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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. Retirement homes are privately owned rental accommodations for seniors who are able to manage and pay for their own care. Retirement homes are also called retirement residences. Retirement villages and retirement communities, unlike retirement homes, offer separate and autonomous homes for residents. Assistance may include the administration or supervision of medication, or personal care services provided by a trained staff person. Other licensure terms used for this philosophy of care include Residential Care Home, Assisted Care Living Facilities, and Personal Care Homes. Housing arrangements for the future can be a stressful, anxiety-provoking topic for you and your family.
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