Continuing Life Communities VP Recommends the Value of Retirement Communities to Combat Social Security and Medicare Woes

Five Advantages Seniors Need to Consider
CARLSBAD, Calif.--(Business Wire)--
Seniors stunned by the news that Social Security recipients will not receive any
increase in their benefits in 2010 and that monthly Medicare premiums could rise
should take another look at continuing care retirement communities, according to
Warren Spieker, vice president of Carlsbad, Calif.-based Continuing Life
Communities LLC.

Recent forecasts from the Congressional Budget Office are predicting no
cost-of-living adjustments for Social Security benefits for the next two or
three years. In addition, one quarter of Medicare recipients are expected to pay
eight percent more each month in monthly premiums in 2010 and 15 percent more in
2011. This rise in health care costs, coupled with the freeze in Social Security
benefits, effectively lowers the amount seniors will receive each month, Spieker
said.

"Our financial program has saved residents from the impact that rising health
care costs and inflation takes on their fixed incomes," he said. "Last year, the
increase in our residents` income from Social Security was higher than the
increase in their monthly fee expense.

"Many seniors have been hit very hard by investment losses and lowered home
values," Spieker said. "Now they have a potential new concern with decreased
Social Security payments. Because of this perfect storm of economic worries, we
are encouraging seniors to take another look at the financial value offered by
continuing care retirement communities."

According to Spieker, Continuing Life`s communities provide:

1 A Home Sale Assistance Program. Seniors can move into one of
Continuing Life’s communities without paying their full entrance fee
while they sell their home. Residents pay the monthly service fee,
which covers dining, transportation, all amenities, and unlimited
lifetime access to the assisted living, skilled nursing and
Alzheimer’s care centers.
2 Substantial tax benefits for those who live in a Continuing
Life or other qualifying Continuing Care Retirement Community (CCRC).
CCRCs that include the cost of nursing care in the financial program
offer residents a tax deduction as a pre-purchased medical care
expense as cited in IRS Ruling 93-72.
3 Protection against rising nursing care costs. Nursing costs
have historically increased much faster than inflation or even the
inflation adjustment benchmarks for long-term care insurance. With
these increases likely to outstrip the fixed incomes of seniors, it’s
a major benefit to have nursing care included in the CCRC program.
4 Freedom from the cost of maintaining two residences. When one
spouse needs assisted living or skilled nursing care, it becomes the
other individual’s responsibility to take care of the home and pay the
high costs for the care unit.
5 Peace of mind for adult children who won’t have to worry about
financing or caring for their aging parents. Adult children are
often squeezed between financing their own retirement and their
children’s education as well as their parents’ health care

For more information on the financial benefits of continuing care retirement
communities, please log onto www.continuinglife.com or call 1-800-849-0023.

About Continuing Life Communities LLC

Continuing Life Communities builds, owns and operates several continuing care
retirement communities in California. Completed communities include La Costa
Glen in Carlsbad, Morningside in Fullerton and University Village in Thousand
Oaks. Projects in development include Stoneridge Creek in Pleasanton, the
Orchards in San Juan Capistrano, and more. The company has built more than $400
million in retirement communities with more in the planning stages.

Hahn Communications
Donna Hahn, 949-458-3983
donna@hahnmarketing.com
or
Continuing Life Communities
Warren Spieker, 760-704-6260
spiekerw@lacostaglen.com

Copyright Business Wire 2009