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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.