Contemplating a move from your own home to an assisted living community involves significant consideration. The transition often means dealing with emotional issues and facing unknowns. Making an informed decision becomes even more difficult when you have misinformation.
By 2020, the national average cost for a private room in a nursing home is projected to be approximately $9,000 per month. At that rate, an extended stay in a long-term care facility could drain a person’s savings in a hurry. There are insurance products that help pay long-term care costs. But premiums can be expensive, and the policies often limit the types of care covered.
In the early 1990s, Bill and Julie Thomas began developing a new approach to elder care. Their cutting-edge method, now known as The Eden Alternative, gave nursing home residents greater privacy, independence, and control over their lives. With the goal to improve the wellbeing of older adults, The Eden Alternative aims to eliminate what Bill Thomas calls the “three plagues” commonly found in senior living facilities: loneliness, helplessness, and boredom.
Providing care for an aging family member is almost always a difficult task. The challenge is often intensified when you must be a long-distance caregiver.
Are residents of assisted living facilities forced to leave their homes when they run out of money? Are a facility’s policy decisions based on bottom-line financial results or what’s best for the residents? Answers to those questions could depend on whether the assisted living community is a for-profit or nonprofit organization.