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
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 [...]
A Primer on CCRC Residency Contracts
Here at myLifeSite, we are able to gather lots of great insights and comments from the thousands of people who follow our blog posts and who are actively engaged in the process of researching continuing care retirement communities (CCRCs or “life plan communities”). This helps us develop content that we hope speaks directly to the [...]
A Great Relief, by guest author and CCRC resident, Jim Patrick
The following story is part of a joint project between myLifeSite and Senior Correspondent where we ask people to report on their senior living decision process. By Jim Patrick After retiring, my wife and I moved from our home in Seattle to Tucson, where we lived in an active senior retirement community and lived for [...]
3 Alternative Ways to Fund a Life Plan Community Entry Fee
For most seniors, selling their home is the simplest, fastest solution to fund their CCRC entry fee, but if for whatever reason this isn’t the case for you, here are three other funding methods that could potentially be utilized.
Marketing CCRCs to the Next Generation of Retirees
A CCRC that is poised to thrive in the long-term should have an up-to-date marketing and strategic plan in place. And to create such a document, the CCRC provider must have a deep understanding of the size, needs, and preferences of their target demographic. Here are a few of the areas where I believe the senior living industry will see the biggest changes in the years ahead as they strive to appeal to newer retirees.
Can Logic Fallacies Sway Senior Living Decisions?
Humans are susceptible to a phenomenon called sequential contrast effects, meaning that your feelings about something depend on what you saw just prior. It’s a logic fallacy that can impact the decisions you make in life, including which CCRC or other retirement facility you select. And for CCRC management, it’s important to understand how the order in which prospects visit facilities influences their final choice.
Do CCRC Residents Live Longer?
A recent report from the CDC shows the first decrease in lifespans in the U.S. since 1993. Despite this decline, many continuing care retirement communities (CCRCs) assert that their residents live 1.5 to 2 years longer than the average senior. But is there actual research to support this CCRC claim?
Paying for Senior Living- Know Your Options
Many seniors, or perhaps adult children doing research on behalf of a parent, often wonder whether one of these senior living options is affordable. To help answer this question, it is important to be aware of the various payment options available.