Gifting Assets Can Create Five-Year Lookback Period Issues
Today is Giving Tuesday, a global movement celebrating generosity, observed on the Tuesday following Thanksgiving. Many older adults use the holiday season as an opportunity to give away some of their cash or other valuable assets to loved ones or charitable causes. And while these gifts are no-doubt appreciated by their recipients, there are reasons [...]
Do Retirement Communities Allow Pets? A Look At Senior Living Pet Policies
Retirement communities are a popular choice for older adults who are looking for a comfortable, low-maintenance, and supportive environment. But for animal lovers who are considering making a senior living move to one of these communities, a common question is: Do retirement communities allow pets? If you have a beloved pet, it is important to [...]
What’s Included in the Monthly Fees for a Retirement Community?
If you’re considering moving into a retirement community, one of the first things you’ll want to understand is the cost. This includes any upfront costs, like an entry fee (if applicable), as well as the monthly costs. While pricing can vary significantly depending on the location, type of community, type of contract, and level of [...]
Why Behavioral Economics Biases Impact Senior Living Decisions
As people grow older, one of the most significant decisions they may face is whether to remain in their current home or move to a retirement community. This decision is deeply personal and can be influenced by many factors, such as health, finances, proximity to family, and personal preferences. However, whether older adults realize it [...]
Grappling With The Finality of “The Last Move” to a Retirement Community
The decision to move to a retirement community marks a significant life transition, especially for older adults who struggle with their feelings about the finality of the last move. In many cases, this apprehension is not just about downsizing or packing boxes. It crosses into deep emotional territory: feelings of loss, confronting societal taboos, and [...]
Understanding the New Medicare Appeals Ruling for Skilled Nursing Care Coverage
As of October 11, 2024, significant changes have been made to establish appeals processes for certain Medicare beneficiaries who are initially admitted as hospital inpatients but are subsequently reclassified as outpatients receiving observation services during their hospital stay and who meet other eligibility criteria. Here's what you need to know about how this might impact [...]