Need Help with the financial qualification of prospective residents?

Examiner is a financial underwriting software that is an easy-to-use, but highly sophisticated computer model designed to help CCRCs anticipate future fee subsidies by accurately estimating the risk associated with each applicant to the community. The model can be tailored specifically to your community’s fee structure, contracts, refund agreements, services, and costs. Taken into account are the applicant’s age, gender, couple status, health status, choice of apartment, contract terms and more....
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Continuing Care Actuaries 2019 Senior Living Trends

What does the future hold for the industry? As an actuary, I am asked to predict the financial and demographic future of Life Plan Communities every day. However, predicting what will happen from a broader, industry-wide angle is challenging. In this blog, I discuss key predictions for the industry. Some are actuarial in nature, while others are hot topics that I continually run across. I hope you enjoy looking into my crystal ball. Expect Stabilized or Increasing ILU Occupancy Over the last...
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Continuing Care Actuaries Speaking Sessions at the LeadingAge Annual Meeting & Expo 2018

Please join us this year for our LeadingAge presentations: Session 178-P Life Plan at Home Deep Dive Expanding Mission, Market, and Revenue Sunday, October 28 8:00 a.m. – 12:00 p.m. Session 87-A Anatomy of a Life Plan at Home Program: A Member’s Perspective Sunday, October 28, 2018 3:30 p.m. – 5:00 p.m. Session 77-E Maximizing Your Revenue: Pricing, Contract Structure and More Tuesday, October 30 8:00 a.m. – 9:30 a.m.
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Come to see us at Booth #902 at the 2018 LeadingAge Conference

Learn how our amortization software can assist you with the amortization of entrance fees and sales commissions relative to the new revenue recognition standard ASC 606. Learn how our financial underwriting software can assist you with the qualification process for prospective residents. Learn how an At Home Program can expand a sponsoring community's market reach into untapped and diverse populations.
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Are you still using spreadsheets to amortize your entrance fees?

LifeCalc is a software package that collects and analyzes your community’s resident data and allows you to easily create a series of demographic and financial reports. From amortization of entrance fees to population and financial projections, LifeCalc makes the difficult task of following actuarial guidelines straightforward. LifeCalc is designed to enable each community to input assumptions to match your community’s specific needs. *Amortization of Entrance Fees provides annual and monthly ...
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NEED HELP WITH THE QUALIFICATION OF PROSPECTIVE RESIDENTS?

Examiner is an easy-to-use, but highly sophisticated computer model designed to help management anticipate future fee subsidies by accurately estimating the risk associated with each applicant to the community. The model can be tailored specifically to your community’s fee structure, contracts, refund agreements, services, and costs. Taken into account are the applicant’s age, gender, couple status, health status, choice of apartment, contract terms and more. Instead of using life expectancy ave...
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Amortization of Commissions for CCRCs (ASC 606)

With the new revenue recognition standard (ASC 606) any community (Type A, B or C contract) that has an entry fee will have to amortize sales commissions. The paragraphs below are taken from the most recent AICPA Working Draft ( Issue #8-7)that describes the amortization requirements when obtaining contracts.  The Working Drafts are out for public comment so changes are possible. Issue #8-7– Accounting for Contract Costs Expected Overall Level of Impact to Industry Accounting: Minimal Wording...
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Tyler Zentz is promoted to Senior Actuarial Consultant, becomes an Associate of the Society of Actuaries (A.S.A) and a Member of the American Academy of Actuaries (M.A.A.A.)

Continuing Care Actuaries is pleased to announce that Tyler Zentz has been promoted to the position of Senior Actuarial Consultant. Also, Tyler has satisfied all requirements in attaining the designation of Associate of the Society of Actuaries (A.S.A.) and has been accepted as a Member of the American Academy of Actuaries (M.A.A.A.) To many employers, clients, and government leaders, the MAAA designation denotes professionalism and credibility. In order to sign statements of actuarial opinion, ...
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New Year, New Plan, New Future for Your Life Plan Community – An Update on New Revenue Recognition Standard (ASC 606) WEBINAR

Date: Thursday, January 11, 2018 Time: 10–11 a.m. Central time https://www.bkd.com/webinars/2017/new-year-new-plan-new-future-for-your-life-plan-community.htm CPE Credit: One CPE credit in the Auditing field of study may be awarded upon verification of participant attendance. Our webinar will feature insights from: • Kimberly McKay, Chair of the AICPA’s Revenue Recognition Task Force • Brian Todd, BKD National Health Care Tax Leader • Brad Paulis, Continuing Care Actuaries Partner &...
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