by admin | Dec 10, 2014 | assisted living, Blog |
Options for Senior Living This is the first post in a three-part series on the costs of senior care. The series discusses options available for seniors’ living and care, the costs involved, and how those costs can be covered. In this first post, we look at the various options available to seniors: retirement homes, assisted living, long term care homes (LTC), and in-home caregiving. In the second post, we will take a more in-depth look at how much these different options cost. In the third post, we will discuss how families can meet the costs of senior care. Options for senior living: First, the statistics about living longer Statistics Canada publishes figures on both life expectancy and ‘Health-Adjusted Life Expectancy’ (HALE). Life expectancy is the number of years a person would be expected to live, depending on the year they were born. HALE is an indicator of the average number of years that a person is expected to live in a healthy state, a summary measure that combines both quantity of life and quality of life. In 2007 (the last published figures), life expectancy was 83 years for a Canadian woman, and 78 years for a man. HALE calculations show that women in Canada can expect to live in a healthy state to the age of 71 (i.e. without a disability or chronic disease), and men can expect to live in a healthy state to the age of 69. This means that Canadians with average life expectancy will likely spend the last years of their lives (12 years for women, 9 years for men) coping with a chronic disease or disability. These...
