Skip to content
Healthy Aging Hub

:

Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

4 min

Are lifetime care advance payments tax-deductible? A guide for seniors and families

According to tax experts, a portion of certain lifetime care payments can be tax-deductible as a medical expense. Navigating the rules around whether **are lifetime care advance payments tax-deductible?** requires understanding the specific nature of your contract and applicable IRS guidelines to ensure you maximize your benefits.

Read Healthy Aging
4 min

What is the correct term for old person home?: Understanding Modern Senior Living Terminology

The National Institute on Aging reports that the number of Americans aged 65 and older is projected to nearly double by 2060, making it essential to understand the modern terminology for senior housing. Instead of outdated phrases like "old person home," a variety of precise and respectful terms exist to describe the diverse options available for older adults.

Read Healthy Aging
4 min

What is the downside of living in a retirement community? Navigating the trade-offs

According to a 2023 study, nearly 50% of older adults who considered a move into a retirement community cited cost as a primary concern. Delving deeper into financial commitments, lifestyle changes, and the true meaning of independence reveals the multifaceted answer to the question: What is the downside of living in a retirement community?

Read Healthy Aging
5 min

What's the best age to move into a CCRC? The ultimate guide

While the average entry age for new CCRC residents is in the early 80s, many are discovering that moving earlier offers significant advantages. Making a proactive, rather than reactive, move is often the key to maximizing the social, health, and wellness benefits of a continuing care retirement community (CCRC).

Read Healthy Aging
4 min

What are the negatives of CCRC? A comprehensive guide to the drawbacks

While offering a continuum of care, Continuing Care Retirement Communities (CCRCs) involve a significant financial and emotional investment. A recent report from the U.S. Government Accountability Office highlighted the substantial risks, making due diligence vital to avoid unforeseen challenges and understand the many potential negatives of CCRC participation.

Read Healthy Aging
4 min

What are the disadvantages of CCRC? A detailed look at the challenges and drawbacks.

According to the National Investment Center for Seniors Housing & Care, entrance fees for CCRCs can average over $400,000 in some markets. However, this substantial initial investment is only one piece of the puzzle. To fully understand your options, you must evaluate all potential financial, contractual, and social **disadvantages of CCRC** living.

Read Healthy Aging
5 min

How Much Money Do You Need to Live in a CCRC?

Studies show that over 70% of individuals aged 65 and older will need some form of long-term care in their lifetime. This makes understanding **how much money you need to live in a CCRC** a crucial component of sound retirement planning, going far beyond simple rent and utilities.

Read Healthy Aging
5 min

Are CCRCs Worth the Money? A Financial and Lifestyle Analysis

According to data from the National Investment Center for Seniors Housing & Care, the average CCRC entrance fee was approximately $300,000 as of 2019. This significant upfront cost leads many to question: **Are CCRCs worth the money** when planning for long-term senior care?

Read Healthy Aging
4 min

What Is a Lifetime Care Agreement? A Complete Guide to Personal & Institutional Contracts

Approximately 70% of adults over 65 will require some form of long-term care services or support. This makes understanding and establishing a legal framework for elder care crucial, which is where a **lifetime care agreement** comes in. A lifetime care agreement is a legally binding contract that outlines the care an individual will receive, often from a family member, in exchange for compensation.

Read Healthy Aging
Load More