A Little-Known Detail about Medicaid Qualification and Paying for Long-Term Care
For fiscal year 2020, 76.5 million Americans were enrolled in Medicaid, including 6.4 million seniors. Medicaid is the single largest payer for long-term care in this country. In part, that’s because the cost of long-term care can be so exorbitant — averaging $51,600 a year for assisted living and $93,000 for a semi-private nursing home [...]
Four Steps to Choosing the Right Retirement Community
So, you’ve been thinking a retirement community could make sense for you. It can be an attractive senior living option for a number of reasons: the social interactions and relationships, activities and amenities, care services (when available), peace of mind … and the list goes on. But how do you choose the right community for [...]
Is the Pandemic’s “Severely Lonely” Senior Living Resident a Myth?
As I’m sure you’re aware, COVID-19 cases are surging as a result of the Delta variant. In many areas, hospitals are exceeding capacity as more and more people — especially the unvaccinated — fall seriously ill. It is easy to feel forlorn reading headlines about another round of potential restrictions, remembering the isolation and loneliness [...]
Family Caregiving Can Present Stressful Challenges
Family caregiving is often referred to as a labor of love. It can be fulfilling to care for someone who has perhaps cared for you, and it is a responsibility some people feel duty-bound to perform. But even for those who recognize the sense of purpose that comes with the role, family caregiving can still [...]
Partnerships Between CCRCs and Universities Benefit Both
You’ve probably seen the “help wanted” signs at businesses across the country. Many industries are desperate to hire enough staff to meet demand and are looking at different ways to entice prospective employees to apply. Yes, higher starting wages is one obvious incentive, but some companies are offering education reimbursement as well. Perhaps most notably, [...]
Benefits of the Retired Clergy Housing Allowance in a CCRC
I recently wrote about potential tax deductions for residents of a continuing care retirement community (CCRC, or life plan community). In short, depending on your individual tax situation, a deduction may be available to you on a portion of your CCRC entry fee, as well as a portion of your ongoing monthly fees since they [...]