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Retirement homes are privately owned rental accommodations for seniors who are able to manage and pay for their own care. Senior Living - info and advice for older adults. Each state licensing agency has its own definition of the term it uses to describe assisted living. Assistance may include the administration or supervision of medication, or personal care services provided by a trained staff person. A nursing home is a place of residence for people who require constant nursing care and have significant deficiencies with activities of daily living. Assisted living comes by many names, such as residential care, board and care, or group homes. Assisted living comes by many names, such as residential care, board and care, or group homes. Assisted living emerged in the 1990s as an eldercare alternative on the continuum of care for seniors for whom Independent living is no longer appropriate but who do not need the 24-hour medical care provided by a nursing home. A place in a retirement home can be paid for on a rental basis, like an apartment, or can be bought in perpetuity on the same basis as a condominium. Nursing Home residents include the elderly and younger adults with physical or mental disabilities. Assisted living comes by many names, such as residential care, board and care, or group homes.
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