A Continuing Care Retirement Community (CCRC) Option for "Aging in Place"

A Continuing Care Retirement Community (CCRC) is residential community for the remainder of one's life, and with an option of services and living situations. Seniors citizens can move between Assisted Living, Independent Living, and Nursing Home Care that is based on changing requirements at every point in time.

What is a Continuing Care Retirement Community?

CCRC allows senior citizens to "age in place," with a flexible accommodation, which are designed to meet all their housing needs and health since these requirements change over times. The residents who are entering CCRC sign a long term contract, which provides for housing, services, and nursing care, generally in one location only, enabling senior citizens to stay in a familiar setting when they grow older.

Many seniors enter into a CCRC contract when they are healthy and active, knowing they can stay in same community and get nursing care, should it become needed. Seniors who invest in a CCRC have sufficiently planned for the housing and care for the remainder of their life and have the financial means to afford it.

A CCRC offers service and housing packages, which allow access to assisted living, independent living, and skilled nursing services. Seniors who are self-governing may live in a single family home, apartment and condominium in Continuing Care retirement complex. In case they need help with  of every day activities (bathing, eating, dressing, and so on), they can be transferred to an assisted living or a skilled nursing facility on the same site. Seniors who opt to live in a CCRC find it assuring that their long-term care requirements are met without any need to relocate.

Non-profit organizations support many CCRC units. These non-profit agencies might set up communities, which cater to an affinity group, including fraternal orders, religious organizations, and ethnic groups. Some CCRCs are not affiliated with any group. Affinity group setups may accommodate specifically Jewish, Episcopalian, Baptist, Christian retirement communities, or even golfers, Quakers, and Masons.

The Difference between Assisted Living and Continuing Care Retirement Communities

Seniors in CCRC contract for a lifetime commitment from CCRC to take care of them, irrespective of future requirements. In contrast, a resident in Assisted Living has no such contract; he or she will move into an Assisted Living facility whenever it becomes necessary, and will start paying only at that point. 

Advantages of a Continuing Care Retirement Community (CCRC) are:

+ There is no moving needed (except to another building in same community). Seniors can continue to maintain relationships with partners, friends and family members;

+ If a senior becomes well again and no longer needs assistance and nursing care, then care ceases, and the person resumes an independent lifestyle in same community.  

A good candidate for a Continuing Care Retirement Community

Virtually any senior can be a good candidate for a Continuing Care Retirement Community. CCRC residents:

Are healthy, independent, and can care for themselves;

Need assistance with every day living; Need skilled care;

Want security of living in a seniors-only community;

Do not want to maintain a house;

Prefer living among their peers;

Have sufficient funds to pay the Continuing Care Retirement Community charges.

Residents commonly pay for entry, or else join the community with a monthly maintenance fee. The entrance costs can be sizable and differ considerably depending on the size and location of the residences. The type of extra services and amenities and the level of financial risk of needing long-term care are deciding factors for overall costs. In addition, there are three basic forms of contracts and fees which may warrant a consultation with a financial planner or an attorney.

An extensive contract provides unlimited long term nursing care with little or an insignificant increase in monthly fees. This is the costliest contract, but it might prove to be the most cost-effective if skilled care is later required.

A modified contract includes specified health care and long term nursing care, beyond which additional fees accrue. Residents may end up paying for medical services and long term care at nursing care rates.

Copyright © OurParents 2009, Reprinted with permission from www.ourparents.com

Continuing Care Retirement Community

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LasVentanasLV | Continuing Care Retirement Community Las Vegas

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