home care. You may consider this route if you need a health aide
to assist with running tests and administering medicine or a homemaker that
will take care of household responsibilities. Home care is less expensive than
nursing homes, but it’s still a significant monthly expense.
In the interest of maintaining your independence, imagine that your
Home Care aide shows up to help you every other day to assist you with
household activities and care. Who’s available to help you when the aide leaves your
home? Because home care is limited to a brief period of time when you’ll
receive attention, you’ll want to keep a medical alert system at your side for
a consistent lifeline for help and support. Whenever you need immediate assistance
you can trigger your senior help button to receive the help you need in the
event of a crisis. Alert1 will make sure you can get help. We’ll ensure you’re
never alone as you age in place.
How Can Aging In Place Save You Money?
Having a medical alert system for seniors can provide immense
cost savings as indicated in the graph below.
You can see that that there is a
significant difference in cost between the different care options. Aging in
place saves you money. If you need more care, you can use Alert1’s medical
alert system in combination with home care services and still have an annual
savings of almost 60%. Aging in place with a
medical alert is an affordable solution that maximizes your dollar.
How Much Does a Medical Alert System Cost?
alert systems for seniors ensure that you’re prepared to
live independently and sustainably as you advance into your next stage of life.
With plans starting at $25.95 a month, as little as 87 cents per day, you’ll
get access to our Command Center around
the clock. Our trained operators will help you in the event of an emergency or
unexpected incident. With our medical alert system, you won’t have to
transition to a new community or unfamiliar environment. You can stay in your
home close to your friends and family.
A Decision That Hits Close to Home
When preparing yourself for the next stages in life, you
must consider the cost of maintaining your wellbeing. You can easily thrive at
home, the environment where you’re most comfortable, without breaking the bank.
Aging in place is an affordable way to live independently.
All the effort in selecting a long-term care provider, with
the constant rising costs of long-term care, makes the process far too
difficult and expensive. Additionally, you have to consider the emotional cost of leaving your community. Seniors who move from their homes often feel
disconnected and separated from their life-long relationships. According to an
AARP survey, it’s been found that 41% of seniors that choose to stay in their
homes do so in order to maintain their social connections with friends and
family. It’s important to keep your friends and family close. Aging in place
helps you stay connected to those you love.
can increase the quality of life in your golden years and ensure that you’re
not alone in the process. View our selection of senior medical
alerts system– you are sure to find a system that is right for you. We’ll
help you age in place securely and independently!
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