Part 3 of Why Move? How a Reverse Mortgages Can Help You “Age In Place”

Each year, more than 22,000 agencies nationwide provide home care services to over two million people, and as the population ages, these numbers will continue to grow.

Like the senior described in Why Move? How a Reverse Mortgage Can Help You “Age In Place”/Part 2 (link), who was able to return home after a serious accident because she hired a live-in attendant, a helping hand may be the deciding factor in whether you’re able to age in place — and thus, whether beginning the reverse mortgage qualifying process makes sense for you.

It’s important to know what care is available, so you can explore these options for yourself, your partner, or your loved ones to help them remain at home as they grow older.

Here are 7 services that can make it easier to “age in place”:

•    Homemaker Services – Help with household maintenance: cooking, light cleaning, laundry, grocery shopping, and other household tasks.
•    Personal Care – Assistance with a variety of daily living activities, such as bathing, dressing, grooming and eating.
•    Companion – Daily telephone calls, regular friendly visits, and similar outreach to keep a senior connected to the community.
•    Health Care – Skilled care that can include nursing visits, as well as speech, occupational, physical, or respiratory therapy.
•    Senior Centers – Social programs in a community center setting. Services vary widely: some senior centers offer meals, exercise classes, computer training, or a lending library. Transportation to and from the Center may also be provided.
•    Live-in Help – A full-time, live-in attendant can offer a combination of homemaker and personal care assistance, and other non-medical support services.
•    Support Groups – Support for issues about aging, peer companionship, illness- and grief support, and other topics to help people experiencing life changes or specific challenges.

Most people desire — and deserve — to age in place. Knowing the range of services available to enable you or your loved ones to remain at home, and to make a temporary or permanent move elsewhere should the need arise, you’ll be well equipped to respond to concerns that may arise as you contemplate a reverse mortgage.

Read Part 1 of this article.
Read Part 2 of this article.

This article recently appeared in ReverseMortgageInfo.