What are the Odds of Needing Assisted Living?
Plan better for long-term care learning more about the odds of requiring assisted living and other long-term care services.
Plan better for long-term care learning more about the odds of requiring assisted living and other long-term care services.
Many seniors, or perhaps adult children doing research on behalf of a parent, often wonder whether one of these senior living options is affordable. To help answer this question, it is important to be aware of the various payment options available.
By educating yourself about the different types of CCRCs and considering your unique situation, you can make an educated decision about the type of contract that is best for you.
During my years as a financial planner I would often hear people in retirement say that they had already planned for the latter stages of retirement because they had purchased long-term care insurance. In fact, there was a time when I, too, felt that owning long-term care insurance was a plan.
A source of confusion for seniors or families researching a senior care center is understanding the difference between a “Medicare-certified” facility and a “private-pay” facility.