Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Retirement Homes and other Retirement topics.

How can I make an informed choice when shopping for a retirement home?

Finding a good retirement home

Many people mistakenly believe that Medicare, which is administered by the Health Care Financing Administration, covers the costs of most long-term care services such as in retirement homes. In reality, Medicare only covers short- term, acute care during a hospital stay. Don't look to Medicare for financing a retirement home; you'll need to work out other forms of financing if you haven't saved enough by the time you need to find a retirement home.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Retirement Tip Site? Request a Tip Now!

Guru Spotlight

Kristle Jones

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!