One of the questions I get asked again and again by seniors who are considering a move to a CCRC is whether or not they can use their long-term care insurance (LTCi) policy to pay all or a portion of their monthly CCRC fee. In this short video blog, I discuss the three key things to understand about LTCi policies and CCRCs.
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.
When you decide to make the financial investment to move to a continuing care retirement community (CCRC), you need complete peace-of-mind that this community will have the operational cash on hand to be able to follow through with their contractual obligations to you and other residents to provide housing, amenities, and in the future, care services. But how can you tell if a CCRC is financially viable? Here are some important questions to ask.
Of course you want to find the best place to live as you age, but how do you spot a great life plan community? What are some of the less tangible qualities that make a community successful, both now and into the future? Here are some pointers…
A new year is a time to look ahead to the future, but it is also an opportunity to reflect upon the past. So, we thought it might be nice to look back at our top five most popular senior living blog posts from 2016.
Only about 8 percent of people are successful in achieving their New Year’s resolution, but there are realistic ways that seniors can improve their lives and wellbeing as we enter 2017. Here are seven potential New Year’s resolutions for seniors that are easily attainable with just a little effort.
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.
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?
While it is human nature to resist change (especially as we age), a friend of mine touts the rather radical idea that people should move every ten years. It’s a bold theory, but I think he has a strong case. Here are a few of the reasons why periodically pulling up stakes and moving to a new home may be a good idea, even for seniors.
Despite the potentially uncomfortable nature of a conversation with your mom and dad about plans for their living arrangements as they age, it is a discussion that needs to take place so that you have a mutual understanding of preferences and concerns; and there’s no time like the present. Here are some ways to get the senior living conversation started.
