Can Reverse Mortgages Be Used to Finance CCRCs-Without-Walls?

Several senior living communities across the nation have introduced a continuing care retirement community (CCRC)-without-walls model of care, meaning that seniors can remain in their homes and receive the same continuum of care services they’d get had they moved into a traditional community, using a similar contract structure. While most people entering a traditional CCRC […]

By the Numbers: Finances, Characteristics of Senior Living Community Residents

May is Older Americans Month, and thanks to emerging data collected by the National Center for Health Statistics and Boston College’s Center for Retirement Research, the industry is able to formulate a portrait of the average senior living resident, including age, finances, who’s paying for their care and with what resources. Characteristics of residential care facility residents: […]