It’s understandable if you find the news headlines frightening. Each day, the death toll of the coronavirus (COVID-19) pandemic climbs higher. And it also seems like nearly every day, there’s a new story about a nursing home hit with cases of COVID-19 among their residents and/or staff. As I’ve written about in recent weeks, nursing [...]
Over the last few years, I’ve written a number of posts describing the various types of residency contracts offered by continuing care retirement communities (CCRCs or “life plan communities”), the less understood nuances among each, as well as how to properly compare and contrast the choices. But it was recently pointed out to me that [...]
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, [...]
There is so much terminology in the senior living industry that it can be confusing for consumers who are researching the options. While I understand the reasons behind the industry’s recent efforts to replace the term “continuing care retirement community” with “life plan community,” consumers now have yet another descriptor to add to the already [...]
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 [...]
By now, almost everyone is aware of the coronavirus disease 2019 (COVID-19) that is spreading around the globe. It’s impacting not only people’s health and travel plans but also the stock market. As a result, many of you have probably been contacted by your financial advisors, most likely encouraging you to stay calm in the [...]
Selling an existing home is one of the tasks that many people view as a hurdle to their continuing care retirement community (CCRC or life plan community) decision. Indeed, according to our Consumer Survey results, more than one in three respondents cited “Putting off dealing with all my stuff / hassle of moving” as a [...]
Prospective residents of continuing care retirement communities (CCRCs, or life plan communities) are making a big decision. It’s a choice that will have long-term implications for their quality of life, finances, and healthcare — obviously not something to be taken lightly. That’s why it’s important to ask the right questions so that you are fully [...]
There are certain things in life that, if you wait until you feel absolutely certain that you’re ready and the timing is perfect, you will probably never do — getting married, buying a house, having children, and retiring among them. Another milestone that is commonly on this list is moving to a retirement community, such [...]
