Can Senior Housing Survive without Tax Breaks?

Can Senior Housing Survive without Tax Breaks?

Tax breaks for senior housing projects are widespread nationally and rarely attract opposition. Politicians and developers alike constantly remind us that retired people, w  few exceptions, cannot afford market-rate apartments. A columnist in Buffalo thinks otherwise. David Robinson writing in the Buffalo News cites a study conducted by the University at Buffalo showing that fewer … Continue reading

Why the County Nursing Home Model is Broken

Why the County Nursing Home Model is Broken

Publicly owned nursing have a big problem. But first the good news…they do better on average than their privately owned counterparts. A recent study showed that publicly owned and non-profit nursing homes had less citations and serious deficiencies than the ten largest for-profit nursing home companies. However, at what cost? Literally? This story from the … Continue reading

Is Exercise Always Good for Battling Depression?

Is Exercise Always Good for Battling Depression?

Contradicting conventional wisdom, a British study of elderly nursing home residents showed that moderate exercise does NOT lessen depressive symptoms. The study published in The Lancet by the National Institute for Health Research Health Technology Assessment tracked nearly 1,000 patients in two nursing homes. Nearly half of the residents battled depression and were willing to be … Continue reading

Where are Nursing Homes Most Likely to Close?

Where are Nursing Homes Most Likely to Close?

Managing a nursing home is tough. Managing a nursing home while turning a profit is even tougher. So, when a nursing home does close, it’s hardly a surprise. Nursing homes must adhere to strict state laws that dictate staffing levels. Most nursing homes accept Medicaid which has been reducing payments to nursing homes since 2011. … Continue reading

Does Long Term Care Ins Have a Future?

Most people do not buy LTC  insurance. Several big name providers have gotten out of the business in recent years. Most assisted living communities still list LTC insurance as a way prospects might be able to afford their monthly payments. Recently, the California Public Employees Retirement System (CalPERS) announced an 85% premium hike to their … Continue reading

Today’s Long Term Care Insurance Buyer

Today’s Long Term Care Insurance Buyer

America’s Health Insurance Plans (AHIP) published a study two years ago, tracking long-term care insurance (LTC) buyers between 1990 and 2010. They also compared buyers with the general population. Although most assisted living communities and home care agencies mention LTC insurance as a means to pay for their services, few people buy it. For those interested in … Continue reading

How do Seniors Vote on Local Bond Issues?

How do Seniors Vote on Local Bond Issues?

How do seniors vote when it comes to the local school budget? How should they vote? There are several factors that intersect when considering seniors and school bond issues: Declining birth rates An increasing senior population More seniors aging in place Declining revenue for public schools Shaky consumer confidence School budgets more often pass than … Continue reading