The senior living industry has exploded. Where there used to be only a few options of care available, the senior housing industry now offers every level of care to seniors from home care and independent living facilities to nursing homes and hospice. With the variety of options available, seniors are able to find the housing option that best fits their needs and provides the greatest amount of autonomy. However, with that come increased complications and regulation gray areas.
Assisted living represents the middle ground of the senior living industry between independent and nursing homes. Assisted living is a loosely defined combination of housing and care. Most assisted living residents are unable to live in their own homes due to limiting physical or mental conditions. They require assistance and some care but not at the full level of residents in a nursing home do.
Assisted living homes straddle a delicate line. They must balance the care and service seniors need while maintaining a sense of their autonomy. But there are also liability issues. Assisted living homes aren’t authorized to provide the same level of care to residents as nursing homes. Regulations varying by state can limit the type of care that assisted homes are allowed to provide to residents. If a resident’s needs increased care, they could be bumped into a home with more care. Residents can also be discharged early or too late. At the same time, assisted living residents don’t have the same full degree of autonomy as residents in independent living homes- they need a certain amount of care.
It is a delicate relationship between provider flexibility and resident protection. In this upcoming blog series, we’ll talk about critical issues in Assisted Living and how they affect the residents.
At K&B Underwriters, our mission goes well beyond providing insurance solutions required to protect senior living facilities in the event of an injury, damage, or loss. As a national program administrator, we are known for our innovative solutions specifically designed for assisted living facilities, independent living facilities, nursing homes, and continuing care retirement communities. Our goal is to identify enterprise risks and chart the best route to navigate through a litigious, highly regulated, and always shifting environment. Contact us today for more information about our Independent Living Facilities Insurance (855) 883-6306 .