There is no question that Rochester is a busy, vibrant and exciting city in New York. Currently, home to over 200,000 residents, those living here enjoy fine dining, entertainment and specialty shopping that rivals its bigger neighbor, New York City. This makes it not surprising that this is a popular area for seniors to settle down and live out their retirement years.
Right now, there are over 20,000 residents who are over the age of 65 and this number is definitely on an upward trend as the population continues to age. Taking some time to get to know some of the options available for the senior lifestyle will help ensure the right option is selected.
When it comes to spending your golden years in Rochester, there are more than a few options to consider. Learning more about what is available and what to expect will pay off.
There is a total of 49 nursing homes located in the Rochester metro area.
Access to hospitals and physicians is abundant, ensuring residents receive the care they need when they need it. It is estimated that at some point in time, up to 70 percent of the people who are over the age of 65 will need some type of managed long-term care.
Rochester has a cost of living that is closely in line with the national average. This means that retiring here can be a smart option. However, before a person chooses where they want to live and the level of care they need, it is essential to take some time to get to know more about the cost expectations of the communities and facilities in the city.
Taking the time to look at the cost of care for various types of senior living locations will help a senior know what to expect and ensure they are ready to cover their new home or the location they choose.
Licensed homemaker services (hourly cost): Between $20 and $29: $52,624 annually on average. Adult day care services (hourly cost): $37 to $135; annual cost of $19,760. Assisted living (private room): $1,224 to $6,929 per month; annual cost of $49,695. Nursing home care (semi-private room): $290 to $401 per day; annual average cost of $132,320. Nursing home care (private room): $300 to $418; annually $135,050 on average.
In some cases, a senior will not need comprehensive care. This is because they are still able to handle their day to day activities without assistance. However, they may want to shed the large, empty homes they lived in before. If this is the case, then a senior apartment may be the ideal option. In some cases, these apartments can be quite affordable, based on the senior’s current income. More information about this is available by contacting the U.S. Department of Housing and Urban Development, HUD.
When it comes to finding the right senior living arrangement, there are quite a few considerations a person or their family needs to make. Some questions to ask to make the right choice include the following:
Does the senior require help with daily activities, such as getting dressed or driving? Do they enjoy being active? Are they looking for companionship or prefer to live alone?
Answering these questions can help a senior, and their family, choose the best living arrangements for their needs. In some cases, this will be a nursing home while in other situations they will be happier in a senior apartment.
There are quite a few people who do not seek nursing home care or assisted living services for a senior loved one who really needs it due to the sheer cost. However, when assistance options are utilized, a senior can receive the care they need without their family having to go into debt. This payment assistance can also be used for other types of senior care, the key is to plan in advance.
It is smart to begin planning for long-term care before the need for it arises. In most cases, this includes having a quality medical insurance plan and investing in long-term care insurance. However, if these policies are not in place prior to a major health event, they will typically not be an option.
Medicare will only pay for nursing home care or an assisted living stay for a short period of time and Medicaid will only pay for care for individuals who show financial need. Another option is for a senior, or their family, to sell assets, such as homes, property and stocks. This can provide some of the funding necessary to pay for long-term care. Another option is to look into Veteran’s assistance. For some veterans and their spouses, they can receive several thousand dollars per month to cover long-term care expenses, which can be extremely helpful.
Find assisted living in Rochester near you.