Wednesday 14 October 2015

Is a Retirement Cheaper than Assisted Living?

There’s a rumor that’s been making the rounds for years – have you heard it? If you spend your retirement on a cruise ship, or as a permanent resident of the Holiday Inn, it’ll be cheaper and provide better service than your average senior living or assisted living facility. That’s what the rumors say, anyway. We’ve done some research of our own, looked at the hard numbers about assisted living costs, and here’s what we’ve found. Learn more.


A Cruise Ship Retirement
It’s important to note that not all types of senior housing are created equal. Life on a cruise ship might compare favorably to expensive dull nursing homes portrayed in popular media, but the reality is quite different, and in fact, luxury senior housing and retirement communities offer many of the same perks that a cruises ships do: entertainment, chances to socialize, and customized senior nutrition, to name just a few. And they aren’t as expensive as you might think.

Nursing homes and memory care, which provide skilled nursing on a 24-hour basis, are the pricier options. But for seniors who don’t need constant care, retirement communities and independent living are far less expensive – and yes, they generally cost less than a hotel or a cruise: sometimes as little as $1,500 a month.

Impractical Realities
The logistics of living permanently on a cruise ship seem more than a little impractical. First of all, you can’t bring more much more than a suit case worth of possessions on a cruise. You can forget about packing your favorite sitting chair or a painting. That issue aside, it’s not as if one could just move on to a cruise ship and live happily ever after. Passengers must disembark when the cruise ends, and make arrangements while the ship is at port.

 Keeping these temporary arrangements month after month would be more than burdensome.
Another consideration is that seniors who move to assisted living facilities and nursing homes require help with activities of daily living such as bathing, toileting, dressing, and grooming. Yes, you may be able to get breakfast in bed on a cruise ship or hotel, but the staff are is not prepared or able to help provide hands-on personal care.

Health Risks for Seniors on Cruise Ships
Furthermore, many seniors have a high-risk of falling because of mobility problems. A cruise ship certainly wouldn’t be the best living environment such a person, as even very large ships can list violently in bad weather.

Cost is not the only factor in making a decision about Retirement Pension Plan for seniors, particularly for those who might want to stay close to family and friends, or who might have care needs requiring skilled nursing. Cecil Adams, author of the newspaper column “The Straight Dope,” points out that “the elderly are going to have a lot more medical issues than cruise ships are set up to handle.” And while there is such a thing as a hotel doctor, they generally don’t live on-site, but rather make potentially costly house calls.
Not only that, hotel doctors and on-board medical personnel likely won’t include geriatric specialists. Cecil points out: “If an emergency arises that they’re not ready for and you can’t wait till the ship reaches the next port, your ambulance ride is almost certainly going to be an airlift, which can be expensive and logistically problematic.” In light of how drastic contagious illnesses can be in a confined environment like a cruise ship – an emergency might be more of likelihood than we care to consider.

Even if it’s not an emergency, health care concerns are still important. If you take another look at Joy Bricker’s story, you’ll note that she had to leave her hotel room once her health began to decline. And hotels and cruise ships aren’t equipped to deal with ongoing dementia care, nor do they offer increasing levels of care, as do facilities that specialize in housing seniors.


[Source: http://www.aplaceformom.com/blog/2013-2-2-cruise-ship-retirement-assisted-living/]

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