What is a Continuing Care Retirement Community (CCRC)?

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The population in San Diego County is aging, with many people exploring their options for housing and lifestyle in retirement. One option that is attractive to many older adults is the possibility of moving to a Continuing Care Retirement Community (CCRC).

What is a Continuing Care Retirement Community (CCRC)?

CCRCs are sometimes called “life plan communities,” offering the support and resources older adults need as they move through the stages of aging. This support encompasses daily living assistance, such as dining options, housekeeping, transportation, recreational events,  and more. Additionally, wellness, fitness, and healthcare providers are provided as needed.  A robust activities calendar and resort-like amenities are other features of CCRCs that are attractive to many.

A full range of care options is available at most CCRCs, including everything from independent living to assisted living to memory care to skilled nursing care. The goal is to create a “one-stop” solution so that residents can age in place, even as their needs change.

Moving into a CCRC involves a significant investment of resources, so it is important for potential residents to make an informed decision. According to the California Advocates for Nursing Home Reform (CANHR), “The decision to move into a Continuing Care Retirement Community or not represents one of the most important decisions a person can make in their lifetime. The relationship between a CCRC and a resident is expensive, lengthy, highly personal, and complex.”

Types of CCRC Contracts

When choosing a CCRC, a contract will be established with a promise of care for at least a year or more. The cost and services provided vary depending on the CCRC that is selected and the specific services offered through the contract. Basic contract types include:

  • Life Care: Structured with an annual monthly rate and includes a guaranteed promise of care for life. Services typically include both primary and acute care, as well as nursing home and assisted living care on-site when needed.
  • Modified: The contract is designed with entrance fees and monthly fees, as well as a promise of reduced rates for higher care for a specific period. This option tends to be less expensive compared to a Life Care contract, but the resident bears more of the risk of future care costs. The provider also shares the risk of future costs.
  • Fee-for-Service: Like the modified contract, this option includes entrance fees and monthly fees. Guaranteed access is promised for higher levels of care, but the services are offered at the current market rate, and the resident bears the full risk of these costs.
  • Rental: The rental contract is designed with a monthly fee determined by the level of care that is received.

Is a CCRC Right for You?

Are you shopping for a CCRC? It is essential to understand the pricing structure as well as the level of services that will be provided. Education about your options is the best solution to find the community that is a good fit for your needs. Many consumers also choose to work with an attorney to review CCRC contracts. Our team at Windward Life Care is here to help you find the right solutions for care and housing. Contact us to learn about the available services.

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