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daily living. They may also help residents with services provided
by outside care providers.
These facilities allow residents to live with some level of
independence, while overseeing activities to ensure their safety,
well-being, and health. Assisted-living, as it exists today, emerged
in the 1990s as an eldercare alternative on the continuum of
care for people, for whom independent living is not appropriate,
but who do not need the 24-hour medical care provided by a
nursing home.
U.S. Median Monthly Cost for An Assisted Living Facility in 2018
Assisted Living Facility Monthly Rate
Private, One Bedroom $4,000
Source: Genworth Financial 2018 Cost of Care study.
Home Health Care
Home health is for those that prefer to and can afford to, remain
in their home when they need care in their senior years. In-
home health care, an aide comes to the home to provide care
for the person who needs assistance.
Chapter 5: Things That Can Wreck Your Retirement
