Company Blog

Are you aware of the new revenue recognition standards?

The new standard on revenue recognition relative to contracts with customers was issued by the FASB and IASB in 2014 with subsequent implementation guidance provided in 2015 and 2016. There will be a significant change to how revenue is recognized with expanded disclosure requirements. For CCRCs, some considerations are: *accounting for nonrefundable entrance fees *accounting …

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Are you using an old spreadsheet to calculate entrance fee amortization?

Would it be a benefit if residents could be entered into the database with their associated demographic, entrance fee and contract type information? How do you amortize the nonrefundable portions of the entrance fee for every resident in your community? How do you aggregate the information on a monthly or yearly basis? Is it cumbersome …

Are you using an old spreadsheet to calculate entrance fee amortization? Read More »

Continuing Care Actuaries Hires New Actuarial Consultant

Due to growth in our Life Plan Community (CCRC) and Health Insurance business sectors, Continuing Care Actuaries is pleased to announce the addition of Shelby Meadowcroft. Ms. Meadowcroft will be the newest Actuarial Consultant added to the Continuing Care Actuaries actuarial team. Shelby is a recent graduate of Towson University in Towson, Maryland. Shelby made …

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Dave Bond, of Finksburg, joined the CareFirst of Maryland Board in May.

Dave Bond joined the CareFirst of Maryland Board in May. Bond is the managing partner of Continuing Care Actuaries and has more than three decades of experience with actuarial issues in the commercial and self-funded health insurance industries. A graduate of Temple University, in Pa Bond is a Fellow of the Society of Actuaries, a …

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What is the average life expectancy and what does this mean for your Life Plan Communities (CCRC)?

What is the average life expectancy? What does this mean for your CCRC? A higher percentage of individuals are reaching the age where they would enter a CCRC and when entering, a resident can expect a significant stay at your community. Continuing Care Actuaries can provide a unique demographic data driven life expectancy table to …

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Utilization of Healthcare Center for Life Plan Communities (CCRCs) vs At Home Programs

The defining feature of an At Home program is the ability to provide health care services in a member’s home instead of having them move to an Assisted Living or Skilled Nursing facility. The member benefits by staying in their home where they are most comfortable. This brings services to the population who does not …

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Can the senior service marketplace develop the capacity that the baby boomers need?

The baby boomers are coming!  Between 2011 and 2030, 10,000 baby boomers will celebrate their 65th birthday EVERY DAY.  From 2000 to 2030, the age 75+ market will double.  We are halfway through this period, but most of the growth will be on the backend. The CBO is projecting that spending for Long-Term Services and …

Can the senior service marketplace develop the capacity that the baby boomers need? Read More »

CCRC Actuaries Announces Trade Name Change

CCRC Actuaries Announces Trade Name Change to Continuing Care Actuaries to Reflect Broader Healthcare Commitment June 09, 2016, 08:00 ET from Continuing Care Actuaries (https://continuingcareactuaries.com ) Baltimore, June 9, 2016 – CCRC Actuaries, a national leader in providing actuarial services to Life Plan Communities (CCRCs), healthcare entities, and long-term care insurers, announced today that it is …

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