In a CCRC (also known as a life plan community), residents move between different levels of care on one health care campus as their health needs change. People can live in independent housing or assisted living units, or they can transition into skilled nursing or memory care all within the same community.
Deeper dive
CCRCs are not right for everyone. On the plus side, they offer social engagement and a range of activities and amenities. Dining, housekeeping, transportation, laundry and other services are provided (some for an additional fee). These communities can also offer tremendous peace of mind for both residents and their families or caregivers.
However, they can also be expensive. Residents pay monthly fees and sometimes entrance fees can run into the six figures. Careful financial planning is needed to ensure assets last a lifetime. Many of the contracts can be complex and require applicants to meet certain physical and/or cognitive criteria, according to a review in U.S. News & World Report. Additionally, residents may forfeit some or all of the entry fee or deposit if they decide it’s not a good fit or if the community goes bankrupt. Each state has its own licensing, staffing and accreditation requirements.