Howard E. Winklevoss and Alwyn V. Powell
Published in 1984, this was the first systematic analysis of Continuing Care Retirement Communities (CCRCs) in the United States. These offered insurance against the costs of long-term care and supplemented coverage of acute healthcare costs paid for largely by Medicare and private insurance. The CCRCs’ unique feature was that they provided this insurance in combination with independent living arrangements that the resident could enjoy as long as health permitted. The study was the first detailed analysis of the actuarial, financial, and legal issues central to protecting CCRCs’ financial soundness and providing for the formation of new communities securing residents’ rights while assuring the perpetuation of the community.
1984 · Richard D. Irwin, Inc. · ISBN 0-256-03125-8
- Order online from Amazon.com
- Download entire book (zip file) [5.7MB PDF]
- Table of Contents and Chapter 1: Introduction
- Chapter 2: An Empirical Survey of CCRCs I
- Chapter 3: An Empirical Survey of CCRCs II
- Chapter 4: Financial Management of CCRCs
- Chapter 5: Actuarial Assumptions Required for Financial Projections
- Chapter 6: Population Projections for CCRCs
- Chapter 7: New Entrant Pricing Theory
- Chapter 8: Actuarial Valuations: Methodology for Determining Fee Adjustments
- Chapter 9: Cash Flow Statements and Case Site Analysis
- Chapter 10: Financial Reporting
- Chapter 11: Financial Management Statements
- Chapter 12: Status of Current Legislation
- Chapter 13: Evaluation of Legislative Options
- Chapter 14: Summary and Conclusions
- Appendices and Index
