1. Aging in place

Portrait Of Loving Mature Couple In Back Yard Garden
Monkey Business Images / Shutterstock
Older people who age in place stay home and take advantage of senior services that are available to them.

The easiest option is staying put. Obviously, this keeps seniors within the community that they know and love, and allows them to preserve bonds with friends and family who are close by.

If you're looking out for your elderly parents and they prefer to continue living at home, you'll want to explore home care services and make sure that their home has undergone necessary renovations or modifications to make their lives easier and safer.

2. The senior 'village'

Slow and aged signs at the entrance of a retirement village
Kim Britten / Shutterstock
A village is a large retirement community with a lot of amenities.

It takes a village to age well. The village concept allows residents to maintain an independent lifestyle while living in individual homes or apartments within a large retirement community. They enjoy access to specialized programs and services.

Those can include: transportation to the mall or grocery store; home health care; and assistance with household chores. Many senior villages also offer activities and even cultural field trips to help residents make and maintain new friendships.

3. Independent living

Senior woman aqua fitness
Paul Vasarhelyi / Shutterstock
An independent living community typically offers wellness and fitness programs

Independent living is similar to the village concept, though on a smaller scale. The amenities may include more communal activities, such as group meals for residents who wish to join in.

Other benefits often include: wellness and fitness programs; assistance with household chores; easy access to offsite transportation; and an onsite medical team available 24/7.

4. Assisted living

Care worker giving an old lady her dinner in her home.
DGLimages / Shutterstock
Assisted living facilities offer independence for those desire it and assistance for those who need it.

Assisted living allows seniors to live as independently as they can, but the facilities provide help for those who have difficulty with daily activities.

The apartments typically come with housekeeping and maintenance services, and staff is available to help residents manage their medications, prepare meals, handle household chores and maintain good personal hygiene.

5. Nursing home

Young caregiver taking care of older disabled woman in nursing home
Photographee.eu / Shutterstock
Nursing homes are for seniors who require a great deal of care and help with daily activities.

Nursing homes are for those who require a significant amount of attention and help with basic daily activities, such as washing themselves, eating or going to the bathroom.

Residents are often limited in their ability to leave a nursing home at will, but facilities generally try to offer engaging programming to help keep seniors' minds sharp.

About the Author

Scott Nordlund

Scott Nordlund

Freelance Contributor

Scott is a freelance contributor to MoneyWise.

You May Also Like

Save on Spring Cleaning With This One Tidy Trick

Scour your floors, not the internet. Here’s how to find deals instantly.

Capital One Shopping vs. Honey — Which One Saves You More?

These similar-looking services provided totally different results in our test run.

Sprucing Up Your Home? Don't Decorate Without This Money-Saving Secret

This 30-second trick can save you a surprising sum on any big project.

This Online Shopping Tool Actually Rewards You for Buying Local

Here's how to save money while supporting your community at the same time.