Continuing Care Retirement Communities (CCRC) provide a range of services and senior living options in one location, allowing seniors to enjoy familiar settings as they age. As needs changes, seniors can move from Independent Retirement Living to Assisted Living to Nursing Home without relocating to a different facility.
What level of care is provided?
CCRCs can provide basic custodial services, meals, and entertainment for independent seniors, as well as assistance with daily activities, skilled nursing, and other medical services for those in need of more specialized care. Admittance into advanced care programs may be restricted to residents from within the CCRC’s independent living component.
What are the costs?
CCRCs are the most expensive long-term option for seniors. With the wide-ranging services available, there are a variety of contracts tailored to different residents’ needs. Residents typically pay an entrance fee plus monthly fees and have the option of purchasing units. CCRCs require long-term contracts.
What are the payment options?
Many seniors use long-term care insurance policies to pay for CCRCs, and some community’s require residents to carry policies. Other modes of payment include private funds, and in some cases, Medicaid and Medicare.