Program:
Margarita Kudlov gave the presentation on the topic of Navigating Senior Living. As background, by 2030 20% of the US Population will be 65 or older. Over 70% of that aging population will require long-term care.
There are 4 options for senior care - Independent Living, Assisted Living, Memory Care and Board & Care.
Independent Living costs between $5,000 and $10,000 a month. The pros are a high degree of independence; the cons are limited on-site medical care.
Assisted Living costs between $7,000 and $15,000 a month. The pros are that it provides on-site professional support. The cons are that it may not be a good option for those seeking 1-1 care.
Memory Care costs between $10,000 and $16,000 a month. the pros are a secure and closely monitored environment. The cons are the higher cost.
Board & Care costs between $7,000 and $12,000 a month. The pros are a warm and intimate environment. The cons are that it offers fewer amenities and services compared to larger communities.
Rotary thanks Margarita for a compelling and engaging presentation.