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We are pleased to see LifeSite Logics mentioned in an article released in the St. Louis Post-Dispatch this morning titled: Retirement Communities: Plush Living for a Plush Price.

A recent Washington Post article highlights a new study revealing that if all unpaid family caregivers who are caring for an older adult were paid for their work the total cost would well exceed $500 billion annually. Additionally, many of these caregivers are paying out of their own pocket for various needs of their loved ones.

A popular question among prospective residents of a lifecare retirement community is whether or not to maintain existing long-term care insurance. It is a great question because, after all, a lifecare contract works much like long-term care insurance in the sense that the community guarantees long-term care services, along with all other services and amenities, for a flat monthly rate. The thought process is: why continue paying for long-term care insurance after paying for a lifecare contract that essentially covers the same thing? Before making a decision there are several important steps to take.

We were pleased to see LifeSite Logics’ Co-Founder, Brad Breeding, mentioned in USA Today this past weekend in an article titled, “Pros, Cons: Continuing Care Retirement Community.” It is a helpful article addressing a topic of ever-growing importance among prospective residents of continuing care retirement communities: financial viability of the provider.

For those considering a Continuing Care Retirement Community there is often some degree of confusion about the ultimate financial impact to the consumer of moving to a community that is private-pay versus one that is “Medicare-certified.” Within the context of long-term care Medicare certification is only applicable to skilled nursing facilities (SNFs), which are licensed in their respective state to offer 24-hour medical care provided by a registered nurse or rehabilitative staff, including procedures such as IV and drug administration, wound care, lab tests, physical therapy, and more.

While I advocate every day for the importance of consumer education and transparency in senior living, I also feel compelled at times to speak up on behalf of the industry. There are three important points that I think consumers should understand as it relates to the article.