Long Term Care Resources

Arbitration Has Come to Senior Living. You Don’t Have to Sign Up.

An arbitration clause is a common addition to a contract that states that, in the case of a future lawsuit, the parties will first proceed with private arbitration. What this does is waive the individual's right to a court trial and, in some cases, prevent individuals from speaking publicly about problems they encounter. You are not required to sign an arbitration agreement. It is always best to consult legal counsel before signing contracts.

Source:

The New York Times

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Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years

Looking forward 10 years NORC, The University of Chicago, finds that 72% of middle-income seniors will have insufficient resources to pay for assisted living.

Source:

NORC, The University of Chicago

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