What to Expect from a Continuing Care Retirement Community

A Continuing Care Retirement Community (CCRC) is a residential community for older adults that offers a variety of living options and levels of care. These communities typically provide independent living, assisted living, and skilled nursing care all in one location.

Living in a CCRC provides peace of mind knowing that you have access to various levels of care as you age. You can also enjoy a sense of community with other residents and participate in various activities and events. Additionally, CCRCs often offer amenities such as fitness centers, dining options, and transportation services.

CCRCs typically require an entrance fee and a monthly fee. The entrance fee may be refundable or non-refundable, depending on the community. The monthly fee covers services such as maintenance, utilities, and access to healthcare. The type of contract you sign with the CCRC will determine what services are included and how much you will pay.

When choosing a CCRC, consider the location, amenities, healthcare services, and financial stability of the community. It’s also important to tour the community and talk to current residents to get a sense of the atmosphere and lifestyle. Review the contract carefully and consider seeking advice from a financial planner or attorney before signing.

CCRCs can be expensive, but they may be more affordable than paying for healthcare services separately. It’s important to carefully review the fees and contract before making a decision. Some CCRCs offer financial assistance programs or payment plans to make the community more accessible.