Texas has hundreds upon hundreds of retirement communities throughout the state. Some Active Adult Retirement Communities are actual neighborhoods designed for energetic seniors who are seeking maintenance-free living and are in a privileged position to fully enjoy life’s pleasures such as golf, swimming, or biking, and many other activities.
There are, also, Independent Living Retirement Communities which cater to self-sufficient seniors, and Assisted Living Retirement Communities that provide more of the personal needs of the residents who find themselves becoming less self-sufficient and relying more on assistance from others.
What Are The Different Types Of Retirement Communities?
It’s important to distinguish the difference between the various types of community options so you can better determine which type best suits your needs or the needs of someone you love. Here, we will give an overview of four types.
— Active Adult Communities: Spacious homes with community clubhouses and luxurious amenities cater to independent, financially secure adults 55 years and older.
— Independent Living: Residents of this type of community are healthy and self-sufficient and do not require intervention with their daily schedule or personal care. These robust individuals live in private residences, usually apartments or self-contained rooms and are in charge of meeting their own needs, and are free to come and go as they please. Their retirement experience is completely up to them!
— Assisted Living: If a senior is beginning to feel challenged with tackling everyday tasks such as bathing, eating, grooming or taking medications, trained caregivers in Assisted Living facilities are available 24/7 to provide help with day-to-day regimes. Even though these seniors require some intervention on a daily basis, they are still quite mobile and healthy and are usually free of serious medical conditions. These residents receive help in getting to and from outside activities, as well as receiving assistance with becoming settled in for the evening.
— Memory Care: These communities are much more secured environments due to the residents’ conditions of Alzheimer’s or dementia. Memory Care is considered a long-term option since members of this community would not be safe without constant attention. Two factors are of the utmost importance with Memory Care residents: Safety and quality of life. Community members live in a private or semi-private living area.
What Are The Costs Of Retirement Communities?
The costs of retirement living will vary according to the community involved as well as in which city the community resides. With that being said, let’s take a sample peek at what one could expect from an Assisted Living environment, in a variety of Texas cities, where the resident is utilizing a one-bedroom living unit:
— Austin: $45,250
— San Antonio: $41,500
— Killeen: $38,900
— Dallas: $36,000
— El Paso: $29,500
— Corpus Christi: $26,500
What Are The Payment Options?
There are a variety of means, by which, retirement costs can be addressed. Some individuals are fortunate to have generous retirement incomes which are ear-tagged for retirement care and housing costs.
Medicaid is a possibility if little or no personal income or savings exists. Keep in mind, however, that Medicaid may pay, depending on circumstances; it doesn’t mean it necessarily will pay, either partially or entirely.
If one was proactive, long before any retirement community was needed, and that person purchased Long-Term Care Insurance, then thinking ahead paid off! Long-Term Care Insurance will cover Assisted Living, Independent Living and Memory Care.
If a person has Medicare and no longer has insurance through employment, yet had purchased a product called Medigap from a private insurance company, then Medigap can help with retirement community expenses. Medigap can cover those gaps that Medicare doesn’t cover.
Choosing a retirement community is an important consideration. Having the right information can make that concern a little less confusing!
Karen Burgin recently retired from the teaching world and now spends her free time writing about Texas retirement homes.