The increasing middle-income seniors aging community will continue to need the level of healthcare and housing provided by senior housing and home care services.
Private-pay senior housing and healthcare providers are on today’s research and quantified future middle-income aging numbers. They are actively proposing new financing models, business strategies, and public policy approaches that don’t leave the middle-income community behind.
Yet, these proposed models and strategies could be the proper steps and give a new direction; projected senior-middle-markets will not have enough to pay for facility-based care that annual care-cost is estimated to be up to 40,000-60,000 and about 3,500/5,000 a month.
Today, many middle-income seniors rely on retirement savings to pay for housing and healthcare needs. Yet, by 2029, 14.4 million middle-income seniors will need to rely on family members to financially support their housing and healthcare needs.
Top 3 solutions to consider when planning for your loved one’s future long-term healthcare-housing needs:
#1 Do not panic. Though these future projections paint a clear picture of how your loved one may not be able to access healthcare and housing provided by senior housing and home care services, there is always a way to prepare for future long-term healthcare and housing needs.
#2 Identify how much future care your loved one may need shortly. To project future health care for your loved one ,we recommend that we begin making a care team that includes all stakeholders, including your loved one, all doctors, and researched and selected potential private-care providers. They all can help you navigate the level of care, cost and financial process, and private-policy changes while assisting with answering any questions you may have.
#3 Stay up today with all local and state public healthcare policy changes. They may include your loved one’s current income and qualify for public benefits.
Our purpose at GYC Senior Care is to ensure your loved one is included and provided with all assisted living care.
GYC Senior Care Family Care Team is here to help you navigate all long-term care phases and we are determined to assist execute all the future and appropriate care-strategy and approaches for your loved one.
GYC Senior Care exists to serve! Learn more at www.gycseniorcare.com or call (847) 410-2126.