Continuing Care Retirement Community (CCRC) Explained - What They Are and What to Expect?

What They Arepersonal hygiene, dressing, eating and walking)
A CCRC, also referred to as a life-care community,through skilled nursing care for seniors requiring
combines residential accommodations with healthmedical care prescribed by a physician. CCRCs usually
services. The purpose of a CCRC is to allowcharge residents an entrance fee as well as a
residents to receive the appropriate care across amonthly payment. The community provides housing
continuum, from independent living to assisted livingand defined long-term care services for the life of
and skilled nursing care, as their needs change,the resident. Residents may select different options,
without having to leave the retirement community.which are noted in their contracts.
This ensures that residents will be cared for throughPaying for a CCRC
end-of-life. CCRCs usually charge residents anPaying for a CCRC is decided by the level of care
entrance fee as well as a monthly payment. Thethat you require, and where you reside, from
entrance fee may include the cost of purchasing aindependent living to assisted living and skilled nursing
unit, or it may be a one-time fee in order to join thecare. In independent living, the only option is private
community.payment. Assisted living is not be covered by
What to ExpectMedicare, Medigap, Managed Care and Medicaid, but is
Continuing care retirement communities span acovered by certain long-term care policies (LTCI) and
continuum of care according to the needs of seniorVeterans Benefits. Skilled nursing is covered by
residents. Services range from assisted living (whichMedicare, Managed Care, Medigap, Medicaid, long-term
provides some housekeeping, social activities,care insurance (LTCI) and Veterans Benefits.
supervision and assistance with basic activities like