|Continuing Care Retirement Community (CCRC)
|A continuing care retirement community (CCRC) - also called a life care community, offers a long-term contract that provides for a continuum of care, including independent living, assistance-in-living, and nursing services, all on one campus.
Continuing care retirement communities allow seniors to tailor their service plan to suit their needs, abilities, and preferences. Even though a senior may not require a specific service now, they know that it is there, should the need arise. These services include:
- Assistance-in-living services
- Nursing and other medical services.
To become a member of a CCRC, you pay an initial entrance fee and then you are charged monthly fees for a range of services.
As with any new residence you are contemplating, it's wise to do as much research as possible.
You pay an initial buy-in or entrance fee to become a member of a CCRC and then you are charged monthly fees for a range of services.
- Find out whether or not the CCRC you are considering is accredited by the CARF (Commission on Accreditation of Rehabilitation Facilities). If it is not, you should conduct a thorough review of its services, operations and finances. Orchard Cove is CARF accredited, the gold seal of excellence in our industry.
- Determine if the Continuing Care Retirement Community contract is appropriate for your lifestyle and financial situation. Consult our membership counselors, your attorney or accountant for assistance.
To find out more about Orchard Cove's financing and contract options