|Continuing Care Retirement Community
A continuing care retirement community (CCRC)
is housing planned and operated to provide a continuum of accommodations and
services for seniors, including but not limited to independent living,
congregate housing, assisted living, and skilled nursing care. The resident can take advantage of the full range of services available and
the ease of transfer to a different type of facility as his or her condition
and needs change without needing to look for a new facility, relocate, or
adapt to a new setting - this is referred to as "continuum of care".
For example, the resident may begin in the
independent living residences, move to assisted living as he or she needs
help with activities of daily living, and eventually move to the nursing
home as ongoing care becomes necessary.
resident contract often involves either an entry fee or a buy-in fee in
addition to the monthly service charges, which may change according to the
medical services required. Entry fees may be partially or fully refundable.
The fee is used primarily as a method of privately financing the development
of the project and as payment for future health care. CCRCs are typically
licensed by the state.
Most CCRCs have
restrictions on the age of the person who purchases or leases property
within the retirement community. Typically the minimum age is 55 for acceptance. These
communities vary in terms of the quantity and quality of the activities and
community facilities. They are oriented for active and
independent seniors. They may offer golf, tennis, swimming pools, hiking,
exercise rooms, and a variety of clubs and internet groups.
residents in these communities may depend on outside caregivers contracted
through local home health agencies when their health deteriorates or they
become temporarily disabled.