Congress's continuing care solution.

CONGRESS'S CONTINUING CARE SOLUTION

Given longer life expectancies and the ever-increasing costs of healthcare, Americans are becoming more aware of (and more concerned about) the possible consequences of their own long-term healthcare.

For many people, this analysis should involve consideration of continuing care facilities--retirement facilities that will provide both independent living quarters and long-term skilled nursing care.

Traditionally, the owner of such a facility requires a large initial deposit or entrance fee charged to the individual. Normally, the entrance fee earns no interest and may or may not be refundable. (Refundability is usually …