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How Do I Transition My Loved One From Independent Living to Assisted Living?

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How Do I Transition My Loved One From Independent Living to Assisted Living?

MORNINGSTAR SENIOR LIVING | August 15
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Assisted Living, Independent Living, Lifestyle, Rooted Blog, Senior Care, Senior Health, Senior Living |
People age in their own way and at their own pace. Where one senior might be taking brisk morning walks and capably managing their own affairs into their 90s, another might start having trouble keeping up with household chores and feeling overwhelmed in their 60s.

And while most seniors prize their sense of independence, there comes a time when you realize your loved one needs more help than what’s available in their current situation. If that’s the case, it may be time to transition them from independent living to assisted living.

Here are a few questions to answer to help you and your senior decide whether now is the time to make the move:

  • Has your loved ones physical or mental health declined?
  • Are they able to take care of themselves and their home?
  • Has managing household finances become overwhelming?
  • Do they seem isolated or depressed?

If you’re noticing these issues are becoming a problem, transitioning your loved one from independent living to assisted living may be the solution. But how should you go about it?

Communication is the key. Having ongoing frank conversations with your loved one about how and where they are going to live as they age will spare you and them from having to make quick decisions because of a sudden health emergency. Here are some tips to make the process smoother:

Get Your Family on Board


Before you speak to your loved one about moving to assisted living, talk to your brothers and sisters or any other family member who might have a say to make sure you’re all on the same page. If you find there are disagreements, you might all want to meet with your senior’s physician, a social worker, or senior care specialist to get the information you need to make the best decision. Presenting a caring, united front will make the conversation with your senior easier.

Educate Yourself About the Features and Benefits of Assisted Living


Many people have outdated ideas about assisted living being “a nursing home.” The reality is far from that. Today’s assisted living communities not only help seniors with activities of daily living, they also offer enriching activities, social opportunities, and outlets for mental, physical, and spiritual engagement. A visit to the communities available in your area to gather information in advance of talking with your loved one will help you make your case. Be sure to focus on the many positives of assisted living rather than the negatives so your senior can see this as a life-affirming next phase.

Approach Your Loved One With Respect


If your loved one feels they are not ready for assisted living yet, take a step back. Chances are, this will not be decided in a single conversation. It’s vital for your senior to feel like they have a say in choosing how and where they want to continue their journey in aging. After all, making sure they are as safe, healthy, and happy for as long as possible is the most important reason to transition your loved one from independent living to assisted living.

MorningStar Senior Living — Assisted Living Community


If your loved one lives far from family and friends, it could be time to move into an assisted living community near their adult children where they’ll have the companionship of fellow seniors and a compassionate service team. At MorningStar Senior Living, a 24/7 team is dedicated to offer care and hospitality services that meet each resident’s social, emotional, physical, and spiritual needs.








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BRIDGE LOANS

It’s not uncommon for families to be short on funds when transitioning a loved one into a senior community. The ElderLife Bridge Loan allows you to pay for rent and care in the short term while waiting for other funds to come in. Common financial shortfalls include the time that it takes to list and sell a home, or the waiting period before receiving VA Benefits.

The Bridge Loan is designed like a line of credit, bridging the financial shortfall for up to 12 months. The loan is unsecured (no collateral needed) and approved quickly with no penalty for early payoff and affordable interest payments as low as $8 per $1000 borrowed.

To learn more about the ElderLife Bridge Loan, call 877.664.1710 or Click Here.

REVERSE MORTGAGE

When one partner needs assisted living, and the other partner chooses to remain living in a private home, a reverse mortgage may be a good solution to help pay for increased expenses. Without affecting Medicare or Social Security benefits, reverse mortgages allow a homeowner to stay in the home and withdraw from the equity that the couple has built. Mortgage holders get tax-free cash flow as a loan against that equity, a loan that doesn’t need to be repaid until the house is sold or the owner moves out or dies.

Be sure to vet lenders and their terms thoroughly before making any decision. If you would like to be connected to a trusted, licensed reverse mortgage partner, call 877.664.1710.

LONG-TERM CARE INSURANCE

Long-term care insurance helps pay for senior care and protect personal assets by covering expenses up to the amounts set forth in the policy. LTC insurance pays for a variety of services in senior communities, and can offer care options that may not be covered through the federal subsidies of Medicare and Medicaid (see below section).

LTC policies can be complex and it may be difficult to understand and activate your policy. If you have questions about your Long-term Care policy, call 877.664.1710 to be connected with an expert for a free policy review.

SELLING THE HOME

The equity built up in a private home is typically a retiree’s largest asset, making the proceeds from selling extremely helpful when transitioning to a senior community. However, selling a home in a timely manner can be challenging and time-consuming. This is especially true when adult children are not living near to assist.

Many families find it helpful to work with a Real Estate Professional experienced with all aspects of selling a senior’s home. From packing and cleaning to listing and selling, ElderLife’s agents are ready to assist with the entire process to simplify a senior transition. To be connected with a local agent, call 877.664.1710.

SOCIAL SECURITY

Approach Social Security (SS) benefits tactically. Historically, it was wise to take SS benefits early and invest them. Today, that’s not necessarily so. Maximized benefits may best be found through delayed retirement credits. Depending on your birth year, benefits increase by 3-8% annually. If you wait until age 70 to collect, that monthly check could increase by 25% or more. And a surviving spouse receives the entirety of that benefit upon the worker’s death, making delayed retirement credits even more valuable. Study the new rules to choose your best course.
Click here for original source info.

MEDICARE

Think of Medicare as health insurance for those 65 years and older, regardless of income. While Medicare never pays for assisted living, it is designed to help fund certain postacute expenses in the first 100 days, namely hospitalization and rehab, as long as the person’s health is improving.
Once you’ve plateaued, Medicare stops paying.

Benefits may be available for home health care, but only if certain conditions are met. Medicare Part A covers hospice (palliative care) for the actively dying, regardless of income, including in a senior living community. Click here for original source info.

In contrast, Medicaid is a federal government program that subsidizes the medical expenses (including certain health services and nursing home care) for low income people of all ages. MorningStar does not accept Medicaid. Click here for more information.

LEVERAGE LIFE INSURANCE POLICIES

Whole life and universal life policies build a reserve of cash through interest-earning excess premiums (known as the policy’s “cash value”). In some situations, life insurance can be a source of ready funds through cash surrender, death benefit loans, accelerating death benefits, life (or viatical) settlements, or even selling the policy on the open market for immediate cash.

Before acting on any of these methods, consult a financial advisor, as there may be tax consequences. Life Care Funding can also help you determine whether a policy can be converted. Click Here

TAX BENEFITS

The IRS allows certain deductions on a federal tax return for the cost of housing and meals of those receiving long-term care in a senior community due to chronic illness or the inability to live alone.

Assisted living residents may qualify for these deductions if a physician certifies that they have been unable to perform at least two activities of daily living (such as eating, bathing or dressing) without assistance for at least 90 days. The same deductions can apply to those who require substantial supervision due to memory impairment.

An adult child paying for a parent’s care may also qualify for the tax deductions, if the child can claim the parent as a dependent. Consult a tax advisor for further information or visit the Internal Revenue Service (IRS) Click Here.

COMPANION LIVING

MorningStar offers Companion Living in all of our communities, where two unrelated people of the same sex share a suite, whether in independent living, assisted living or memory care.

Not only does this living arrangement enhance life by its camaraderie, it also extends savings.

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