Aging-in-place retirement centres increasing in popularity

You’re never just young and then suddenly old. Aging is a gradual process moving at an imperceptible pace until one day you wonder when you stopped taking the stairs two at a time and why your parents are now using walkers to move around.

I’ve heard more than a few 40-year olds moan about keeping up with their younger peers. I moan right along with them. And I do so knowing this is just the first sign of our inevitable decline.

There are no clearly defined stages when it comes to aging. In terms of abilities and mental agility we are all individuals moving along at our own pace in the same general direction Just as our parents once trumpeted our achievements in crawling and walking at various months of age, we also hit aging marks at different times.

To that end, the New York Times reported recently on the trend of ‘all in one’ retirement facilities where a person can transition through the stages of aging, with varying levels of care, all while living in the same place.

Even though there are only about 2,000 such facilities in the U.S. today, they are popular with retirees who are still active and thriving. That’s because knowing they can stay put as they move into their infirm final years removes much of the unknown – and anxiety – from their future.

Apparently a major issue with such facilities are the complex contracts. Some ask for a deposit of up to million dollars while other can be had on a month-to-month basis. There are other hitches all of which would require some careful consideration.

The major drawback in evaluating continuing care communities is the complexity of their contracts, which come in a number of variations. Another issue is the lack of a national government rating system, thereby making side-by-side comparisons problematic.

Regardless, it’s an interesting trend and one I like in principle. Aging in place is the best way to manage care as we grow older and the trend towards facilities that allow one to stay in place is a very encouraging development.
To read the complete New York Times article, please click here.