We occasionally get questions about how continuing care retirement communities (CCRCs or “life plan communities”) obtain their bond ratings and what these ratings mean. At a time when the financial viability of CCRCs is an increasingly important component of the consumer's decision process, it may be helpful to cover some details regarding CCRC bond ratings. [...]
A big part of the decision to move to a continuing care retirement community (CCRC or life plan community) has to do with security. Residents are making a large investment, and in exchange, they are given access to a continuum of care services should they need them in the future. As a result, CCRC prospects [...]
If you are a regular follower of our blog then you know I am a fan in general of life plan communities, also referred to as CCRCs or “continuing care retirement communities.” Just this week, I spoke with a resident of a CCRC who told me she had lived there for 16 years, and it [...]
Choosing to move to a continuing care retirement community (CCRC or “life plan community”) is no doubt a big decision, involving aspects related to housing, lifestyle, healthcare, and certainly finances. For most potential residents of a CCRC, it’s nearly impossible to make a final decision without having a certain level of financial confidence about the [...]
If you’ve had a chance to look over the results of our recent consumer survey of over 420 prospective residents of continuing care retirement communities (CCRCs or “life plan communities”), then you know that one of the biggest, if not the biggest, reason for delaying a decision to move is uncertainty or concern regarding the [...]
Over the last couple of years, I’ve heard the phrase “rogue resident” occasionally used by members of the continuing care retirement community (CCRC) industry to describe residents who are viewed as having unrealistic expectations or requests of management. Sometimes these perceptibly disgruntled residents deter the board of directors (and possibly management) from inviting resident involvement [...]
In some ways, making the decision to move to a continuing care retirement community (CCRC, also called a life plan community) is like taking out an insurance policy to protect you from the “what ifs” that the future may hold. What if I can no longer handle the upkeep of my home? What if I [...]
Since the 2008 recession, which still remains fresh in our minds, financial regulation has become an increasingly important issue within the CCRC industry and among consumers.