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Home - In the News - Page 10

NewsWorthy

A Brand for the Ages

MorningStar News

Discover the latest press releases and media mentions about MorningStar Senior Living. Explore the brand’s newest features, partnerships and headline stories from media outlets across the U.S., highlighting our communities, events and the exceptional hospitality and care we offer seniors.

  • Categories

  • 99-Year-Old MorningStar Resident Completes 3-Mile Hike with Luke5Adventures

    September 06, 2024, Press Releases

    COLORADO SPRINGS, CO (September 6, 2024) — MorningStar at Mountain Shadows resident, Gretchen, has always had a passion for the great outdoors. At 99 years old, her adventurous spirit is as strong as ever. Recently she completed a 3-mile hike in Ute Valley Park in Colorado Springs, thanks to Luke5Adventures, a nonprofit organization offering seniors the chance to engage with the great outdoors. Without hesitation, Gretchen was up for the challenge.

    READ MORE
  • MorningStar of Pasadena Breaks Ground

    September 03, 2024, Media Mentions

    PASADENA, CA (September 3, 2024) - MorningStar Senior Living announced the groundbreaking of a new Independent Living expansion next door to its established community at 951 South Fair Oaks Avenue.

    READ MORE
  • MorningStar Senior Living
    Expands Pasadena Campus

    August 26, 2024, Press Releases

    PASADENA, CA — (August 26, 2024)  MorningStar Senior Living, a leading Denver-based senior living owner/operator, proudly announces the groundbreaking of a new Independent Living expansion adjacent to its established community at 951 South Fair Oaks Avenue.

    READ MORE
  • MorningStar Senior Living of Kirkland Raving Fans Visited by Seattle Seawolves

    July 23, 2024, Press Releases

    KIRKLAND, WA (July 23, 2024) — MorningStar Senior Living of Kirkland, a community for active seniors, received a surprise visit from the Seattle Seawolves prompted by its growing fan base of MorningStar residents.

    READ MORE
  • MorningStar, Haselden Open 160-Unit Seniors Housing Community in Fort Collins, Colorado

    July 22, 2024, Media Mentions

    FORT COLLINS, CO (July 22, 2024) — Co-developers MorningStar Senior Living and Haselden Real Estate Development have opened MorningStar at Old Town, a seniors housing property in Fort Collins. The companies partnered with local landowner and developer J.D. Padilla to develop the asset in Old Town Fort Collins.

    READ MORE
  • Kirkland Senior Living Center a Hub for New Seawolves Rugby Fans

    July 18, 2024, Media Mentions

    KIRKLAND, WA (July 18, 2024) — In Rugby, it’s called a line out – a way to restart the game. But for those at the Iron and Steel Bistro, every line out is their cue to do something else. "We have our cup of tea," joked Bonnie Lee.

    READ MORE
  • MorningStar Senior Living Celebrates Grand Opening of Old Town Community in Fort Collins

    July 17, 2024, Press Releases

    FORT COLLINS, CO (July 17, 2024) — Co-developers MorningStar Senior Living, a fully integrated developer, owner and operator of premier retirement communities, and Haselden Real Estate Development have completed MorningStar at Old Town in Fort Collins, CO. MorningStar and Haselden partnered with local landowner and developer, J.D. Padilla, to create a unique, urban senior living experience in the heart of Old Town Fort Collins.

    READ MORE
  • Can Artificial Intelligence Tech Reduce ‘Silent Falls’?

    July 01, 2024, Media Mentions

    OLD TOWN, CO (July 1, 2024) — Our company has addressed the critical issue of falls through the use of artificial intelligence. Our use of innovative AI technology from SafelyYou is another advance in person-centered care to detect and prevent falls.

    READ MORE
  • They Knew They Had to Win at All Costs

    June 06, 2024, Media Mentions

    CENTENNIAL, CO (June 6, 2024) — John Indergand was 19 when he joined the Army in March 1943, some 15 months after the nation entered World War II.

    READ MORE
  • Annual Conference Turned Mission Trip

    April 16, 2024, Press Releases

    TIJUANA, MEXICO (April 16, 2024) – Marking its 21st year as a senior living developer, owner and operator, MorningStar Senior Living has shaped its brand around a commitment to philanthropic initiatives.

    READ MORE
  • MorningStar Senior Living Celebrates Grand Opening of Holly Park Community in Denver

    April 15, 2024, Press Releases

    DENVER, CO (April 15, 2024) — Co-developers MorningStar Senior Living, a fully integrated developer, owner and operator of premier retirement communities, and Edgemark Development LLC, a national developer and owner of senior multifamily and affordable housing, have completed MorningStar at Holly Park in Centennial, CO.

    READ MORE
  • Building with Purpose: MorningStar Senior Living

    April 01, 2024, Media Mentions

    DENVER, CO (April 1, 2024) — In a free market of goods and services, the best brands are those rooted in mission and heart, ones that intentionally advance ideas essential to shaping a better world. This is the kind of brand MorningStar Senior Living aspires to be.

    READ MORE
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  • Move Made Easy

COMPANION LIVING

MorningStar offers Companion Living in all of our communities, where two unrelated people of the same sex share a suite, whether in independent living, assisted living or memory care.

Not only does this living arrangement enhance life by its camaraderie, it also extends savings.

REVERSE MORTGAGE

When one partner needs assisted living, and the other partner chooses to remain living in a private home, a reverse mortgage may be a good solution to help pay for increased expenses. Without affecting Medicare or Social Security benefits, reverse mortgages allow a homeowner to stay in the home and withdraw from the equity that the couple has built. Mortgage holders get tax-free cash flow as a loan against that equity, a loan that doesn’t need to be repaid until the house is sold or the owner moves out or dies.

Be sure to vet lenders and their terms thoroughly before making any decision. If you would like to be connected to a trusted, licensed reverse mortgage partner, call 888.228.4500.

SELLING THE HOME

The equity built up in a private home is typically a retiree’s largest asset, making the proceeds from selling extremely helpful when transitioning to a senior community. However, selling a home in a timely manner can be challenging and time-consuming. This is especially true when adult children are not living near to assist.

Many families find it helpful to work with a Real Estate Professional experienced with all aspects of selling a senior’s home. From packing and cleaning to listing and selling, ElderLife’s agents are ready to assist with the entire process to simplify a senior transition. To be connected with a local agent, call 888.228.4500.

SOCIAL SECURITY

Approach Social Security (SS) benefits tactically. Historically, it was wise to take SS benefits early and invest them. Today, that’s not necessarily so. Maximized benefits may best be found through delayed retirement credits. Depending on your birth year, benefits increase by 3-8% annually. If you wait until age 70 to collect, that monthly check could increase by 25% or more. And a surviving spouse receives the entirety of that benefit upon the worker’s death, making delayed retirement credits even more valuable. Study the new rules to choose your best course.
Click here for original source info.

MEDICARE

Think of Medicare as health insurance for those 65 years and older, regardless of income. While Medicare never pays for assisted living, it is designed to help fund certain postacute expenses in the first 100 days, namely hospitalization and rehab, as long as the person’s health is improving.
Once you’ve plateaued, Medicare stops paying.

Benefits may be available for home health care, but only if certain conditions are met. Medicare Part A covers hospice (palliative care) for the actively dying, regardless of income, including in a senior living community. Click here for original source info.

In contrast, Medicaid is a federal government program that subsidizes the medical expenses (including certain health services and nursing home care) for low income people of all ages. MorningStar does not accept Medicaid. Click here for more information.

LEVERAGE LIFE INSURANCE POLICIES

Whole life and universal life policies build a reserve of cash through interest-earning excess premiums (known as the policy’s “cash value”). In some situations, life insurance can be a source of ready funds through cash surrender, death benefit loans, accelerating death benefits, life (or viatical) settlements, or even selling the policy on the open market for immediate cash.

Before acting on any of these methods, consult a financial advisor, as there may be tax consequences. Life Care Funding can also help you determine whether a policy can be converted. Click Here

TAX BENEFITS

The IRS allows certain deductions on a federal tax return for the cost of housing and meals of those receiving long-term care in a senior community due to chronic illness or the inability to live alone.

Assisted living residents may qualify for these deductions if a physician certifies that they have been unable to perform at least two activities of daily living (such as eating, bathing or dressing) without assistance for at least 90 days. The same deductions can apply to those who require substantial supervision due to memory impairment.

An adult child paying for a parent’s care may also qualify for the tax deductions, if the child can claim the parent as a dependent. Consult a tax advisor for further information or visit the Internal Revenue Service (IRS) Click Here.

LONG-TERM CARE INSURANCE

Long-term care insurance helps pay for senior care and protect personal assets by covering expenses up to the amounts set forth in the policy. LTC insurance pays for a variety of services in senior communities, and can offer care options that may not be covered through the federal subsidies of Medicare and Medicaid (see below section).

LTC policies can be complex and it may be difficult to understand and activate your policy. If you have questions about your Long-term Care policy, call 888.228.4500 to be connected with an expert for a free policy review.

BRIDGE LOANS

It’s not uncommon for families to be short on funds when transitioning a loved one into a senior community. The ElderLife Bridge Loan allows you to pay for rent and care in the short term while waiting for other funds to come in. Common financial shortfalls include the time that it takes to list and sell a home, or the waiting period before receiving VA Benefits.

The Bridge Loan is designed like a line of credit, bridging the financial shortfall for up to 12 months. The loan is unsecured (no collateral needed) and approved quickly with no penalty for early payoff and affordable interest payments as low as $8 per $1000 borrowed.

To learn more about the ElderLife Bridge Loan, call 888.228.4500 or Click Here.

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