What They Are
A CCRC, also referred to as a life-care community, combines residential accommodations with health services. The purpose of a CCRC is to allow residents to receive the appropriate care across a continuum, from independent living to assisted living and skilled nursing care, as their needs change, without having to leave the retirement community. This ensures that residents will be cared for through end-of-life. CCRCs usually charge residents an entrance fee as well as a monthly payment. The entrance fee may include the cost of purchasing a unit, or it may be a one-time fee in order to join the community.
What to Expect
Continuing care retirement communities span a continuum of care according to the needs of senior residents. Services range from assisted living (which provides some housekeeping, social activities, supervision and assistance with basic activities like personal hygiene, dressing, eating and walking) through skilled nursing care for seniors requiring medical care prescribed by a physician. CCRCs usually charge residents an entrance fee as well as a monthly payment. The community provides housing and defined long-term care services for the life of the resident. Residents may select different options, which are noted in their contracts.
Paying for a CCRC
Paying for a CCRC is decided by the level of care that you require, and where you reside, from independent living to assisted living and skilled nursing care. In independent living, the only option is private payment. Assisted living is not be covered by Medicare, Medigap, Managed Care and Medicaid, but is covered by certain long-term care policies (LTCI) and Veterans Benefits. Skilled nursing is covered by Medicare, Managed Care, Medigap, Medicaid, long-term care insurance (LTCI) and Veterans Benefits.
Read more details on assisted living facility coverage.
Read more details about skilled nursing facility coverage.
Read a detailed description of all types of reimbursements.
Finding and Assessing a CCRC
Gilbert Guide provides national CCRC listings along with information on how to assess assisted living and skilled nursing sections so that you can find a CCRC that will best fit your needs both now and in the future.