A Guide to Continuing Care Retirement Communities with Molly Good

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🎙️Welcome to another enlightening episode of the Steadfast Care Planning podcast! In today's discussion, host Kelly Augspurger dives deep into the world of Continuing Care Retirement Communities (CCRCs) with special guest Molly Good, the Regional Marketing Director for Otterbein Senior Life.
✨ This conversation is a must-listen for anyone managing their own later-life planning or aiding a loved one in their journey toward aging gracefully.
🏡 Molly Good offers valuable insights into what CCRCs entail and how they operate. Essentially, CCRCs provide a range of care options that include independent living, assisted living, skilled nursing care, and rehabilitation care within a single community. This arrangement allows residents to 'age in place,' receiving tailored care as their needs evolve, without the upheaval of moving to a new facility at each stage of care.
💡 As our population ages, the conversation around effective, dignified care becomes ever more critical. This episode of the Steadfast Care Planning podcast offers essential insights into navigating this complex arena. It emphasizes thorough planning, diligent research, and ultimately, the peace of mind that comes from knowing you or your loved ones can enjoy a supportive, enriching environment as needs evolve. If you haven't already, make sure to listen to the full episode for a more in-depth understanding and to hear Molly Good’s expert advice on ensuring a smooth transition into CCRCs.
In this episode they covered:
🔹 The importance of planning and not relying on crisis management for later life care.
🔹 The need for family discussions about preferences regarding care and aging.
🔹 Unique benefits of nonprofit CCRCs, including asset security and benevolent care funds.
🔹 Eligibility criteria for CCRCs, including age and financial considerations.
🔹 Various levels of care provided by CCRCs, from independent living to assisted living, and rehab care.
🔹 How to start your CCRC research digitally and the value of personal tours and word of mouth.
🔹 Factors to consider when touring a CCRC: levels of care, ADA requirements, cost structures, leasing periods, and long-term care insurance policies.
🔹 The significance of finding the right community that fits an individual's personality and lifestyle.
To watch this episode: https://youtu.be/uPqgeeMmmow
For more information about Molly Good and Otterbein Senior Life, please visit:
https://otterbein.org
https://www.linkedin.com/company/otterbein-seniorlife
https://web.facebook.com/OtterbeinLebanonSeniorLifeCommunity

#LongTermCare #OtterbeinSeniorLife #SteadfastCarePlanning #CCRC #longtermcareinsurance
For additional information about Kelly, check her out on Linkedin or www.SteadfastAgents.com.
To explore your options for long-term care insurance, click here.
Steadfast Care Planning podcast is made possible by Steadfast Insurance LLC,
Certification in Long Term Care, and AMADA Senior Care Columbus.
Come back next time for more helpful guidance!

Chapitres

1. A Guide to Continuing Care Retirement Communities with Molly Good (00:00:00)

2. Introduction (00:00:01)

3. What is a CCRC? Continuing Care Retirement Communities (00:00:25)

4. CCRC's provide care for a wide range on the continuum of care. (00:01:25)

5. 2 Models: Social model, and medical model for assisted care (00:01:50)

6. CCRC's are not Nursing Homes and there is a wide range of people who live in CCRC's but nursing care can be included for certain residents (00:02:11)

7. Memory care can be provided as well at a CCRC (00:03:04)

8. The importance of "Aging in place" and staying at one location as the levels of care change throughout the aging process (00:03:52)

9. Who is a good candidate for a CCRC? Who is elgible? Age 55 and up? (00:05:31)

10. Different communities will be better for different individuals. Financing is a big part of being accepted into a CCRC. There are age and income quealifications. (00:06:29)

11. Is there an asset surrender? Do you need a lump sum? (00:07:00)

12. The difference between nonprofit and for profit CCRC's (00:08:02)

13. Do you have to enter a CCRC at the independent level or can you enter in at an assisted level of care? (00:08:22)

14. The CLTC Commercial (00:10:13)

15. Where and how do people shop for the right CCRC to join? What are good questions to ask when touring a CCRC? (00:10:41)

16. Start shopping online with websites and testimonials. Word of mouth is a great place to learn more about CCRC's (00:11:40)

17. And then once you are there at the tour, what are some good questions to ask? (00:12:41)

18. Ask about cost, and leasing periods, lump sums. Long-term care insurance policy. (00:13:35)

19. When a person makes a move to a CCRC community, they are likely to live an average of seven healthy years longer than a person that does not live in a CCRC. (00:15:15)

20. Ask about the food and food plans and any extras that are not included with the base price. (00:15:55)

21. AMADA Senior Care Commercial (00:17:24)

22. More about paying for the CCRC (00:17:53)

23. There are often different financial packages to be able to move to a CCRC based on your budget and based on the way that your checkbook rolls out at the end of every month. (00:18:27)

24. How does long-term care insurance come in for a CCRC? (00:21:29)

25. What is a "benevolent care fund"? How does it help? (00:22:36)

26. More about Otterbein a little bit more specifically about locations and future of Otterbein. (00:25:04)

27. Final advice on how people can plan for good health and care to live well. (00:27:08)

28. How to find Otterbein online. (00:28:36)