As you approach retirement or enter your golden years, understanding your health care options becomes crucial. Medicare and Medicaid are two essential programs to know about and take advantage of, but they can be
Trying to make a senior living decision – such as whether to remain in your home or move to a retirement community – can evoke many feelings and emotions, among them: fear. More specifically,
Many continuing care retirement communities, often referred to as CCRCs or “life plan communities,” require an entry fee upon entry. CCRC entry fees are usually refundable to the resident or the resident’s heirs in
If you or a loved one is contemplating senior living options, it’s understandable that you might have questions or concerns about the cost of retirement communities. Yet as with any other major decision in
A recent survey by myLifeSite revealed that one of the top reasons older adults delay or avoid a move to a senior living community, such as a continuing care retirement community (CCRC/”life plan community”)
A couple of weeks ago, we wrote a post answering a question we sometimes get about whether it’s wise to pull money from an individual retirement account (IRA) to help cover the cost of
There was a great interview-article in Forbes in 2022 entitled “Dilemma: Senior Living Facility or Kids’ Inheritance?” In it, financial expert Larry Light interviewed Certified Financial Planner Rick Kahler about many seniors’ desire to
Medicare [Part A] covers some of the expenses incurred from medically necessary skilled nursing care when such services are delivered by a Medicare-certified provider. There are certain stipulations that must be met before Medicare
Depending on the source, statistics show somewhere between 50-70% of people over the age of 65 will require fairly significant long-term care services at some point in their life. This means they’ll
Lifecare Contracts Explained A Continuing Care Retirement Community (CCRC, or “Life Plan Community”) can be a wonderful solution for older adults who are independent and active today, but who seek the
