Continuing Care Retirement Community (CCRC)
A Continuing Care Retirement Community (CCRC), also known as a life plan community, is a residential community designed to provide a continuum of care for older adults as they age. CCRCs offer a range of housing options and on-site services, accommodating residents' changing needs while promoting an active and engaged lifestyle.
What are Continuing Care Retirement Communities?
Continuing Care Retirement Communities (also known as CCRCs) offer several levels of senior living on one campus. From independent retirement living, through assisted living, and all the way to skilled nursing facility services. One big difference between a CCRC and other communities which have independent and assisted living, is that CCRCs usually require a large buy-in or entrance fee as well as a long-term contract. Sometimes a percentage of the entrance fee is refundable when the resident moves out or passes away. In addition to the entrance fee, residents also pay a monthly fee that is typically lower than at communities which do not require a buy-in. Many CCRCs have a non-profit foundation component that will cover a resident’s costs if they run out of money while they still live there.
Living in a continuing care retirement community (CCRC) offers several benefits for individuals seeking an active and supportive lifestyle as they age. Here are some of the key advantages:
- Comprehensive care that adapts to changing needs.
- Ability to age in place and avoid relocation.
- Vibrant social environment and engagement.
- Maintenance-free living.
- Access to amenities and services within the community.
- Health and wellness programs.
- Financial security with predictable expenses.
- Supportive community and sense of belonging.
CCRCs provide a supportive and active lifestyle, ensuring a continuum of care while promoting social interaction, well-being, and peace of mind.
It’s worth noting that each CCRC may differ in terms of specific offerings, amenities, and contractual arrangements. It’s important to thoroughly research and visit various communities to find one that aligns with your preferences, needs, and financial situation.
Placement and Referral Services are at NO COST to clients.