Are CCRC Tax Deductions Only Available at Non-Profit CCRCs?
As we’ve written about in the past, residents of continuing care retirement communities (CCRCs or “life plan communities”) often are able to take a tax deduction on a portion of their monthly fee (and even on any non-refundable portion of the entry fee in the first year). This deduction is available under Section 213 of [...]
Is Retirement in Florida Right for You?
As temperatures begin to drop in many areas of the country, some older people may start to ponder if spending their retirement in Florida might be the way to go. For so-called “snowbirds” who have already made this senior living decision, cooler weather is a sure sign that it’s time for their annual trip south [...]
How Some Grocery Stores Are Helping Alleviate Loneliness
The University of Michigan’s Institute for Healthcare Policy and Innovation conducted a National Poll on Healthy Aging (NPHA) in January 2023, which asked 2,563 people between the ages of 50 and 80 about their social connections and any feelings of isolation they were experiencing in their lives. The poll’s findings revealed that many older people, [...]
Why Isn’t Senior Living Pricing Shown on More Communities’ Websites?
In recent years, there has been a shift in mindset among senior living providers about showing pricing on their websites. In the past, you would rarely find senior living pricing clearly displayed on a community’s website. This was no oversight; it was a conscious choice based on an understanding of most people’s decision-making process. On [...]
Cost of the Average Nursing Home Stay and How Billing Works
When family caregivers and home health care providers are no longer able to meet a person’s care needs, some families make the decision to move their loved one to a skilled nursing facility, also called a nursing home. It’s important to understand the potential costs of long-term care in a nursing home as well as [...]
‘The Golden Bachelor’ & the 55 and Over Dating Scene
After being postponed due to the pandemic, the long-anticipated reality TV show “The Golden Bachelor” has finally hit the airwaves on ABC, and it is creating quite a buzz! To promote their show, ABC has even coordinated watch parties at active adult communities, senior centers, and long-term care communities across the country. But while the [...]