Residents at GreenAcres Retirement Village in Ipoh, Perak, speak about living “independently” as they age. Total Investment ED talks about government incentives for senior living.
Galen CEO Azrul Mohd Khalib proposes an aged care fund starting at age 45, while UM geriatrician Prof Dr Tan Maw Pin suggests written advance care directives.
My late grandfather, who died in 2016, was diagnosed with stroke, dementia and Parkinson’s disease. His total medical costs over 4.5 years totalled RM900,000, including the cost of caring for him at home and RM12,000 monthly for care at a facility.
Dr Kelvin Yii says a care economy will help increase female participation in the workforce, as women are often informal caregivers to their parents and children.
St. Mary’s Aged Home says some residents don’t pay fees for two to three months, amid the care facility's rising costs in rent, food, electricity, and medical devices.