Living Like You’re Dying
Thank you to Ecumen colleague Shelly Cornish for sharing this video with us today. The video is about 10 minutes and it makes a mind do calesthenics. We’re all living. We’re all dying. We’re all empowered.A Happy Easter from Ecumen and Changing Aging.'[youtube]http://www.youtube.com/watch?v=trplwjVwt7g[/youtube]
Technology and the Future of Senior Housing Webcast
Andrew Carle, founding director of the Program in Assisted Living/Senior Housing Administration at George Mason University, will hold an online keynote webcast next Wed., March 26th at 10 a.m. central as part of the McKnight’s Online Expo. Registration is free. You can reserve your spot here. You can read more about technology in senior housing and aging services by visiting our white paper library here.
Even Aspen Needs Senior Housing and Aging Services
People even get old in Aspen, Colorado …Pitkin County, which encompasses Aspen and Snowmass Village, is embarking on a senior housing and services study to determine what kind of senior housing and aging services this ski mecca needs.This quote in the Aspen Times by Ken Canfield, head of the Aspen Steering Committee, sums it up for a lot of people in a lot of American communities:“Our goal is to find a way to provide senior living here so that our longtime residents and those who love the Aspen lifestyle don’t have to move away to retire,” Canfield said. “Just because we’re older doesn’t mean we’re willing to sacrifice the lifestyle and friendships we’ve established here in Aspen.”
Paying for Aging Services - Long-Term Care Savings Plan Modeled After 529 Savings Program
I like Nebraska’s thinking on saving for aging services. What do you think? Taking a leadership role they’ve launched a savings option called The Long-Term Care Savings Plan. Here are some key elements of the first such state plan in the United States:- You can put $1,000 ($2,000 filing jointly) in an account to qualify for savings that’s state-tax free until withdrawn. They’re looking to increase those contribution limits.- When withdrawn they can be used to pay for a multitude of aging services, including home care, nursing care, assisted living, technology and other services.- If the account is not used, and the account holder dies, it can be passed on to a spouse or other family members.- At the age of 50, the account holder can withdraw savings tax-free to pay for long-term care insurance. There are a number of appealing things about Nebraska’s program:- It elevates the importance of planning ahead for aging services and makes you think about how you want to live if you need assistance or care.- It allows you to save money beyond traditional retirement accounts.- It gives you flexibility. You ultimately determine what services your dollars buy.- If you want to buy long-term care insurance, but don’t want to buy it in your 30s and 40s (which the vast majority of Americans don’t), you can use your savings to pay for premiums later in life.- You can pass the accumulated savings to heirs for them to use to pay for aging services, undescoring the need that even though we might come from different generations, we likely all will have the need for some type of assistance and care. And we have to pay for it.
New Quality Indicator Survey (QIS) Tips Whitepaper for Nursing Homes
For our readers who are nursing home professionals: