The growing elderly population in smart home environments necessitates increased remote medical support and frequent doctor visits. To address this need, wearable sensor technology plays a crucial role in designing effective healthcare systems for the elderly, facilitating human–machine interaction. However, wearable technology has not been implemented accurately in monitoring various vital healthcare parameters of elders because of inaccurate monitoring. In addition, healthcare providers encounter issues regarding the acceptability of healthcare parameter monitoring and secure data communication within the context of elderly care in smart home environments. Therefore, this research is dedicated to investigating the accuracy of wearable sensors in monitoring healthcare parameters and ensuring secure data transmission. An architectural framework is introduced, outlining the critical components of a comprehensive system, including Sensing, Data storage, and Data communication (SDD) for the monitoring process. These vital components highlight the system's functionality and introduce elements for monitoring and tracking various healthcare parameters through wearable sensors. The collected data is subsequently communicated to healthcare providers to enhance the well-being of elderly individuals. The SDD taxonomy guides the implementation of wearable sensor technology through environmental and body sensors. The proposed system demonstrates the accuracy enhancement of healthcare parameter monitoring and tracking through smart sensors. This study evaluates state-of-the-art articles on monitoring and tracking healthcare parameters through wearable sensors. In conclusion, this study underscores the importance of delineating the SSD taxonomy by classifying the system's major components, contributing to the analysis and resolution of existing challenges. It emphasizes the efficiency of remote monitoring techniques in enhancing healthcare services for the elderly in smart home environments.