Here at myLifeSite we are frequently asked about medical expense tax deductions at a continuing care retirement communities (CCRCs, or "life plan communities"). In this post we'll cover the details about this deduction, but please be sure to consult with your accountant or tax preparer before making any decisions. What is the medical expense tax [...]
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 [...]
You’ve heard the heartbreaking story of the LifeCare Center nursing home in Kirkland, Washington, which was an initial epicenter of the COVID-19 outbreak in that state. At least 35 residents and staff members of that long-term care community have died as a result of this highly contagious virus. What went wrong As I’ve written recently, [...]
I know coronavirus (COVID-19) is top-of-mind and people are worried, for good reason. It’s understandable as we have an increasing number of diagnosed cases and more business and school closures. Last week, I wrote about how, in general, the senior living industry is better prepared than most other sectors to deal with a highly contagious [...]
I know that many people are feeling anxious about the spread of coronavirus (COVID-19). By now, you’ve probably heard about the outbreak of the virus in a nursing home in Washington state that has turned deadly. I would like to shed some light on how the senior living industry as a whole, including continuing care [...]
A special care unit (SCU) is an inpatient unit within a healthcare facility that is custom-designed, staffed, and equipped to care for people with specific health conditions. They are usually in a physically separate space from other patient populations. Traditionally found in hospitals, SCUs also are becoming increasingly common within assisted living and skilled nursing [...]
In last week’s post, I discussed the importance of not only visiting the healthcare center at the continuing care retirement community (CCRC, or life plan community) you are considering, but also doing some due diligence research to ensure they will provide you with the quality of care you expect, should you ever need it. In [...]
In talking with residents of continuing care retirement communities (CCRCs, or life plan communities) around the country, I often hear stories about how happy people are with their decision to move to the community. They talk about the benefits like wellness programs, the sense of community, amenities that make life easier and more enjoyable, and [...]
The distinguishing—even defining—feature of a continuing care retirement community (CCRC, or life plan community) is contractually-provided access to a “continuum of care,” which typically includes independent living, assisted living, memory care, and/or skilled nursing care; each of these services is usually offered on-site (although not always). I wrote a blog post about the “continuum of [...]
