CCRCs and Life Plan Communities (LPCs) are larger, high-end communities that typically include Independent Living, Assisted Living, Memory Care, and sometimes Skilled Nursing.
Healthy, active adults move into a CCRC as an independent resident. If you need more support over time, there are various levels of care within that building or campus available to provide care.
Care is provided as a continuum. Needing a higher level of care (Assisted Living or Memory Care) often requires moving to another apartment or floor. Some communities offer “flexible licensing,” meaning you can stay in your Independent Living apartment and add Assisted Living services when needed. For Assisted Living and Memory Care, ask to see a “Disclosure of Services” that clearly outlines what the facility does and does not provide.
CCRCs and LPCs offer many amenities and social engagement opportunities. These may include lectures, pool and sports/fitness areas, craft rooms and workshops, movie theatre, organized outings, and trips. You will also typically find a beauty shop, barber shop, and a spa.
CCRCs require a buy-in or entry fee ranging from $300,000 to $1 million. Different contracts dictate what happens to that money if you leave the building or pass away. Monthly rent and any needed care charges are additional. Each CCRC offers different contracts. It’s important to understand the type of contract, what is covered, and how costs increase as your needs change. We advise that an attorney and/or financial advisor review the contract with you, so you understand the terms of the buy-in fee.
Most CCRCs and LPCs have wait lists. A nursing assessment is required and those with pre-existing care and/or cognitive needs may not be accepted. Couples should understand how costs will increase if they require different levels of care and occupy separate apartments.
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Additional Reading
- What is a “life plan community” (aka “CCRC”)? (Aging Wisdom blog article)
- Continuing Care Retirement Communities (CCRCs) (Aging Wisdom podcast episode)
- Navigating Long-Term Care Options (Aging Wisdom blog article)