“California takes top spot as worst state for retirees”

“California takes top spot as worst state for retirees,” by Kathleen Steele Gaivin, McKnights Senior Living

“California and New York are the worst places for retirees to live, due to rising costs, lack of healthcare options and limited choice of retirement communities, according to data from SmartAssetas reported by The Travel. More specifically, older Americans are moving out of Los Angeles, San Diego and New York City in droves, the digital travel publication reported. … Almost a quarter of a million retirees have moved to Arizona and Florida this year to date, according to the SmartAsset data.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

No wonder California eliminated its asset test for Medicaid LTC eligibility. Maybe free nursing home care will keep those disappearing millionaires in the Golden State.