Page 14 - Talk of Tequesta - September '21
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Page 14, The Talk Of Tequesta


                                                               finanCial foCus




                      Prepare For Health Care Costs In Retirement



                                                                        By Sally Sima Stahl
        It’s unfortunate but true:                      much, if any, of the costs of long-term care, such as an   health care costs in retirement – and enjoying many happy
      As  we  age,  we  encounter                       extended stay in a nursing home. You may want to consult   and rewarding years.
      more health-related issues                        with  a  financial  advisor,  who  can  suggest  options  to     This article was written by Edward Jones for use by
      –  and  they  carry  a  price                     protect you and your family from long-term care costs,   your  local  Edward  Jones  Financial Advisor.  Edward
      tag that can get pretty high                      which can be considerable.                         Jones. Member SIPC.
      in  retirement. Will  you  be                       And, of course, do whatever you can to stay healthy,     Edward Jones, its employees and financial advisors
      ready for these costs?                            before and during your retirement. It’s been shown that   are not estate planners and cannot provide tax or legal
        Perhaps your first step                         exercise  and  a  balanced  diet  can  help  you  feel  better,   advice. You should consult your estate-planning attorney
      in preparing yourself is                          maintain your weight and even reduce the likelihood of   or qualified tax advisor regarding your situation.
      knowing what you may be                           developing some serious illnesses.                   Call me for a free portfolio review at (561) 748-7600,
      facing.  Consider  this:  80                        By making the right financial moves and taking care   Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
      percent  of Americans  65                         of yourself, you can go a long way toward managing your   106, Jupiter, FL 33458.
      and older have a chronic condition and 42 percent live
      with  a  disability,  according  to  the  National  Coalition
      on Aging  and  the  Centers  for  Disease  Control  and   Award Winning Service and Operations
      Prevention,  as  reported  in  a  recent  Edward  Jones/Age
      Wave survey titled Four Pillars of the New Retirement:   Team at La Posada Creates an Elevated
      What a Difference a Year Makes. The study also found
      care and long-term care – concerns that have increased  Experience for Residents
      that retirees’ greatest financial worry is the cost of health
      during the COVID-19 pandemic.
        And health care is likely going to be one of the     La Posada, a Kisco senior living
      largest  expenses  in  retirement  –  the  average  couple   community in the heart of Palm Beach
      might spend $10,000 to $12,000 per year on health care   Gardens, specializes in providing its
      costs. Nonetheless, you can boost your confidence about   residents with a full-service, resort-style
      meeting these costs by making the right moves.      lifestyle. Thanks to a unique approach and
        Here are a few suggestions:                       philosophy centered on the satisfaction
        • Take advantage  of your health savings account.   and peace of mind of residents, La
      If you’re still working, consider contributing to a health   Posada maintains a focus on five-star
      savings account (HSA) if it’s offered by your employer.   service in all areas. Residents have access
      This  account  allows  you  to  save  pretax  dollars  (and   to a variety of luxury amenities and
      possibly earn employee matching contributions), which   conveniences, from chef-prepared meals
      can potentially grow, and be withdrawn, tax-free to help   to concierge services, state-of-the-art
      you pay for qualified medical expenses in retirement.   wellness programs and so much more. It’s
        • Incorporate health care expenses into your overall   this commitment to five-star service that
      financial strategy. As you estimate your expenses in   recently earned La Posada team members
      retirement, designate a certain percentage for health care,   the President’s Tanzanite and Effective  La Posada - gated community in Palm Beach Gardens
      with  the  exact  amount  depending  on  your  age,  health   Team awards from parent company Kisco
      status, income and other factors. You’ll certainly want to   Senior Living.                          recipiency of the Effective Team award for their efforts
      include these costs as a significant part of your planned     The annual awards recognize the individuals and teams   and perseverance over the last year helping residents
      retirement budget.                                  who work diligently each day to make a difference in the   maintain a sense of ease and peace of mind, while
        •  Learn what to expect from Medicare. You  can   lives of the residents and fellow associates around them. This   providing quality service and managing results.
      enroll  in  Medicare  three  months  before  you  turn  65.   impressive achievement is a testament to the high-quality     A key element to La Posada’s success is the
      Before  you  sign  up,  you’ll  find  it  helpful  to  do  some   service that residents, their families, and La Posada staff   community’s commitment to safety and security. These
      research on what Medicare covers, or perhaps even attend   enjoy every day. The President’s Tanzanite award is given to   primary initiatives have long been an integral aspect
      a seminar or webinar. On the most basic level, you’ll need   an associate who goes above and beyond Kisco’s company   of La Posada’s philosophy, and the communities team
      to choose either the original Medicare program, possibly   standards, exemplifies dedication to quality work and   members are trained to ensure that all the worry is taken
      supplemented  with  a  Medigap  policy,  or  Medicare   provides outstanding service to residents. Sebasjon Larsen   out of living an independent lifestyle. At all levels,
      Advantage,  also  known  as  Medicare  Part  C.  Given   received this year’s award for his unwavering commitment   trust and transparency are key components that provide
      all  the  variables  involved  –  deductibles,  copayments,   to each resident and his professionalism at all levels.   residents and their loved ones with confidence. La
      coinsurance, areas of coverage and availability of your                                              Posada continues to proactively prepare, plan, and protect
      personal  doctors  –  you’ll  want  to  choose  your  plan                                           against outside threats to ongoing service delivery. The
      carefully.                                                                                           community follows best-in-class protocols and continues
        •  Protect yourself from long-term care costs. No                                                  to set the standard for keeping its residents and associates
      matter which Medicare plan you choose, it won’t cover                                                comfortably safe and sound.
                                                                                                             Featuring 193
                                                                                                           luxurious independent
                                                                                                           living apartments and
                                                                                                           11 independent living
                                                                                                           cottages, in addition
                                                                                                           to assisted living
                      Answer for                          La Posada Operations Team                        apartments, memory
                                                                                                           care suites and private
                Crossword Puzzle                            “At La Posada, our primary aim is to provide exceptional   rooms for short-term
                                                          service for those who call our community home,” said
                                                                                                           rehabilitation and
                                                          Brad Cadiere, executive director of La Posada. “This   skilled nursing, the
                                                          recognition of our associates from our parent company is   community provides
                                                          one that we don’t take for granted. Our aim is to ensure   opportunities to
                                                          that our residents know we are diligently focused on   strengthen the mind,
                                                          providing them with service that enables them to live and   body and spirit at all  Sebasjon Larsen receives
                                                          enjoy an independent lifestyle every single day. While we   levels of community  President’s Tanzanite Award
                                                          do not work for recognition, it’s an honor to see our team   life.
                                                          acknowledged for all they have done over the course of     “We’re incredibly proud of the vast array of service
                                                          the last year.”                                  and program offerings that we provide to make every day
                                                            The Operations Team, led by Paulina Jacobs and   at La Posada distinctive,” said Cadiere. “We’ve worked
                                                          including  Yolanda Saniago, Marisol  Tassy, Rick   diligently to create a myriad of choices and opportunities
                                                          Minichino, and Bob Kinney, at La Posada’s dedication   for our residents to enjoy. Our community offers the
                                                          was further recognized by the Operations  Team’s   ability to thrive all while living on one’s own terms.”


                                                                      Now is the right time to consider the invigorating environment La Posada offers.
                                                               Schedule your personal tour or RSVP to attend the upcoming Resident Panel Lunch and Learn on
                                                                       September 29 -- call (561) 277-0680 or email LaPosadaRSVP@kiscosl.com.
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