I recently met with a new client who commented that she lives in a NORC.
"A what?" I asked.
"A Naturally Occurring Retirement Community," she responded.
She explained that she and her neighbors in the apartment complex where she lives are all getting older. Without a lot of people moving in and out, the facility is taking on the demographics of a retirement community.
We recently received this question from one of our readers:
Since when does a nursing home require that all assets be given to them, including life insurance policies before going on MassHealth? Why should they get every penny while the person is alive and after they die too?