Aging in Place. Planning to live well.

According to the US Census Bureau by the year 2030, all baby boomers will be over the age of 65 and represent 20% of the US population. And, for the first time in US history, older adults will outnumber children.
These statistics are really not much of a surprise. In fact, it is not unusual to know retired adults who are caring for their retired parents. Older adults are living longer and the implications are clear, the growing number of aging adults in the United States will impact all areas: medical delivery, economic stability, and housing.
To ease the challenges of growing older many are choosing to “age in place”. A concept whose popularity has increased each year. It is a popular choice for a variety of reasons: living costs can be lower than an assisted care residence, the mortgage has been paid off, the neighborhood and the neighbors are familiar and provide comfortable surroundings, and the home is filled with memories and treasures providing emotional support and comfort.
Are you thinking about aging in place? Successful aging in place requires thoughtful planning and implementation to keep you and your loved ones safe.

Here are a few suggestions to get you started:

  1. Consider Home Modifications. Adapting your home now may help prevent falls in the future. Adding handrails to the bathing area, putting in place non-slip rugs and floor surfaces, changing the location of the washer/dryer to the main level, chair lifts for staircases, and even adding larger handles and door pulls may help prevent injuries.
  2. Consider emergencies. Add flashing lights to doorbells and fire alarms, wear pendants and necklaces for emergency contact at the push of a button, and install home security alarms to prevent intruders.
  3.  Learn alternate transportation options. While you may be driving today, consider the options for travel should you no longer find driving comfortable. While you may love the inside of your home, you need to be able to move freely outside the home as well.
  4. Find reputable home maintenance agencies to help with repairs. Those chores that you may have done earlier will not look so appealing as balance and mobility changes. And, those chores need to be done as frequently as before.
  5. Insurance Review. Contact your insurance agent for a full review of coverage including home, car, personal property, and liability. Consider reviewing life insurance and long term care insurance riders. There are products now available to help cover long term care expenses that may meet your needs.

Aging in Place is a current trend and promotes independent living. For families, there are so many considerations regarding the home modifications, financial planning, long term health planning, insurance and finding the right home care provider. According to the Homecare Association of America, “homecare benefits seniors… keeping seniors safe, healthy, engaged and active, Value of Homecare.

To promote independent living, we can help create a plan and support your family.

Call 703-471-0050 or connect with us at  Griffin Owens Insurance Group.