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Clare Oaks Blog


Continuing Care Retirement Communities: Modified Fee-for-Service Contracts Explained

Posted: Wednesday, October 18, 2017

By: Clare Connection

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 peace of mind that comes with living in a community where assisted living or health care services will be provided when needed. A CCRC is the only type of retirement community that contractually provides access to services spanning the full continuum of care—beginning with independent living and progressing to assisted living and around-the-clock skilled nursing care.

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When to Get On the Wait List at a Retirement Community

Posted: Wednesday, October 11, 2017

By: Clare Connection

If you or a loved one is considering their senior living options, you likely have begun doing research on the retirement communities. Or perhaps you have a loved one in need of long-term care or memory care and staying in the home will not be safe for much longer. With all of the differing communities and facilities available (especially in larger cities), it can be a lot to take in so the decision process can take some time. This varies from one person to another because some senior living decisions are needs-based and move much quicker, while others are more preference-based and can take months or even years. Once you home in on a few specific places that meet your criteria, you may want to consider getting your name on their waiting lists. Many facilities, particularly assisted living or nursing care facilities, are likely that they have one.

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Differences Between For-Profit and Not-For Profit CCRCs

Posted: Wednesday, October 4, 2017

By: Clare Connection

“What is the difference between a not-for-profit community and a for-profit community?” This is a popular question among prospective residents of Continuing Care Retirement Communities (CCRCs), also referred to as Life Plan Communities.

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I’m Not Ready Yet

Posted: Tuesday, September 26, 2017

By: Clare Connection

Although the vast majority of people who live in Continuing Care Retirement Communities report that they are happy with their decision, there are many who delay a move indefinitely because they feel they are not ready yet.

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8 Questions to Consider Before You Decide to Age in Place

Posted: Tuesday, September 19, 2017

By: Clare Connection

Today’s senior living communities offer more services and amenities than ever, with perks that range from the convenient (like on-site healthcare facilities, transportation, and home maintenance) to the luxurious (like on-site 5-star dining options and indoor pools). Yet despite the seeming allure of many senior living facilities, survey after survey reveals that today’s senior still has a strong desire to stay in their own home for as long as possible, referred to as “aging in place.”

If you are one who feels that you want to stay in your own home, it’s important that you do the appropriate planning. Here are a few important questions that you need to consider to ensure health, happiness, and safety in your home.

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What are the Odds of Needing Long Term Care?

Posted: Wednesday, September 13, 2017

By: Clare Connection

As described on the website of the American Association for Long-Term Care Insurance (AALTCI), your risk of needing long-term care is either 0 percent (you will never need it) or 100 percent (you will need it). This is an oversimplification, but the point is, you should not base your personal retirement plan on averages because your experience may not align with the average. Also, when considering data regarding long-term care, keep in mind that current data is based on previous generations who, on average, did not live as long—nor need as much care—as current and future generations likely will.

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Entry Fee Tax Deductions Explained

Posted: Tuesday, September 5, 2017

By: Clare Connection

Residents of entry-fee retirement communities may be eligible to deduct a portion of the entry fee, and possibly monthly fees, depending on the type of contract offered by the community. 

Here are a few key details to understand:

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A Description of CCRC Contract Types

Posted: Wednesday, August 30, 2017

By: Clare Connection

A Continuing Care Retirement Community, also referred to as a CCRC or Life Plan Community, contractually provides access to a continuum of care to its residents, typically including independent living, assisted living, memory care and/or skilled nursing care. 

New CCRC residents are typically required to be able to live independently upon moving in, but they have peace of mind knowing that the community also provides care services that may be necessary in the future. Yet, all CCRCs are not created equal. Contract types vary from one provider to another. Therefore, it is important to understand what each contract type offers so you can determine which one is best for your situation.

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The Relationship between LTC Insurance and Lifecare

Posted: Thursday, August 24, 2017

By: Clare Connection

A lifecare contract is one of several types of residency contracts offered by continuing care retirementCommunities, also referred to as CCRCs or life plan communities. Such a contract is similar to long-term care insurance (LTCI) in the sense that a resident is buying a contract that limits the out-of-pocket cost for long-term care services that may be required in the future. 

So, if you are considering a lifecare contract should you maintain your LTCI? Since there may be an overlap in coverage between your LTCI policy and the lifecare contract, here are some things to consider:

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Seniors and Technology- Embracing the Digital Age

Posted: Wednesday, August 16, 2017

By: Clare Connection

While seniors are generally considered "late adopters" for most technology, more and more older people are beginning to embrace the digital age. According to Pew Research, almost 60% of American seniors over age 65 are now online, a number that is increasing rapidly each year.

Another recent study by Pew Research on older Americans' use of technology reveals several interesting trends about how many seniors are using the latest gadgets and tools. 

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