Today’s baby boomers are living longer than any previous generation, providing plenty of opportunities for older adults to enjoy all that retirement has to offer, such as traveling, pursuing hobbies, and spending time with family.
While many active older adults look forward to this new phase of life, it’s also important to ensure long-term plans are in place. Continuing care retirement communities (CCRC) are a convenient option for those who want to ensure their changing needs are met as they age.
Let’s take a closer look at how a CCRC works and some of the benefits you can expect.
What’s a Continuing Care Retirement Community?
A CCRC provides a continuum of care to older adults, offering a full range of housing options and care services in one location.
- Independent living apartments usually provide housekeeping, maintenance, community dining, and a full range of amenities.
- Personal care support provides assistance with daily living activities such as bathing, dressing, and medication management as needed.
- Skilled nursing care provides short-term, long-term, rehabilitative, and respite care to meet the health needs of residents.
CCRCs are designed so that adults live independently in a private apartment for as long as they wish. As their health changes, they can access the care they need in the same community.
Many of those who choose to move to a CCRC are in good health and capable of living on their own but like the comfort of knowing they have a familiar, stable home no matter when their care needs change. They’re also drawn to community living in a resort-style environment that’s rich in opportunities for recreation and socializing.
Benefits of Independent Living at a CCRC
Some people prefer not to move until it’s absolutely necessary, but independent living at a CCRC offers many benefits. You spend less time maintaining a residence and enjoy convenient services such as dining, housekeeping, laundry, transportation services, security, maintenance, and emergency assistance.
CCRCs typically offer a selection of floor plans and layouts to accommodate individuals and couples, including private studio apartments and multi-bedroom spaces with kitchens, balconies, and in-space storage. Apartments are unfurnished so you can bring in your favorite pieces and make it your home.
Most continuing care retirement communities also provide a full range of amenities and recreation to encourage active living. Riddle Village, for example, has a fitness center, pool, putting green, games room, art studio, woodworking shop, and social calendar of events. Amenities vary by CCRC, so it’s important to consider your lifestyle so you find a community that’s the right fit.
What If My Care Needs Change?
A continuing care retirement community provides worry-free living. Residents can transition from independent living to assisted living or nursing care if needed.
When choosing a CCRC, be clear on the different levels of care provided and what’s included as part of the fees. Some may charge the same rate no matter which level of care a resident moves into, while others may have different fees. It’s also important to know when and how decisions to transition to other levels of care are made.
How Does a CCRC Work?
Most CCRCs require an entry fee and collect monthly fees to cover services and maintenance. Be sure you understand what’s included as part of your fees, as this varies by community. There are three types of contracts.
- Type A (Lifecare or Extensive Contract): Residents pay a monthly fee for housing, residential services, amenities, and a full range of health-related services with little or no increase in payments over time.
- Type B (Modified Contract): Residents pay a monthly fee that covers housing, residential services, amenities, and a set amount of health-related services. Additional services cost extra, and entry fees vary.
- Type C (Fee-for-Service Contract): Residents pay a monthly fee for housing, residential services, amenities, and basic services. Health care services are usually provided on a fee basis. Entry fees may be refundable over time.
Moving to a continuing care retirement community is a big decision but ultimately offers an enriching lifestyle now with the comfort of knowing future needs are taken care of. Be sure to consider what’s important to you, and take the time to find a CCRC that provides the services and amenities you need in a warm, vibrant environment.
Schedule a visit to Riddle Village and discover firsthand why it’s a great place to call home.