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Lifestyle

Making a Move: Packing Parties and Other Creative Ideas

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The below article was written by Brad Breeding of myLifeSite and is legally licensed for use.

Recently I had the chance to speak with a couple that lives in a continuing care retirement community (CCRC or “life plan community”) in Virginia. Let’s call them Joe and Becky. They have lived in the CCRC for about three years and said they couldn’t be happier. One thing that has really stood out to them since moving, they explained, was the level of service provided by the staff, which they described as “exceptional.” As we talked more, I asked about their experience in making the move and how they managed to deal with all their “stuff.”

Indeed, dealing with years of accumulated belongings can be daunting. Of course, somebody eventually has to deal with all that stuff, and it doesn’t get any easier as we get older. Click above for some ways that can help make the experience more, dare I say, fun.

Comparing Life Plan Retirement Communities on Price

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In Columbus, and the surrounding central Ohio region, shopping for a life plan retirement community (also referred to as a CCRC or continuing care retirement community) requires a lot of research, and your final decision will be based on many factors–services, location, amenities, reputation, and more–though price is usually one of the most heavily weighted.

Click above to read more.

Peg’s Perspective –The Longevity Project and Conscientiousness

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“Fifty Tips on Aging Well to Celebrate 50 Years of Excellent Service”

As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!

Click above to read tip # 11 of 50 –The Longevity Project and Conscientiousness!

CCRCs: The Purpose of Entry Fees

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The vast majority of Continuing Care Retirement Communities require an entry fee. Naturally, people often ask, “What is the purpose of the entry fee?” Before answering this question it is helpful to understand the history of entry fees.

The CCRC concept began about a century ago when faith-based and other charitable organizations sought to provide lifetime shelter and care for the aged. In exchange for this promise, residents being cared for were usually required to assign most or all of their assets to the organization.  Although well-intentioned, this model was less than scientific and when residents lived longer than expected there often wasn’t enough money on hand to fulfill the organization’s commitment.

In response to the short-coming of this model the idea of entry fees evolved. Rather than collecting the assets of a resident, organizations began establishing minimum entry fees (combined with monthly fees) that were determined to be adequate to cover commitments.

After proving to be more effective, the entry fee model eventually expanded to also offer refundable entry fees. Many prospective residents responded more favorably to this approach because they knew that either they or their heirs would receive back some portion of the entry fee if they ever left the community, or at death.

Today there are over 2,000 CCRCs located throughout the United States offering non-refundable, partially refundable, and fully refundable entry fees. Many providers offer multiple options from which to choose.

So, what is the purpose of an entry fee? Primarily, the entry fee helps secure a resident’s contractual access to a continuum of care. This is why CCRCs are the only type of retirement community providing such a promise to its residents. In recent years more rental-only CCRCs have evolved. However, under a rental contract there is either no contractual promise to provide a continuum of care, or the monthly fee will be higher than a comparable entry fee CCRC.

The money received from entry fees is also used to help pay down, or limit, the amount of debt required for development, expansion, or occasional capital projects, which keep the community attractive and competitive in the marketplace.

Finally, many CCRCs- particularly non-profit providers- offer a financial assistance or endowment fund to help ensure that if a resident runs out of money due to a longer than average stay in the healthcare facility or some other unforeseen circumstance, they will not be forced to leave the community. Of course, this would not apply to any situation where a resident mismanaged or intentionally transferred personal assets in order to receive such support.

The above article was written by Brad Breeding of myLifeSite and is legally licensed for use.

How CCRCs can help couples stay together as they age

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An active, healthy lifestyle can help protect your mind and body from disease and injury—which often leads to a need for long-term care. However, there are no guarantees in life and the question of whether—and how long—you or your spouse may need care remains unknown.

Click above to learn how CCRCs can help couples stay together as they age.

Benefits of Technology for Seniors

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At The Wesley Communities, we understand that technology can be intimidating. It feels like every time we turn around there’s a new phone, app, or device! But we firmly believe that the benefits of technology are worth learning about. Technology can improve three main areas of seniors’ lives. Click above to learn more!

Pricing Structures in Assisted Living

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As seniors or their family members research various assisted living facilities, they will inevitably see statistics showing the average monthly cost of assisted living and other types of care.

These are great tools for getting a ballpark idea of assisted living expenses, but the cost can vary dramatically among different regions, facilities and even among different residents within a facility. Understanding why begins with understanding how pricing works.

Click above for a breakdown of the types of fees you can expect.

The above article was written by Brad Breeding of myLifeSite and is legally licensed for use.

Giving Thanks!

By | Health and Wellness, Lifestyle | No Comments

Happy Thanksgiving! What a wonderful thing!  A whole day dedicated to giving thanks for what we have individually, and as a family or group!

If you are looking for a reason to be thankful, research has shown that being thankful is actually good for your health. Can an “Attitude of Gratitude” really change your health?

Click above to learn more.

Peg’s Perspective: Taking Care of Your Telomeres

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“Fifty Tips on Aging Well to Celebrate 50 Years of Excellent Service”

As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!

Peg’s Perspective:

As we age we all think about many health tips we have learned along the way.  But, emerging research suggests that taking care of our telomeres should be our top priority! Click above to learn why!