Senior Living: What Are The Options & Costs?

Updated 8/13/15 10:36am | Alert1 helps senior caregivers and aging loved ones make the most out of every day.  As seniors age, they will need help with daily tasks. Helping seniors make appropriate decisions about their living arrangements is critical to staying healthy and safe. Evaluating your senior’s health is essential for caregivers to help loved ones live independently.

Growing Figures in Senior Care/Assisted Living

The aging population continues to grow. This also means the ratio of seniors who require care is also increasing. Senior living costs will begin to increase as well. 

  • 50% of seniors live with a spouse, 30% live alone, 7% live in multi-generational homes, 4% live in a nursing home and the remainder lives in “other” settings like senior communities.
  • 2/3 of the seniors over 65 will require long term home care
  • 19% of seniors 70-74 and 75% of seniors 90+ need help with a daily activities

At a Glance: Cost of Long-Term Care

If you need an added layer of protection while living independently, your first step should be considering a medical alert system for seniors. The long-term care route involves leaving your home, and moving into an unfamiliar environment. Long-term care is a big decision that can break the bank. Below we list the average cost of transitioning into a nursing home or assisted living facility:

 $42,600 is the average annual base rate for a residence in assisted living facilities.

  • $81,000 is the median annual rate of assisted living care in the US.
  • $60,840 is the annual cost of assisted living care in Des Moines, Iowa.
  • $82,800 is the annual cost of assisted living care in Tampa, Florida.

$122,400 is the annual cost of assisted living care in Manhattan, New York.

senior caregiver. alert1 medical alert systems

At a Glance: Cost of Home Help

You may be considering home help for assistance with your regular activities of daily living. Home care is considerably less than assisted living but it’s still a sizeable amount. Because home help is often a temporary solution that isn’t available 24/7, you’ll want a medical alert system for seniors to protect you. When your home care assistant is away, your fall detection medical alert can call for help in the event of a crisis. See the figures below to evaluate senior care and home help:

  • Homemaker Services: $18/hr provides “hands-off” care such as helping with cooking and errands.
  • Home Health Aide Services: $19/hr provides “hands-on” personal care but not medical care.

Adult Day Health Care: $60/hr provides social and other related support services in a protective, community-based setting. Alert systems are not free, even if they are affordable. Life Alert is the big brand in the industry, with a big brand price tag, so be sure to compare costs of Life Alert to our systems before you buy so you know what's out there.

scenic house. med alert

Before you consider leaving your home or bringing intrusive caretakers into your home, make sure you consider your options. Planning out your senior care options will ensure you effortlessly age in place. Alert1 wants you to be aware of the alternative care options available for seniors.  With the aging population ever increasing, the costs of long-term care and assisted home living are skyrocketing. Aging in place with Alert1 is an affordable way to live independently. A senior medical alert system will ensure you’re never alone in your golden years.