Blog – List

A few weeks ago I wrote a two part series titled “Understanding the Impact of Long-Term Care Insurance in CCRCs.” One particular point of focus was on those retirement communities that offer a type A contract, sometimes referred to as “full life care,” and whether or not there is a need for a resident of such a community to own private long-term care insurance. I shared the post with some of the groups I belong to on LinkedIn and received a couple of very good comments, which point to yet another reason why it could sense for prospective residents of full life care retirement communities to maintain coverage.

www.lifesitelogics.com

info@lifesitelogics.com

877-699-2272

Choosing a continue care retirement community with senior services is a significant lifestyle and financial decision so how do you know if one is right for you?

Indoor saltwater pools, hydro-massage rooms, Napa Valley’s finest wines, sushi chefs….all the characteristics of a five-star hotel, right? Actually, these are the types of amenities you will now find at a growing number of retirement communities across the country.

Indoor saltwater pools, hydro-massage rooms, Napa Valley’s finest wines, sushi chefs….all the characteristics of a five-star hotel, right? Actually, according to any Senior Living Guide these are the types of amenities you will now find at a growing number of retirement communities across the country.

Today I will focus on exploring how long-term care insurance could have an impact on residents of CCRCs offering a contract other than a Type A contract. Generally speaking any other type of contract offered by a CCRC will involve some level of increase in the resident’s monthly fee when care is received.

As I talk with families and financial advisors about continuing care retirement communities, or CCRCs, we often get asked about how long-term care insurance fits into the picture and whether such coverage is needed by those who move into a CCRC.