CCRCs are self-contained communities that provide various housing options, from homes and townhouses where seniors live completely independently to areas where assistance is provided and the alternative regions where skilled care is provided.
An older person entering the CCRC must be in reasonably good health.
Because the resident desires change over the years, they will move to other CCRC facilities, providing additional care as needed. Since these services are usually included in the first contract, the elderly person or family members do not face sudden decisions during a medical emergency; The continuing care retirement community can adjust to a resident’s life status and automatically provide the necessary care. And since all expenses are negotiated in advance, there are no sudden financial crises either.
CCRCs are typically designed as a campus, with a community center and several different on-site amenities such as exercise equipment, hairdressers, cafeterias, and hobby shops. Most usually prepare group programs and activities, cultivating a sense of community. And most of them offer transport to events and facilities in the vicinity: concerts, sporting events, searches, and more. Half of the residents are not required to participate in any of these activities, but it is usually possible.
When contacting the CCRC, there is always a contract that specifies the terms of payment and the services offered. And some contracts are only paid. Typically, a replacement resident must pay an entry fee in a lump sum that guarantees lifetime housing, specific services, and ongoing monthly payments. In some CCRCs, a tenant may purchase a condominium or co-op through a participation agreement; Monthly fees still apply, and the fee structure may change if a tenant needs to move from an apartment to a nursing home.
These rates will vary considerably. Medicare and Medicaid may cover some medical and nursing services at certified facilities and any private or long-term care insurance you already have. Consider the CCRC; sellers will make it easy for you with their payment options, and you may need to enroll in Medicare or apply for Medicaid if you are on your own.
Many CCRCs seek accreditation through the Continuing Care Accreditation Commission (CARF), an independent, internationally recognized body. CARF encourages health and human service agencies to improve their standards; CARF accreditation is not a one-time “seal of approval” but an ongoing process. CARF establishes long-term relationships with accredited institutions, and CCRC-accredited institutions tend to be more trustworthy and maintain higher standards than those not accredited.