Retirement Communities v. Assisted Living/Nursing Homes
It is not uncommon for people to misunderstand the differences between a retirement community and an assisted living community or nursing home. Here are the major differences between them:
Age Restriction: Minimum age of 55 or 62
Health & Mobility Restriction: Must be able to live independently with little to no assistance
Property Type: Ownership with monthly fees or rental
Size of Residence: Studio apartments to large 2+ bedrooms with den in detached home, with full kitchens
Services & Amenities: Geared to an active leisure lifestyle such as pool, tennis courts, golf course
Additional Assistance: None provided by the community. Residents may hire a service on their own
Allows Aging in Place: In most cases, no. However, Continuing Care Retirement Communities (CCRCs) allow aging in place
Assisted Living/Memory Care/Nursing Homes
Age Restriction: No age minimum
Health & Mobility Restriction: Cannot live independently
Property Type: Rental only with monthly fees depending on level of assistance
Size of Residence: Private room, private suites, shared suites, studios to 2-bedroom apartments with kitchenette
Amenities: Focused on more residential/interior facilities such as library, movie theater, living rooms
Additional Assistance: Care is provided by the community
Allows Aging in Place: Many assisted living facilities allow for aging in place if they have skilled nursing within their community or if they are able to provide/coordinate hospice services
What to Consider When Evaluating a CCRC
Choosing to sign a Life Care contract and move into a Continuing Care Retirement Community is an enormous decision that will impact the quality and security of your life in retirement. Since it is generally something people only ever do once in their lives, most know nothing about the evaluation process at its outset. To help you navigate your decision-making and give you greater confidence you have...
What is “Aging in Place”?
“Aging in place” is a term used to describe a person’s ability to remain in their home or community of choice for as long as possible, even as their needs for assistance and health care grow and change with age....