With more members of baby boomers generation aging and retiring, the need for senior living is growing quickly. 1.3 million American seniors are now living in nursing homes.
Living in such community not only saves the elder the troubles of property maintenance but also provide them with nutrition-balanced meals as well as professional medical care. To accommodate the needs and preferences of residents in different health conditions, senior living community normally offers independent livings, assisted livings and full-care nursing homes, providing the residents with a one-stop shop experience.
However the corresponding cost could be a heavy burden for those who did not planned the post-retirement life well. A regular unit is normally priced between $2,000 and $3,000 per month and could quickly add up to over $10,000 a month. In general, the average annual cost of nursing home private rooms is $83,000. 70% of people in nursing homes who rely on Medicaid People may want to begin looking for long term care insurance and senior living early on to secure a worry-free and enjoyable retirement life.
