Continuing Care

A continuing care retirement (CCRC), or life care community, provides housing and health-related services to an older person under an agreement effective for the person’s lifetime or a specified period of time.  This living alternative may eliminate the need for moving when the individual’s health and medical needs change.  An essential part of continuing care is the provision that a resident can stay in the community even if he or she needs skilled nursing services.  Some CCRCs require a substantial entry fee or buy-in, which may be forfeited if the person dies or decides to leave.  Most also charge monthly maintenance fees in exchange for a living unit, meals or some health services.  Both types of fees vary greatly among CCRCs, depending on location, size of the unit, services and programs.  CCRCs typically require that the individual be in relatively good health and independent upon entrance.  Those with serious illnesses or limited financial resources may not qualify for admission to this type of community.