Choosing the Right Continuing Care Retirement Community for You

A Continuing Care Retirement Community (CCRC) is a residential community that provides a range of care options for seniors. CCRCs offer independent living, assisted living, and nursing home care all on the same campus, allowing residents to age in place and receive the care they need as their needs change.

When choosing a CCRC, it’s important to consider the location, amenities, and range of care options offered. Look for a community that is convenient to family and friends, has amenities that fit your lifestyle, and offers a full range of care options so you can age in place without having to move to a new community.

CCRCs typically offer three types of contracts: Life Care, Modified Care, and Fee-for-Service. Life Care contracts offer unlimited long-term care at no additional cost, while Modified Care contracts offer a specific amount of care at a discounted rate. Fee-for-Service contracts offer care on an as-needed basis at market rates.

Before choosing a CCRC, it’s important to review the community’s financial statements and speak with current residents and staff members. Look for a community with a strong financial history and reserves, and make sure you understand the community’s refund policy in case you need to leave the community in the future.

To choose the right CCRC for you, consider your current and future care needs, your lifestyle preferences, and your budget. Visit several communities and talk with residents and staff members to get a sense of the community’s culture and atmosphere. And make sure you understand the community’s contract and fee structure before making a decision.