How do continuing care retirement communities work?

A continuing care retirement community (CCRC), also known as a life plan community, delivers independent living and an amenity-rich lifestyle with access to onsite higher-level care should medical needs progress. This continuum of care ensures residents have the stability of remaining in the place they call home.

How much do life plan communities cost?

Entrance fees range from around $100,000 upward, depending on floor plans and residential contracts, or the region where you reside. In addition, Life Plan Communities typically have monthly service fees, ranging from $1,000 to $5,000 or more.

Are CCRCs expensive?

For seniors living on a fixed income, the financial obligations can be a deterrent or eliminate CCRCs as an option altogether. It is, by far, the most expensive option for senior living. All CCRCs require a substantial entrance fee, which can range from the low six-figures to upwards of a million dollars.

What is the difference between assisted living and continuing care?

One of the biggest differences between an assisted living community and a CCRC is that CCRCs allow residents to “age in place”. In assisted living communities, they can provide care and services for residents that can live with a degree of independence.

When to move into a continuing care retirement community?

Once you have decided that a CCRC is the best choice, the time to move into a Continuing Care Retirement Community (CCRC) is when you are healthy enough to live independently and take advantage of the many social and health related activities offered.

How does a continuing care retirement community work?

Continuing care retirement communities specialize in providing a long-term home for aging retirees. Residents can start out in independent living while they’re self-sufficient, then have the option to transition into assisted living and nursing care if needed, without having to relocate to a new facility.

What is CCRC community?

By definition a CCRC, or Continuing Care Retirement Community, is a senior living community that provides multiple levels of care at one senior living community.

What is continue care?

What is Continuing Care. Continuing care refers to monitoring a patient after treatment is complete. It’s a vital piece of the recovery process since we know that recovering addicts are far from healed after 30, 60 or 90 days of treatment.