According to an article this past Friday in the Wall Street Journal by Kelly Greene, more families and their financial advisors are turning to continuing care retirement communities (CCRCs) as a solution for potential long-term care needs. This is in great part due to the fact that the cost of long-term care insurance continues to increase and fewer insurance companies are offering this type of coverage.
Greene points out that a prospective CCRC resident should take the time to understand the type of contract offered by the community(s) in which they are interested, as well as the financial stability of the organization. To see the article in its entirety, click here.
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