WHICH RETIREMENT COMMUNITY IS RIGHT FOR YOU?
With nearly 10,000 baby boomers turning 65 each day, many are starting to consider where to spend their retired years. While many older adults prefer to begin retirement in their own homes, remaining completely independent can be difficult as they continue to age. In fact, according to an article published by Harvard Health Publishing, nearly two thirds of seniors need help doing one or more daily activities. For many adults deciding where to retire, the options can be overwhelming. While some older adults are discouraged due to the initial high price of a Continuing Care Retirement Community, for many older adults, the benefits outweigh the cost.
LIVING OPTIONS FOR OLDER ADULTS There are many different types of independent living communities available to those heading into retirement that vary in cost and size. Low Income Or Subsidized Housing Retiring can be expensive. That’s why the U.S. Department of Housing and Urban Development provides safe rental housing for those with restricted financial options. HUD housing also considers both affordability, housing options, and supportive features in the services they provide. Senior Apartments Senior apartments usually restrict the age of their residents starting at 55 or older, depending on the community. While this is a great option for those who are relatively independent, most senior apartment complexes do not usually provide additional services outside of landscaping maintenance. Retirement Communities Retirement communities usually offer a variety of independent living options for those over a certain age. Depending on the retirement facility, housing options generally include apartments, townhomes, or condos. These communities most often include a few services such as outside maintenance, recreation services, clubhouses, and activities. Continuing Care Retirement Communities While many older adults are healthy and completely independent when they retire, a lot can change as they age. That’s why many older adults choose to move into a CCRC. These communities offer a spectrum of care from independent and assisted living to skilled care nursing. In addition, these communities usually offer robust services including housekeeping, activities, medical care, meal plans, and maintenance. CCRCs also give residents peace of mind. If they or their spouse become ill, the next level of care is usually just down the hall.
BREAKING DOWN THE COST OF A CCRC The cost of buying or renting a unit in a Continuing Care Retirement Community can be expensive when compared to other living accommodation options. However, for most adults, CCRCs allow them to live in a community that offers the convenience and peace of mind of everything in one place without the hassle of another move if things should change with their health and care needs. Monthly Fees Most CCRCs do not take a “one size fits all” approach when it comes to monthly rental fees. Many facilities offer a variety of floor plans and finance options to make their facility more accessible to perspective residents. While monthly fees can be higher than paying rent on a condo or senior apartment, they also include many amenities that will become more useful as you age, such as meal delivery, housekeeping services, help with medicine, laundry and other services. Healthcare Services Many communities include healthcare services right on the campus. In addition, because CCRCs offer the entire spectrum of care, they will have high-quality nursing and medical staff on their campus at all times. In the case of an emergency, a resident will have access to care much more quickly than if they lived alone in their homes. Lifestyle One of the most important elements of living a long and healthy life is to stay physically and mentally active. Many older adults are attracted to the lifestyle a CCRC can provide. Providing high-quality activities for residents is a top priority for Continuing Care Retirement Communities. Many communities offer a wide variety of programs like book club, exercise groups, and trips to restaurants, museums, and musical and theater performances. Food Service & Meal Plans As older adults continue to age, adequate nutrition becomes crucial to their health and wellbeing. Depending on the community, meal plans may be included in the monthly fee, or purchased separately. However, most CCRCs offer a wide variety of high-quality and nutritious meal plans that will keep residents feeling healthy and strong.
FOCUS ON ENGAGEMENT Throughout the community we make it a priority to keep our residents engaged and socially active. We pride ourselves in offering a diverse range of programs and social offerings, clubs, and classes ranging from yoga to art therapy, book club, intergenerational programs, and much more. We work with Rendever for virtual reality experiences and Eversound to enhance hearing for residents so they can be fully engaged. Thanks to the pool and fitness center our residents can enjoy social opportunities through exercise right inside the community. The surrounding Cape Cod communities offer many options for shopping, walking, and visiting interesting nearby attractions.
“IT’S A LITTLE CITY IN ITSELF...”
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... I have everything I could possibly need or want here. There are so many things to do, from the schedule of activities to organized outings, there is plenty to keep me busy. Also, if I need additional care it is right here on the same campus and I don’t have to leave my friends behind. I experienced this when I was involved in a car accident a few years ago. After the hospital, I was at Mayflower Place Nursing & Rehabilitation Center for a couple of days because I had sustained a concussion. My friends visited me and the staff was right there to ensure I had everything I needed. When I was better, I simply walked down the hall back to my apartment and was able to resume my normal life. My children know that I am safe here and there’s someone always there to help if and when I need them. — Joan, resident
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Maplewood at Mayflower Place is situated on a gorgeous property in West Yarmouth, MA. We offer unparalleled independent living, assisted living, and skilled nursing and rehabilitation on Cape Cod. Recently upgraded with a full, modern renovation, our stunning continuing care retirement community is the only one of its kind offering full services on Cape Cod and because of that we have built an excellent reputation for care. With us, you can age in place knowing that the services you may need are right on-site. Our community welcomes residents with a magnificent landscape, elegantly appointed one and two-bedroom apartments, and warm, sophisticated common areas. Distinct amenities including a pool, wellness services, and a plethora of engaging and creative programs embody our emotion-based philosophy of care. As a continuum of care senior living community, additional incremental care and specialized services are here if and when they are needed. Call us at 508.790.0200 www.maplewoodseniorliving.com
COST COMPARISON WORKSHEET Regular Living Expenses
Annual Household Expenses
Maplewood At Mayflower Place
Mortgage/Rent
Included
Condo Assessments
Included
Property Taxes
Included
Insurance Homeowner’s
Included
Tenant’s
Included
Utilities Water & Sewer
Included
Gas
Included
Electric
Included
Garbage Removal
Included
Internet
Included
Ground Maintenance (Leaf & Snow Removal)
Included
Home Maintenance and Repairs
Included 1x week
Housekeeping Services
Included 2x month
Linen Services
Included
Emergency Call System
Included
Transportation
Included
Entertainment
Included
Health/Country Club Membership
Included
Meals (Independent Living only dinner) Travel Basic Cable Telephone Personal Supplies Automobile Insurance Health Insurance Premiums Total Annual Expenses Total Annual Expenses __________________ ÷ 12/months/year + __________________ per month vs. Monthly Fee at Maplewood at Mayflower Place __________________
579 Buck Island Road West Yarmouth, MA 508.790.0200 MaplewoodAtMayflowerPlace.com