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The ABC’s of Continuing Care Retirement Communities

Continuing Care Retirement Communities, also known as CCRC’s, allows seniors to be as independent as they are at home with a peace of mind knowing they will be taken care of in the future. CCRC’s are ideal for those that no longer want to live in remoteness, but prefer an active lifestyle with people in their age group with similar interests. Seniors get an eventful lifestyle full of activities and exercise and really get to enjoy being retired without additional housework. Typically, a new resident moves in independently and signs a contract guaranteeing them access to all levels of care that includes assisted living, memory care, and nursing care. There are three different types of CCRC’s:

A)  A CCRC in which the fee is all-inclusive. In other words, the fees paid give the resident the access to the residency, a plethora of services and amenities, and full access to an on-site health care center providing assisted living, memory support/Alzheimer’s care, and skilled nursing care. Approved individuals sign a “Life Care” contract which entitles them to this continuum of care until the end of their life. And, monthly fees have little or no increase to a higher level of care.

B)  A type of CCRC in which fees cover a limited number of days of care per quarter, and any additional days are at an additional charge to the resident. Additional days are generally billed at market rate and once coverage runs out, couples may be left paying separate monthly fees if both members of a couple require different levels of care.

C)  An “a-la-carte” CCRC in which residents pay a market fee for all care services. These fees will vary depending upon the quality and location of the care center.

There is no time like the present to secure your future. Come by Harbor’s Edge to see why Type A communities are the most beneficial way to secure your retirement years.