A new way to pay for the single biggest expense in retirement

May 27, 2019

  1. Northeast Agent
    Offline

    Northeast Agent Guru

    Posts:
    657
    Likes Received:
    391
    State:
    Pennsylvania
    A new way to pay for the single biggest expense in retirement

    When it comes to long-term-care costs, your options vary with location. There are more than 30 “continuing care at home” offerings across the country, says Karen Skeens, executive director of Goodwin House at Home in Alexandria, Va.

    Contact your state insurance department to see if any of these still-evolving programs exist where you live. But don’t get too excited: Aside from the steep upfront fee, you must be in fairly good health as you may undergo a medical screening to qualify.

    In the past few years, another promising grassroots trend is spreading across America: the so-called village movement. There are now nearly 250 villages in 47 states, where seniors benefit from neighbors who contribute their time and talents.
     
  2. somarco
    Offline

    somarco GA Medicare Expert

    Posts:
    29,403
    Likes Received:
    3,233
    State:
    Georgia
    I read an article recently, don't recall where, about how older, single women are sharing a home. Each pays a portion of the rent. Each take part in household "chores".

    This is not a singular situation. The article gave several examples in different cities.

    Cheaper than living alone. Alternative to "senior" housing developments.
     
    somarco, May 27, 2019
    #2
  3. Northeast Agent
    Offline

    Northeast Agent Guru

    Posts:
    657
    Likes Received:
    391
    State:
    Pennsylvania
    I like the idea of the "village movement." I'm going to inspect this further.
     
  4. somarco
    Offline

    somarco GA Medicare Expert

    Posts:
    29,403
    Likes Received:
    3,233
    State:
    Georgia
     
    somarco, May 28, 2019
    #4
Loading...