AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
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 …