Choosing a Continuing Care Retirement Community
CCRCs are retirement facilities that offer housing, meals, activities, and health care to their residents. These communities appeal to people who are currently in good health, but who worry that they may need nursing care later on. The CCRC and the resident sign a contract which guarantees that the CCRC will provide housing and typically nursing home care throughout the resident's life; in return, the resident pays an entrance fee and a monthly fee. When the resident dies, all or part of the entrance fee may be retained by the CCRC and the CCRC is typically free to assign the resident's apartment to someone else.