Planning for a financially stable retirement is an intimidating and stressful concept for many when so many questions about health, rising senior care costs, and housing cannot be answered definitively. Seniors can plan on paying quite a bit for housing options, but the costs will vary depending on the type of care required and the location of facilities. If your loved one is trying to figure out future finances, be sure to ask if they have any existing insurance or retirement plan coverage which can help defray costs along with various government plans or those offered through some union or fraternal organizations.
Regardless of comparison to the national median, Oregon senior care is costly. According to Genworth Financial, the median yearly costs for senior care in Oregon are as follows:
- Assisted Living (private, one bedroom): $46,200
- Nursing Home (semi-private room): $82,125
- Nursing Home (private room): $91,250
OregonRetirement.info is a wonderful resource for those considering retirement in Oregon. Its content is tailored specifically for residents of Oregon, and it offers advice on financial planning as well as explanations of complex legal pension plans. Employees of Oregon will be interested by the state government's Public Employee Retirement System, which details benefits for and offers advice to employees of Oregon.
For years, Oregon has been (and remains) a gem to its retired residents. If you are providing care for a retired loved one or considering retirement yourself, the below resources might be of some interest:Senior Citizen Journal on Financial Planning
- eHow's Financial Advice for Seniors
- Free Annuity Quotes
Senior Care Guide: Care.com's comprehensive guide to senior care that helps readers understand senior care options by describing each option in detail and answering frequently asked questions.
For more information on senior healthcare, visit our Articles and Resources page.
Looking for quality senior care in Oregon? Check out the local pages below.Fairview