Palm Beach Relocation Guide

SPR-SUM 2016

The Palm Beach Relocation Guide is Palm Beach County's most respected relocation publication and is a MUST for anyone considering visiting, moving to, living in, or just wants to learn more about the Palm Beaches.

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P A L M B E A C H R E L O C A T I O N G U I D E . C O M 181 from your current circle of friends and community to a new area. This is where a real estate agent can really help a person or family trying to find a retirement situ- ation for someone, as they have access to the most current facts and figures to help you make an informed decision." "Many who are making these decisions for themselves need to learn to be a little bit selfish," says Chamness. "I mean, be selfish in a good way," he laughs. "Move to a community or area that you enjoy. Many of my senior-aged clients are downsizing their lifestyles and selling a home they've owned for 30 years. They're trading down in price range, want to be in a good area and need to select a home that's a good investment for them. If your health is good, and you're reasonably active, you also want an area with residents of a similar age and situation – just like you, they've raised their kids, have a lot of interests and a lot to talk about, and can help each other." SENIOR HOUSING OPTIONS The Department of Housing and Urban Development estimates that private senior care housing can range in cost from $20,000 to $200,000 per year, depending on the services and degree of care offered by a facility. Many senior care housing commu- nities employ medically trained staff, and provide housekeeping and meal prepara- tion services, as well as transportation for shopping, medical visits, and social outings. HUD also notes that as Baby Boomers approach their own retirement years, the trend toward creating active retirement communities where residents are involved and physically active will continue, and seniors are encouraged to live as inde- pendently as they are capable of handling. "The time to begin thinking about a retire- ment community isn't when you have to have it," advises Terry Martinez with Parmer Woods Retirement & Assisted Living. "The time to think about it is when you don't need it. There are not enough retirement commu- nities to keep up with the demand, and you want to be sure that you know your options and what's available beforehand." Martinez says that more than 60 percent of her facility's residents have moved when their adult children also decided to relocate. Martinez credits the Internet as a source for families to learn more about retirement communities, check on specific programs and associated costs. "When you're trying to stay within a partic- ular price range, you want to match your living requirements with services offered," she says. "If someone's parents are very inde- pendent and don't need assistance – they just want a meal plan, for example – then the associated costs are much less than for some- one's parents who require more care." "Remember", says Martinez, "Medicare generally does not pay for long-term care, only for services deemed medically neces- sary that are provided by a skilled facility or home health care that meets certain conditions. Medicaid will pay for certain health services and nursing home care for older people with low incomes and limited assets. Optimally, the selected community should have someone on staff familiar with the requirements and criteria of both programs." ACTIVE SENIOR HOUSING COMMUNITIES Many seniors find that they simply do not want to worry about the upkeep and main- tenance of a home, preferring to spend their leisure time in other ways. Independent seniors in good health may find that they need nothing more than a community where they can fully enjoy pursuing their personal interests. For them, moving to an active independent living retirement community might be the best fit for their budget and lifestyle, where options include renting an apartment or the outright purchase of a property in a senior community. Many active senior communities have information packets that may be requested in advance, and offer tours of the commu- nity itself. A personal visit will give valuable, first-hand information and an opportunity to visit with current residents who can offer their own experiences and provide an insider's view on the commu- nity. Be sure to determine that personal interests and pursuits are offered, such as health and fitness programs, organized activities, or sports. Other day-to-day living arrangements should also be considered, such as shopping centers and grocery stores within easy walking distance. Are transpor- tation services provided, if needed? Where is the community located in proximity to major health care providers? And, what security measures are in place for residents? For ultimate peace of mind, some seniors rent a home under a short-term agree- ment at first to make sure the community provides for their needs and lives up to their expectations. CONTINUING CARE RETIREMENT COMMUNITIES A Continuing Care Retirement Community (CCRC) offers 360-degree care in residential community for seniors, with a full menu of services and living situations. Residents at a CCRC may move between independent living, assisted living and nursing home care, depending on their individual, changing needs. Seniors electing to live in a CCRC (also known as "Life-Care Facilities" and "Life-Care Communities") contract with the community in advance for a lifetime commitment to provide care, regardless of their future health and needs. They then live in the residential community for the remainder of their lives, and are placed within a living situation appropriate to their needs and abilities. Seniors or family members of seniors who are concerned about future security find CCRCs a safe bet, addressing any worries about future health problems down the road and alleviating any concerns about hidden costs along the way. A CCRC generally offers seniors a contract or contracts that provide a continuum of care that includes access to housing, services, and health care for more than one year, or the balance of their lives. Usually, it is a wise idea for seniors to move into a CCRC sooner rather than later, as most CCRCs require that new residents be capable of living independently when they first move in.

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