Continuing Care
Continuing care retirement communities (CCRCs) usually have large campuses that include separate housing for people who live very independently, assisted living facilities that offer more support, and nursing homes for those needing skilled nursing care. Residents can move from one housing type to another depending on their needs, and many CCRCs guarantee lifetime shelter with long-term contracts.[1]
Most CCRCs require an entrance fee--which is sometimes partially refundable--ranging from $20,000 to $400,000 and monthly payments ranging from $200 to $2,500. In some places, residents own their living space, and in others the space is rented.[1]
Since some CCRCs are affiliated with a specific ethnic, religious, or fraternal order, membership to their particular affiliation may be required. The majority of CCRCs require potential residents to have a medical examination, and selected pre-existing conditions may cause a CCRC to refuse an applicant. Some CCRCs require residents to have both Medicare Part A and B.[1]
Continuing care retirement communities are also sometimes called life care communities.
For More Information
Learn more about continuing care communities at Emeritus.
References
1. AARP. (n.d.) Continuing Care Retirement Communities (CCRCs). Retrieved July 2, 2009, from http://www.aarp.org/families/housing_choices/other_options/a2004-02-26-retirementcommunity.html.
