cost of long term care

Long-Term Care Staffing Shortages Have Far-Reaching Implications

You’ve likely seen the “now hiring” signs in businesses of all kinds. The most recent data from the U.S. Bureau of Labor Statistics has the unemployment rate at just 3.6 percent for May 2022. While it is good news that so few people are out of work, there is a flip side to that coin [...]

By |2022-09-19T15:10:19-04:00June 28th, 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|

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|

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|

What’s the True Cost of Staying in the Home?

Again and again, research finds that most senior adults say they want to remain in their home, at least as long as possible. While there are many reasons for this, cost is a consideration. Many people believe that it will cost less for them to remain in their existing home than to move to a [...]

By |2021-05-05T07:11:40-04:00February 22nd, 2021|

What Will Long-Term Care Cost and How Long Will I Need It?

According to the U.S. Department of Health and Human Services (DHHS)’s Administration on Aging (AOA), around 70 percent of people over the age of 65 will require long-term care services at some point in their life. This means they will need assistance with at least two activities of daily living (ADLs) such as eating, dressing, or [...]

By |2021-04-12T08:47:46-04:00December 14th, 2020|

A Look at State Rankings for Long-Term Care Services

In my conversations with people who are exploring their senior living options, I've had many people ask about which states have the best long-term care. The Long-Term Services & Supports State Scorecard for 2020 puts some objective numbers to this common query. The scorecard was produced by the AARP Foundation, The Commonwealth Fund, and The [...]

By |2021-04-12T09:00:35-04:00November 16th, 2020|

Inflection Point: Our Nation’s Ever-Growing Long-Term Care Crisis

When someone is seriously ill, either with a chronic disease or an acute health condition, their loved ones are often tasked with making a series of difficult choices. Among these may be decisions about long-term care, which many times, they are unprepared to make either emotionally or because they lack good information. In such uncharted [...]

By |2021-04-12T09:03:25-04:00November 2nd, 2020|

Can I Use My Long-Term Care Insurance in a CCRC?

This is a question I am often asked, and it seems I’ve been getting the question with more frequency lately. Although I’ve written on this topic a few times before, I want to give a concise overview of what you need to know about using your long-term care insurance policy in a CCRC, including some [...]

By |2021-04-12T05:06:34-04:00December 16th, 2019|
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