What is a “Continuum of Care” in Senior Living?
As people age, their health and lifestyle needs naturally evolve, and so should the support they receive. If you’ve been exploring senior living options, especially continuing care retirement communities (CCRCs, also known as life plan communities), you’ve probably come across the term “continuum of care.” It’s a key concept that speaks to the range of [...]
For-Profit CCRC vs. Nonprofit CCRC: What’s the Difference?
While there are clear differences between for-profit and not-for-profit CCRCs it does not mean that one is necessarily better than the other.
Blackboards to Boardrooms: Adaptive Reuse Turns Old Buildings Into New Senior Living Communities
As America simultaneously struggles with an oversupply of vacant and/or functionally obsolete commercial space and a dearth of affordable senior living options to meet demand, an innovative trend is reshaping the landscape: adaptive reuse. Developers across the country are breathing new life into vacant schools, underperforming malls, unoccupied office buildings, and outdated hotels, transforming them [...]
Assessing the Affordability of a Life Plan Community
One of the biggest obstacles in choosing a life plan community (more traditionally known as a continuing care retirement community or CCRC) is affordability. Or, as we like to say here at myLifeSite: Is it a good financial fit? For many prospective residents of a life plan community, the question may not necessarily be [...]
Equalized Pricing: An Increasingly Common Variation on the CCRC Lifecare Contract
There is a new spin on one contract type that many CCRCs are introducing: a lifecare contract with equalized pricing
Aging with Pride: How Senior Living and Care is Evolving to Support LGBTQ+ Seniors
Approximately 2.3% of Americans 50 and older (2.7 million people) self-identify as LGBTQ+, according to 2023 research from the Williams Institute at UCLA. As the number of openly LGBTQ+ seniors continues to grow in the U.S., the senior living and long-term care industries must address a pressing responsibility: to provide housing and care environments that [...]