Friday, August 11, 2023

Continuum of Care or Continuum of Income for Owners?

I received one of many requests to contribute to an organization most people over the age of 50 know the "parent" organization, AARP. This is a "separate" entity from AARP and so it has the legal responsibility to file for public review of its annual tax reports to remain a 501C3.

I'm sure you're on many email lists also and see appeals from many sources. 

What do you do? 

If you recognize the name, believe they're "legit" and support their "cause" do you send some money their way?  

Apparently many have because in 2019 they were able to pay their lead person, a salary of well over a million dollars which financially is acceptable and reasonable .  but if all they're doing is "advocating" and not directly providing "in home" services including transportation, food, assistance with tax payments, utilities and other ever increasing and "pushing" all but the very well employed or those with extensive "retirement" funds -- out to "greener pastures" -- meaning living in a "communal" environment...well, you be the judge.

What are they actually doing to directly GIVE to the individuals they "represent"?

Take their latest survey, the "cause" for the email solicitation which asked the question:

How many adults over the age of 65 want to stay in their home as long as they can?

Easy for me; how about you?  90% -- the highest percentage answer --- CORRECT!

Alternative choices now include "upscale" living experiences complete with a $500 to $5000 (or more) "deposit" to hold a place, to "socialize" with others who have made this decision to "climb on board" and live together -- month to month, independent living, no details of anything other than the drawings, advertising and marketing pictures and verbal bravado available.

Come for dinner, pay a fee, join a "club" where membership is only limited by the number of people they can gather together to agree to "join". It wasn't clear if or how much of any "remainder" could be refunded if after one or two "events" someone decided it wasn't what they expected or wanted.

WHY IS IT THESE PEOPLE BELIEVE we Seniors want to be continuously entertained, joined together at the hip with people we barely know, live together in  "community" in a High Rise development and make this our "forever home" for who knows how long?

It's no longer "Long Term Care' -- it's CONTINUUM OF CARE with bells and whistles you have to see to believe. It's "country club living" -- at least on the outside looking in. It's a "closed club" dependent on those with significant savings/income to afford this "special treatment"

TAKE A CLOSE LOOK AT THAT CONTRACT YOU'LL SIGN -- and better have a lawyer on retainer because many have "clauses" allowing financial adjustments or are very "open ended" -- the words are so general they can usually do or take action in almost any way.

.....  and realize you GIVE UP EVERYTHING YOU HAVE because the cost of entry is the major asset, for most people, their home.

Why is it many people, especially those in their 40's an 50's are so determined to "push" those 65 and older into "Special Older Care Facilities"?


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