How Rental and Equity CCRCs Work
Over the last few years, I’ve written a number of posts describing the various types of residency contracts offered by continuing care retirement communities (CCRCs or “life plan communities”), the less understood nuances among each, as well as how to properly compare and contrast the choices. But it was recently pointed out to me that [...]
Why Patient Care Protocols Are Critical During a Pandemic
You’ve heard the heartbreaking story of the LifeCare Center nursing home in Kirkland, Washington, which was an initial epicenter of the COVID-19 outbreak in that state. At least 35 residents and staff members of that long-term care community have died as a result of this highly contagious virus. What went wrong As I’ve written recently, [...]
CCRC, Life Plan, Lifecare: What are the Differences?
There is so much terminology in the senior living industry that it can be confusing for consumers who are researching the options. While I understand the reasons behind the industry’s recent efforts to replace the term “continuing care retirement community” with “life plan community,” consumers now have yet another descriptor to add to the already [...]
Senior Living Continues the Fight Against COVID-19
I know coronavirus (COVID-19) is top-of-mind and people are worried, for good reason. It’s understandable as we have an increasing number of diagnosed cases and more business and school closures. Last week, I wrote about how, in general, the senior living industry is better prepared than most other sectors to deal with a highly contagious [...]
How CCRCs Are Addressing the Spread of Coronavirus (COVID-19)
I know that many people are feeling anxious about the spread of coronavirus (COVID-19). By now, you’ve probably heard about the outbreak of the virus in a nursing home in Washington state that has turned deadly. I would like to shed some light on how the senior living industry as a whole, including continuing care [...]
Coronavirus COVID-19 and the Stock Market
By now, almost everyone is aware of the coronavirus disease 2019 (COVID-19) that is spreading around the globe. It’s impacting not only people’s health and travel plans but also the stock market. As a result, many of you have probably been contacted by your financial advisors, most likely encouraging you to stay calm in the [...]