In today's podcast and over the coming weeks, Nicole will provide a general overview of different housing options for long-term care: Continuing Care Retirement Communities, Assisted Living, Memory Care, and Adult Family Homes
Today she looks at Continuing Care Retirement Communities (CCRCs), also known as Life Plan Communities.
As Nicole shares, "This is really an option for people who are at a stage in their life where they're proactively planning ahead. Maybe they're ready to downsize. They're attracted to that retirement lifestyle, relatively healthy and independent."
You move in to a CCRC as an independent resident and if you need more support over time, there are different levels of care within that building or campus that can support you over a continuum.
CCRCs typically include Independent living, Assisted living, Memory care, and Skilled Nursing. Some include Short-term rehab.
CCRCs are usually high end communities with lots of amenities. They require a buy-in or entry fee. In our area, that could mean a range from $300,000 to $1 million. This is in addition to your monthly maintenance or service fee. Each CCRC offers different contracts. It's important to understand the type of contract, what is covered, and if cost will increase as your needs change.
Additional Reading and Resources:
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today to learn more about your situation and to determine together whether our services are a good fit for your needs.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and Special Projects at Áegis Living.
In today's podcast and over the coming weeks, Nicole will provide a general overview of different housing options for long-term care: Continuing Care Retirement Communities, Assisted Living, Memory Care, and Adult Family Homes
Today she looks at Continuing Care Retirement Communities (CCRCs), also known as Life Plan Communities.
As Nicole shares, "This is really an option for people who are at a stage in their life where they're proactively planning ahead. Maybe they're ready to downsize. They're attracted to that retirement lifestyle, relatively healthy and independent."
You move in to a CCRC as an independent resident and if you need more support over time, there are different levels of care within that building or campus that can support you over a continuum.
CCRCs typically include Independent living, Assisted living, Memory care, and Skilled Nursing. Some include Short-term rehab.
CCRCs are usually high end communities with lots of amenities. They require a buy-in or entry fee. In our area, that could mean a range from $300,000 to $1 million. This is in addition to your monthly maintenance or service fee. Each CCRC offers different contracts. It's important to understand the type of contract, what is covered, and if cost will increase as your needs change.
Additional Reading and Resources:
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today to learn more about your situation and to determine together whether our services are a good fit for your needs.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and Special Projects at Áegis Living.