Assisted living typically consists of a small apartment with services that may or may not cost extra. An estimated 733,000 people in the U.S. live in an assisted-living facility as of 2010, according to the American Health Care Association’s National Center for Assisted Living. Call them adventurous, call them picky, but some people are venturing outside the stereotypical assisted-living facility. Some options that have received positive reviews: Going abroad for long-term care; building a cottage in a family member’s backyard for the older adult to live; cohousing in a development with a private home, but shared common facilities like a kitchen; and cruise-ship living. Such options come with their fair share of research, legwork and background checks. It could require some negotiation with a long-term-care insurance provider to pay for such alternatives, but newer policies have language about covering “alternative plans of care.”
Here are four strategies for using digital tools to help consumers buy, manage and use the products you sell.
The United State is not near the top of this list.
The amyloid detection test could help researchers measure the impact of any treatments tried.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.