Understanding the Difference: Assisted Living vs. Memory Care

If your aging loved one can no longer navigate through life on their own and struggles to manage typical day-to-day activities safely, it’s time to consider long-term care solutions.

Senior living alternatives vary in terms of the level of assistance provided, features and amenities, staff training, and cost.

Thus, finding the perfect type of care and navigating the new home can be emotional, overwhelming, and difficult for you and your aging loved one.

Naturally, you want the best care for your elderly parent, spouse, or family member, fitting their health circumstances and unique needs — but also attainable to your family’s budget.

To help you make the right choice, in this article, we discuss two of the most common options for senior care: assisted living and memory care.

Read on to learn everything you need to know about the two senior living solutions as you weigh your options.

Assisted Living: What is it & Who is it for?
Assisted living is a long-term senior care facility that assists seniors with daily tasks, yet allows a level of independence for their elderly residents.

Usually, assisted living facilities include a small apartment, housekeeping services, one to three community meals a day, and organized social activities.

Assisted living facilities are made for the elderly who need assistance with daily activities, such as taking medicine, bathing, and toileting, but still have their reasoning skills intact.

Memory Care: What is it & Who is it for?
Memory care facilities are specialized, secured senior living facilities designed to cater to the needs of patients with some form of dementia.

These facilities, like the assisted living ones, provide their residents with housing, meals, and help with activities of daily living as well. However, memory care solutions also provide amenities that address and alleviate the unique needs and difficulties of people with declining cognitive abilities.

For instance, memory care facilities are of milder colors, decluttered, and with clear signage, all of which are therapeutic to patients with memory loss. Staff members typically have specialized training in dementia care, to ensure both physical and mental needs of patients are met.

Moreover, memory care facilities have a smaller staff-to-patient ratio as dementia patients have greater care needs, such as brushing their teeth, eating, showering, and dressing.

Finally, memory care facilities address the concerns of caregivers and family members of dementia patients by providing safety and security from wandering.

Assisted Living vs. Memory Care: Key Differences

Both memory care and assisted living facilities provide elderly residents with housing, meals, and assistance with daily activities. However, memory care offers a specialized environment, greater security, and trained staff for individuals with dementia.

The following are unique benefits memory care facilities offer patients suffering from cognitive decline:

# Specialized Environment
Dementia affects all five senses, not just memory and cognition. And memory care facilities are, thus, specially designed to minimize symptoms of anxiety and reduce the chances of patient injury.

For instance, many memory care facilities feature well-defined communal spaces, color-coded walls for easy navigation, and outdoor gardens for patients to enjoy nature safely.

More so, safety precautions like door alarms and environmental considerations like motion-sensor lights and one-touch sinks allow residents to have a safer and more independent living experience in a memory care facility.

On the contrary, assisted living communities do not offer such measures, creating a potentially unsafe environment for dementia patients.

# Safety Precautions
As six in ten dementia patients will wander at least once in their lifetime, safety is a major consideration for those in need of a memory care facility.

While some assisted living facilities offer safety measures such as in-room emergency alerts and daily check-ins, elderly with memory loss require increased safety precautions.

Therefore, memory care facilities generally have more advanced measures to keep residents safe, like locked entrances, keypad-enabled entries, obscured exits, doorbells that signal entering and exiting, and wearable devices for tracking patients.

# Trained Staff
Memory care staff members typically undergo additional training focused on addressing the specific issues that people living with dementia often face, such as swallowing difficulties, wandering, and anxiety.

Furthermore, most states require memory care employees to attend continuing education programs to help them understand the brains of people living with dementia and to master strategies for mitigating distress and supporting residents.

In addition, caregivers at memory care facilities are trained to prevent and manage challenging dementia behaviors, like wandering and aggression.

# Tailored Activities
While assisted living facilities prioritize entertaining their residents, memory care centers provide activities tailored to the unique needs of elderly individuals with dementia.

For instance, many memory care facilities offer music, art, pet, or reminiscence therapy, all of which have been found to promote relaxation, slow down cognitive decline, and help access different brain areas of those experiencing cognitive impairments.

# Encouraging Dining Experience
Late-stage dementia can lead to significant eating and drinking difficulties for patients. They may forget to eat or drink, as well as struggle to recognize when they are hungry, thirsty, or full.

That’s why patients in memory care facilities are provided with an environment that promotes independence and dignity when dining.

For instance, residents are given various food options to help them maintain control over their diet. They are also served in a calm environment and provided with adaptive plates or utensils.

Making the Best Choice for Your Elderly Loved One
When deciding between assisted living and memory care, it’s important to consider your loved one’s type of dementia, its impacts, and how quickly it is expected to progress.

For example, some seniors may require a higher level of supervision early on after the diagnosis, while for others, this need may arise later.

Seeking input from your loved one’s doctors is crucial when making this decision to find the care that will enable your aging family member to thrive.

The Guide to an Affordable Auto Loan in New York

CNBC published a report on America’s most expensive states to live in 2015. And, the New York State is at number 3. Living in the Empire State is to live a royal life. Everything from a house to a cup of coffee will cost a fortune in the state. And, buying a car is expensive in New York as well.

What is the cost of buying a Car in New York?

The cost of buying a new car depends on the make and model that you choose. But, the approximate cost will be the total of the following expenses:

Initial Cost of Owning a Car in New York

>>$33560 – Average price of new car

>>$50 – Title Fee of New York State DMV

>>$25 – License Plate Fee of New York State DMV

>>Other Taxes

Annual Cost of Owning a Car in New York

>>$1196– Average Annual Car Insurance

>>$365 – Repairs

>>$713 – Gas

Now, you cannot reduce the cost related to the New York State DMV fees, insurance or maintenance. But, you can avoid an expensive car purchase by opting for an affordable auto loan in New York.

How to obtain an Affordable Auto Loan in New York State?

Choosing a car is an emotional decision for people. So, it is important that you keep your emotions in check and buy a car that doesn’t put a pressure on your wallet. Here’s how to work towards obtaining an affordable auto loan in New York State:

Spending Plan

You must prepare a spending plan that includes information of your monthly income and expenses. Make a list of your total monthly income that includes income from your job as well as investments. Remember to include all your expenses such as food, rent, utility bills, etc. to your total monthly expense. Once you calculate your monthly income and expense, you will be able to allocate a monthly budget for your car-related expenses.

Monthly Payment

Once you create your spending plan, you will be able to estimate a comfortable monthly payment amount. Make sure that you stick to the comfortable amount because if you opt for a New York auto loan with higher monthly payment amount, you will face financial trouble.

Down Payment

Down payment helps a New York car buyer in the following ways:

1. It reduces the total auto loan amount.

2. It reduces the loan-to-value (LTV) ratio.

3. It manifests a stable financial condition to the lender.

4. It reduces the interest rate.

5. It reduces the chances of an upside down auto loan.

If you are buying a new car in New York State, 20% down payment is ideal. And, if you are interested in a used car, it is okay to have at least 10% down payment.

Trade-in

By opting for a trade-in, you will be able to reduce your total loan amount. The option is ideal for those NY car buyers who do not have adequate down payment.

Before trading your old car for a new one, ascertain the selling price of your old car. If a car buyer is willing to give you a higher price than the dealer, sell it and use the money for down payment.

Buying a car is expensive in New York State. But, if you work hard to make your New York auto loan affordable, you can avoid an expensive car purchase.

Car Destination will help you obtain low-rate New York auto loans in the Empire State. Do not worry if you have bad credit history. The NY bad credit auto loan expert ensures guaranteed car financing in Bronx at the click of mouse. Apply now.

How to choose the Right Co-Signer for your Car Loan?

What is the meaning of a co-signer?

He/she is as an individual who:

>>Signs the loan contract with the borrower;
>>Is obligated to repay the loan if the borrower does not make payments;
>>Has the joint liability for making regular payments; and
>>Has no right to the vehicle.

How is a co-signer different from a co-applicant?

A co-applicant(co-borrower) assumes the same responsibility as a co-signer but he/she enjoys the benefit of ownership. A co-applicant has right to the car.

Who needs a co-signer?

Car buyers who do not have a strong credit application require a co-signer because he/she ensures the lender of regular payments and reduces the lender’s risk. So, a co-signer is often considered a boon by following people because he/she helps them in securing quick finance:

>>Young car buyers with no credit history
>>People with terrible credit score
>>People with low income
>>Car buyers with short employment history
>>Car buyers with repossession or bankruptcy in the past

Is a co-signer needed for a “joint car loan”?

A car loan is considered a “joint car loan” if the following applicants are involved:

1. A primary borrower
2. A co-applicant or aco-borrower

If both the applicants have credit issues or any other financial problem, lenders make co-signing compulsory.

Who is eligible to become a co-signer?

Usually, parents co-sign car loans for their children. It is for this reason many people believe that the only criterion for becoming a co-signer is to be the relative of the borrower. But, it is a myth. Following are the criteria for becoming a co-signer:

Preparedness to Co-Sign

Many people will be ready to inform the lenders about their willingness to become your co-signer. But, just an informal promise or a verbal agreement is not enough to become a co-signer. So, ensure that your co-signer is prepared to sign the loan contract and is willing to assume the responsibility of your car loan.

Good Credit Score

A co-signer is required to have a good credit score. He/she must pay bills on time and have an experience of obtaining a variety of debts such as mortgage loans, credit card debts, personal loans, etc.

Usually, lenders require a co-signer to have a credit history of at least five years. So, make sure that you check the prospective co-signer’s credit history before talking to the lender.

Ability to Repay the Loan

Lenders don’t allow anyone to become a co-signer. A person can co-sign your loan contract if he/shecan repay the loan. Your co-signer needs to submit the financial documents to the lenders so that they can check his/her financial situation:

1. Bank statements
2. Property details
3. Ongoing loan information
4. Pay-stubs
5. IT returns (if the co-signer is self-employed)

Employment and Residential Stability

If your co-signer switches jobs frequently, lenders will consider his/her employment status unstable and reject your loan application. It is because lenders want a co-signer to have a stable employment.

Also, lenders require a co-signer to have a stable residence history. It is ideal if your prospective co-signer is residing at the same address for at least two years.

So, these are the criteria for becoming a co-signer. If your lender has asked to bring a co-signer, don’t forget to use them. It will help you in choosing the right co-signer for your car loan.

Don’t worry if you cannot find a co-signer. Car Destination provides special first-time car buyer program to help young auto buyers. To apply with the company, simply submit your auto loan request and the company will provide you with low rate car financing program.