Continuing Care Retirement Communities (CCRCs) are private pay retirement communities that provide a full range of lifestyle and care options for seniors.
These communities offer independent living, assisted living, and skilled nursing care, allowing seniors to age in place. CCRCs typically require a significant upfront entrance fee and monthly fees, and provide amenities such as fitness centers, social activities, housekeeping, and dining services. CCRCs offer peace of mind to retirees and their families, as they provide a wide range of services and living options over time.
A few question to ask might include:
1. What services and amenities are included in the monthly fee?
2. What is the cost of living in the community?
3. What type of health care plans are available to residents?
These communities might provide a great option for those looking for a secure and comfortable retirement. The types of communities are generally regulated by state departments of insurance. To learn more, contact your insurance or retirement planning professional or download this valuable guide. You'll be glad you did.