cost of care

How Do CCRC Payment Structures Work?

A continuing care retirement community (CCRC, or life plan community) is a senior living option that offers residents a range of independent living choices but also provides a continuum of long-term care services including assisted living or skilled nursing care if later needed. In addition to the many social and wellness opportunities afforded to CCRC residents, [...]

By |2022-08-03T10:10:05-04:00August 2nd, 2022|

When Is It Time to Call in Care Reinforcements for an Aging Loved One?

With COVID-19 numbers down in many areas of the country, school breaks, and this month's various religious holidays, a lot of people may be visiting older family members for the first time in quite a while. It is a wonderful chance to spend time together, and it also presents an opportunity to assess how older [...]

By |2022-04-12T07:02:34-04:00April 12th, 2022|

“I’m Not Ready Yet” Part 2: The Cost of Peace of Mind

In the “I’m Not Ready Yet” blog series, we will be taking an in-depth look at some of the most common reasons why people put off a move to a continuing care retirement community (CCRC) or other senior living community. In last week’s post, we talked about one of the common reasons that people put [...]

By |2022-02-22T09:14:05-05:00February 22nd, 2022|

A Little-Known Detail about Medicaid Qualification and Paying for Long-Term Care

For fiscal year 2020, 76.5 million Americans were enrolled in Medicaid, including 6.4 million seniors. Medicaid is the single largest payer for long-term care in this country. In part, that’s because the cost of long-term care can be so exorbitant — averaging $51,600 a year for assisted living and $93,000 for a semi-private nursing home [...]

By |2021-08-30T15:43:26-04:00August 31st, 2021|

Understanding Tax Deductions for CCRC Residents

I recently posted a new video in our video library about medical expense tax deductions, and more specifically, medical-related fees at a continuing care retirement community (CCRC, or life plan community). It’s another topic we are asked about quite frequently here at myLifeSite. Always consult with your accountant or tax preparer, but generally speaking, for [...]

By |2021-07-06T08:28:29-04:00July 6th, 2021|

Access to Quality Senior Healthcare a Key Retirement Consideration

We all know that location is critical when it comes to investing in real estate, but research shows that geography also is key to getting the best care for seniors. In the fall, we shared the latest rankings for the states with the best long-term care services in the U.S. Another recent report examines the [...]

By |2021-06-07T17:40:42-04:00June 7th, 2021|

Levels of Care: CCRC Monthly Fee Adjustments for Couples

One of the major draws of a continuing care retirement community (CCRC, aka, a life plan community) is the on-site availability of a continuum of care services, should a resident need it. It’s a key feature that defines this type of senior living community. You may have seen our recent video on how a CCRC [...]

By |2021-05-25T17:57:04-04:00May 24th, 2021|

What’s the Difference Between Assisted Living and Nursing Care?

Research has found that somewhere between 50 and 70 percent of people over the age of 65 will require care services at some point, meaning they’ll need assistance with at least a couple of activities of daily living and possibly even a higher level of care. Approximately 20 percent of people receiving such long-term care [...]

By |2021-04-18T05:42:18-04:00April 12th, 2021|

The High Price of Family Caregiving

If you follow our social media accounts, you may have seen our post last week about a recent AARP article on the financial burdens that can accompany family caregiving. The article shared the story of a woman named Amy whose parents were both in their 80s and in failing health when they moved into the [...]

By |2021-04-06T12:37:48-04:00April 5th, 2021|

Counterpoint: A Senior Living Community Could Cost More Than You Think

Last week, I wrote about the true cost of remaining in your current home as you grow older. As I reflected on the post, I began to wonder whether it inadvertently came across as a sales pitch for life plan communities, also known as continuing care retirement communities, or CCRCs. I was bothered by this [...]

By |2021-04-18T05:45:43-04:00March 1st, 2021|
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