Strategies for Financing Long-Term Senior Care

Lee Tuchfarber serves as the chief executive officer of Renew Senior Communities, a senior living community with campuses in Aurora, CO, and Glenwood Springs, CO. Under Lee Tuchfarber’s direction, Renew Senior Communities offer assisted living and memory care housing options where residents enjoy a high quality of life, top amenities, and an engaging social calendar.

When seniors transition from independent living to community living, they may have questions about financing their new housing situation. Typical retirement revenue streams, such as Social Security and pensions, may not be enough to cover all costs.

Common ways to finance senior housing include selling or renting a previous residence. Using a reverse mortgage to liquidate home equity is also an option.

If policyholders require daily supervision, long-term care insurance will pay for caregiving in several settings. Additionally, some life insurance policies cover senior housing expenses. Certain government benefits, such as Medicaid and Veteran's Aid, can also go toward long-term care.

 

Tips for Developing a Senior Care Plan

Renew Senior Communities’ CEO Lee Tuchfarber is dedicated to providing a senior living experience that considers the medical, social, and emotional needs of residents and their families. Under Lee Tuchfarber’s direction, Renew Senior Communities offer respite care services in Glenwood Springs and Aurora, CO. Identifying appropriate senior living facilities and respite care providers is an important part of drafting an elder care plan.

As loved ones age, they may not be able to care for themselves independently. A senior care plan evaluates a senior’s current needs and capacity, and identifies a caregiver or specialist who can provide appropriate support. The senior’s preferences and wishes should be accommodated as much as is reasonably possible.

Eldercare plans may include the type of housing the senior will live in, any in-home medical assistance he or she will require, and a plan for financing caregivers or medical costs. If care is provided by a family member, periods of respite care should be scheduled to prevent burnout.

 

The Role of Physical Activity in the Life of Seniors

 

Lee Tuchfarber oversees operations at senior living communities located in Glenwood Springs and Aurora, CO. As the CEO of Renew Senior Communities, Lee Tuchfarber takes an active interest in senior caregiving, Alzheimer’s research, and the link between exercise and brain health.

For many seniors, an active lifestyle is about more than just maintaining a healthy body. It can be a social event that helps them connect with others and feel like they’re a part of a larger community.

Exercise can also help improve mood through the release of endorphins and other neurotransmitters. This is especially important for seniors who may be prone to depression and feelings of loneliness. It can also improve mental capacity and memory. Increased blood flow resulting from physical activity helps every part of the body remain healthier.

And, of course, exercise is absolutely vital to maintaining strength levels and mobility for older adults as well as younger people. Many of the common problems associated with old age can be traced back to low levels of activity.

Activities and Choices That Help Keep a Brain Healthy in Old Age

Lee Tuchfarber is a commercial real estate professional and the CEO of Renew Senior Communities, a senior living management company with communities in Aurora, CO, and Glenwood Springs, CO. Dedicated to senior care, Lee Tuchfarber has an interest in dementia research and investigations into the prevention of neurodegeneration.

Among the lifestyle choices that can lead to better neural health in old age is engaging in cognitively stimulating activities. That is, activities that challenge thinking and information processing abilities. Since brain plasticity continues during the aging process, it’s a safe assumption that stimulating mental activities can help support cognitive function through old age.

Another important consideration is the duration of sleep. While it’s normal for people to wake up earlier and have trouble staying up late as they age, decreasing total sleep time can have negative effects on brain health. The amount of sleep required in adults doesn’t change as they age, according to research.

In addition, eating patterns can have a significant effect on brain health as well. Maintaining a balanced diet, such as the Mediterranean diet or the DASH diet can help contribute to healthier brain function in old age.

Tenets of the Renew Senior Communities Lifestyle

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Image from: renewsenior.com

Before becoming the CEO of Renew Senior Communities in Glenwood and Aurora, CO, Lee Tuchfarber spent 15 years developing commercial and residential senior housing. Lee Tuchfarber launched the Renew senior living facility to provide a community that catered to retirees interested in maintaining an active lifestyle.

Renew Senior Communities differ from traditional senior living centers by offering a three-pronged community experience based on the following:

- Experiences. Residents at Renew Senior Communities can take part in interactive classes in which they can practice new skills or rediscover past passions. Activities are led by professionals, so residents learn through relevant and engaging projects.

- Fine dining. Each Renew Senior Community offers a healthy menu crafted by an award-winning chef. The menus cater to all dietary preferences, and the dishes contain quality ingredients meant to taste excellent and drive improvements in resident's function status.

- Skill sharing. Residents have a lifetime of experience to share with their peers and their community. Renew Senior Communities give seniors a way to give back by working with local organizations and contributing to community projects.