Comments on: Are You Putting All Your Eggs in One Long Term Care Basket? http://elderlawtodaypodcast.com/are-you-putting-all-your-eggs-in-one-long-term-care-basket/ Thu, 09 Feb 2012 15:59:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mark http://elderlawtodaypodcast.com/are-you-putting-all-your-eggs-in-one-long-term-care-basket/comment-page-1/#comment-150 Mark Thu, 18 Feb 2010 20:28:47 +0000 http://elderlawtodaypodcast.com/?p=309#comment-150 I appreciate your comments concerning CCRCs, especially your last comment about doing your due diligence when it comes to researching the "best" community. Although Erickson is going through a difficult time and their residents are rightly concerned, not all organizations are in such bad financial shape. In fact, many are very healthy financially. I tell all of my clients to thoroughly research each community they're interested in. Demand a copy of the community's financial disclosure statement -- it should tell you a lot about the organization and how it is managed. Also, it wouldn't hurt if the community is nationally accredited by CARF-CCAC, and has either a 4 or 5 star-rated nursing center as well. Again, this will help you determine how well the organization/community is being managed. As you said, there are no certainties or guarantees in life. You are at some sort of risk no matter where you live. But for many older adults, living in a well-managed, financially stable, customer service-oriented community can be an enjoyable and rewarding place to live for many years. I appreciate your comments concerning CCRCs, especially your last comment about doing your due diligence when it comes to researching the “best” community. Although Erickson is going through a difficult time and their residents are rightly concerned, not all organizations are in such bad financial shape. In fact, many are very healthy financially.

I tell all of my clients to thoroughly research each community they’re interested in. Demand a copy of the community’s financial disclosure statement — it should tell you a lot about the organization and how it is managed. Also, it wouldn’t hurt if the community is nationally accredited by CARF-CCAC, and has either a 4 or 5 star-rated nursing center as well. Again, this will help you determine how well the organization/community is being managed.

As you said, there are no certainties or guarantees in life. You are at some sort of risk no matter where you live. But for many older adults, living in a well-managed, financially stable, customer service-oriented community can be an enjoyable and rewarding place to live for many years.

]]> By: Ben Balsbaugh http://elderlawtodaypodcast.com/are-you-putting-all-your-eggs-in-one-long-term-care-basket/comment-page-1/#comment-136 Ben Balsbaugh Tue, 09 Feb 2010 05:53:34 +0000 http://elderlawtodaypodcast.com/?p=309#comment-136 This is a timely article useful amongst families with loved one's needing assistance and independence at the same time. An independent living, assisted living and nursing home care in one location is a good option. Thank you for sharing this information. This is a timely article useful amongst families with loved one’s needing assistance and independence at the same time. An independent living, assisted living and nursing home care in one location is a good option. Thank you for sharing this information.

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