Number-Crunching: A Look at Differing CCRC Pricing Sheets
If you follow our blog, you know that I’ve written in the past about the different types of contracts offered by continuing care retirement communities (CCRCs, or life plan communities). But understanding contract types conceptually and actually knowing what you are looking at when you read over a particular CCRC’s pricing sheet are two very [...]
Independence: A Double-Edged Sword?
One of the most popular reasons people cite for staying in the home is maintaining independence. Yet, over time and without proper planning, there is actually a risk of becoming less independent living at home. In her 2015 article in The New York Times, “At Home, Many Seniors are Imprisoned by their Independence,” Paula Span says, [...]
Consumer Survey Results: What’s Important to CCRC Prospects?
At myLifeSite, our primary objective is to provide consumers with the tools and information they need in order to make an educated decision about their senior living options. But in order to do that effectively, we have to understand who our customers are—what factors are most important to them when considering senior living communities, such [...]
Lifelong Learning: Good for Seniors’ Minds & Bodies
Springtime means graduation season. There is a recent and growing trend among college graduates that is garnering a lot of attention. According to the National Center for Education Statistics, by 2020, 43 percent of college students are expected to be age 25 and older. And among these older grads are more and more seniors, who [...]
Medicare and Continuing Care Retirement Communities (CCRCs)
In a previous post titled Long Term Care: What Does Medicare Actually Cover?, I described the possible out-of-pocket financial impact someone may face by receiving care in a private-pay skilled nursing facility (SNF) versus a Medicare-certified SNF. In a nutshell, Medicare Part A will cover medically necessary skilled nursing care—for a limited time and limited amount—if certain [...]
Mind the Gap: Seniors with Nowhere to Turn for Support
There was a heartbreaking story in the Washington Post this week about an elderly man in China named Han Zicheng, who tried putting himself up for adoption. His wife had died years ago, and his adult sons had moved away and rarely called or visited. This 85-year-old man thought he would try to find a [...]