Primus Senior Living Financial planning for your senior years how to afford a home in assisted living Blog Primus Senior Living Financial Planning for Your Senior Years: How to Afford a Home in Assisted Living Blog image

As much as growing old & grey is a blessing, it can be quite challenging as well. You can only enjoy your golden years if you have done all the work to stay in good health, from eating right and conducting regular health check-ups to exercising and timely screenings. Not just that, you also ensure to plan for emergencies and consider housing options.

Speaking of housing options, have you heard of senior living communities/assisted living? With increased life expectancy among older adults, there is a high demand for elderly homes in India. Assisted living homes have become very popular in the past few years because of the various amenities and features. For instance, Primus Senior Homes offers a wide range of best-in-class facilities such as excellent hospitality, nutritious meals, 24/7 healthcare facilities and empyrean concierge services, to name a few.

Elderly Homes in India

While the best-paid old age homes in India are increasing in demand because of the various benefits they have to offer, it is crucial you are financially secure in your golden years to afford a home in assisted living.

Here are a few ways you can do just that.

1. Savings:

This is one of the best options to date. Having savings can prove to be beneficial in so many ways. In this scenario, it helps to pay for your elderly homes in India upright, without any hassle. You could also continue to live in independent housing and use your current income to pay for senior housing. Either way, you will be able to buy a home in the best-paid old age homes in India.

2. Long-term care insurance:

More often than not, the elderly can’t rely on their kids for long-term finance. Long-term care insurance, as the name suggests, provides funding for long periods for individuals above 65 years of age. Some of the things that come under long-term insurance are home care nursing, adult and personal daycare services, assistance facilities required for living, in-home care and care management.

3. Renting:

This option is rapidly gaining popularity. If you are someone who doesn’t want to invest in real estate but wants to enjoy the benefits and facilities offered at elderly homes in India, renting is an excellent option. You get access to a wide range of amenities that will help you have a healthy lifestyle.

These are some of the top ways that are popular among seniors to afford a home in assisted living. Apart from being able to afford the best-paid old age homes in India, seniors should be financially and emotionally independent.

Strategies for Financial Planning in Your Senior Years

1. Invest wisely:

Investing in different assets is a great idea to grow your finances. However, it is crucial you invest in assets that will help build your portfolio and maximise your returns. Carefully research and invest wisely.

2. Buy health insurance:

As you age, your health needs more attention than before. There are higher chances for emergency situations. Hence, it is important to have health insurance in place.

3. Invest in a healthy lifestyle:

Exercise, eat right, sleep well and take care of your mental health. You can play a few board games that will help keep your mind sharp.

4. Surround yourself with like-minded people:

It is so important to have friends who understand you. Choosing elderly homes in India allows you to meet and spend quality time with people from the same age group.

Best-paid old age homes in India

Financial independence is crucial at any age, but more important in your golden years. This blog will help you decide how to stay financially independent and afford a home in assisted living. Speaking of assisted living, if you are looking for elderly homes in India, Primus Senior Homes is a great option. The homes are senior-friendly and well-designed. Not just that, you also have senior-friendly facilities such as gourmet meals, activities and a gym, to name a few. To know the cost of retirement homes in India at Primus Senior Homes, contact the team today!

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Primus Senior Living Financial planning for your senior years how to afford a home in assisted living Blog
6 Bathroom Safety Tips For Seniors

Bathrooms can be a dangerous area especially when you start getting older. That's because bathroom accidents can be more fatal for seniors than younger people. Older adults are also more prone to bathroom mishaps because of their changing health conditions caused by ageing like declining eyesight, balance issues, etc. However, premium senior assisted living facilities, like Primus, come with geriatric-friendly living spaces to make the lives of seniors easier and effortless. Below are six bathroom safety tips that Primus takes seriously and you should also! 1. Anti-skid bathroom floors There are high chances for seniors to lose their grip or balance while coming out of the shower. That's why it is important to have anti-skid tiles for bathrooms used by elders. If not, you can also equip the floors with anti-skid mats. If going with anti-skid mats, make sure to install more than one, wherever there are chances of slipping. 2. Grab bars or handles It is important to install grab bars or handles in the right places to make them a safer place for seniors. As people age, they might need extra support to get up or sit down on toilet seats. Similarly, attaching a grab bar near the shower to grab on while they take a shower can give them a sense of security and safety. 3. Lighting Bathroom spaces must be illuminated with the right lighting solutions. For example, overhead lighting is a wrong choice for a bathroom as it doesnot light up the bathrooms uniformly and the shadows can cause problems. Bathrooms must have multiple lights and it would be extremely helpful for the seniors if the lights have motion sensors. 4. Toilet seating A raised toilet seat reduces the effort the seniors have to put in to sit and stand. Detachable raised toilet seats with arms are also available these days. For added safety, it is recommended to use toilet seats with arms or brackets. 5. Emergency phones Along with increasing safety and making the spaces senior-friendly, ensure there are provisions for seniors to contact someone in case of emergencies. Installing waterproof emergency phones in bathrooms will give them reassurance and a safe feeling. 6. Items must be accessible The provision to put the necessary items in a bathroom should be fixed in areas easily accessible to seniors. They shouldnot have to bend or stretch to get things and put them back. Accessibility must be a top priority while making the bathroom senior-friendly. Making living spaces senior-friendly is always good. But wouldnot it be better to get a home that meets all the needs of an older adult rather than making just your bathroom senior-friendly? If you think so too, Primus can be perfect for your loved ones. Primus is one of the top elderly care homes in Bangalore that is designed in a way that makes the lives of older adults hassle-free. From anti-skid floors to gyms with specially-imported hydro-pneumatic exercise machines, Primus has got it all. Bathrooms are equipped with all the features that ensure the utmost safety of the seniors including hand showers and safety seats. Visit Primus living spaces to feel the luxury of convenience! Senior living home | Primuslife PREVIOUS POST ← Seniors and Technology: 5 reasons why seniors should learn technology Seniors and Technology: 5 reasons why seniors should learn technologySenior apartment living | Primuslife NEXT POST 5 reasons why socialisation is crucial for seniors â†' 5 reasons why socialisation is crucial for seniors YOU MAY ALSO LIKE Here's How To Add Fun Post-Retirement VIEW POST Factors to consider when buying a property as a senior citizen VIEW POST The Need For Senior Living Homes In Mumbai VIEW POST LEAVE A COMMENT COMMENT NAME * EMAIL * WEBSITE Primuslife Facebook Primuslife Twitter Primuslife Linkedin Primuslife WhatsApp Primuslife youtube© 2022 Primus TO TOP

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