Continuing Care Retirement Communities (CCRCs), also now known as Life Plan Communities, combine the programs of independent housing (with supportive services as needed), assisted living and nursing home care emphasizing “wellness,” autonomy and independence. This type of care provides a comprehensive array of services in one location tailored to the resident’s needs, abilities and preferences, and continues to meet those needs in a familiar setting as the resident grows older or as needs change
Recreational activities, educational opportunities, housekeeping, emergency assistance, personal care assistance, meals (including special diets) and health care (including nursing home services) are available. The amount and type of services depends upon the changing health needs of the resident.
The cost (except for nursing home care where Medicare or Medicaid may be available) is met by the resident and/or resident’s family from private funds, and varies depending upon the type of housing and services available. Many CCRC’s require a one-time entrance fee (sometimes partially refundable) and monthly payments thereafter. Some operate on a rental basis without an entry fee. .
Factors to Consider
- Freedom to choose and enjoy expanded life-style without concerns of home maintenance and housekeeping.
- Current living expenses vs the costs of retirement community.
- Refund policy of entrance fee in the event of leaving the community.
- Longevity and history of the retirement community, and/or its sponsor.
- Security in knowing that your future health care and other needs will be met by the same organization for a predetermined monthly payment.
- Services included in the monthly fee, or for an additional charge.
- Health care available on site (physician, dentist, clinic, etc.).
- Personal belongings that may be brought into the community.
- Activity programs, educational opportunities and transportation services.
- Involvement through resident councils and grievance procedures in determining management practices.