Equalized Pricing: An Increasingly Common Variation on the CCRC Lifecare Contract
There is a new spin on one contract type that many CCRCs are introducing: a lifecare contract with equalized pricing
D.C. Budget Policies May Impact Older Americans More Than You Expect
For many Americans, the happenings in Washington, D.C., might seem far-removed from their day-to-day lives. But as staff from numerous federal departments are eliminated, and our nation’s policymakers deliberate over significant budget changes and cuts, older Americans across the country stand to be profoundly impacted. No matter which side of the political divide you stand [...]
What’s At the Heart of Older Adults’ Senior Living Apprehensions?
The future of senior living is one of the most talked-about topics in the industry — and for good reason. The next generation of older adults brings new expectations and preferences when it comes to retirement lifestyle and housing. And this topic is especially pertinent as the oldest baby boomers turn 79 this year — [...]
What Baby Boomers’ Financial Divide Means for the Senior Living Industry
As we discussed in last week’s blog post, the “Peak 65” portion of the Baby Boomers — the generation’s final cohort to reach retirement age — faces a financial landscape that is promising for some but uncertain for many. Indeed, the contrast is striking: While Baby Boomers collectively control a significant portion of American wealth [...]
A Stark Contrast in “Peak 65” Baby Boomers’ Retirement Savings Pictures
In 2024, the U.S. attained a momentous milestone as a country. That was the year that we reached what’s been dubbed “Peak 65,” referring to the youngest, largest, and final group of retiring Baby Boomers. Indeed, it may just be the largest influx of retirees in history as more than 4 million Americans will reach [...]
Crunch the Numbers: Aging at Home vs. Moving to a CCRC
Research frequently shows that “aging at home” is the senior living preference for a majority of older adults. Yet some decide that a retirement community, such as moving to a CCRC (continuing care retirement community aka life plan community), better meets their long-term senior living goals. Among those who choose a CCRC, many cite [...]
New Survey Digs Into Top Retirement-Related Worries
Although the inauguration is now in the rearview mirror, there is still much debate about which issues factored into people’s decisions at November’s ballot box. A recent survey of older adults echoes many election exit polls, however, finding that retirees are growing less optimistic about the economy and their personal finances than in prior years. [...]
Home- and Community-Based Services: An Increasingly Popular Care Option
We often write about the goal of many older adults to remain in their current homes as they age, sometimes referred to as aging in place. We also discuss the hurdles sometimes faced by those who either make this senior living decision or lack the resources to consider alternate options: availability of paid or unpaid [...]
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 [...]
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 [...]