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A Millenial Housewife keeping Things Easy in a Budget

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26 Best senior assisted living communities

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There are many living choices available to American seniors, ranging from fully independent living to assisted living and nursing care. Despite the abundance of options, several seniors and their families find it difficult to find a long-term solution. Each individual has unique healthcare needs and priorities, as well as financial and lifestyle limitations. Furthermore, healthcare needs change constantly, and going between facilities can be inconvenient and costly.

Many of these issues can be solved by continuing care retirement communities (CCRCs).

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What is a continuing care retirement community?

CCRCs, commonly defined as life plan communities, enable seniors to “age in place” in a single facility as their health needs vary. Although you can live entirely alone in a condo at first, nursing care, assisted living, as well as other facilities, are available if and when they are needed.

CCRCs, unlike many other retirement options, understand that most seniors want to remain comfortably for as long as possible.

In most cases, a CCRC resident will rent or buy a condo within the city, which offers a variety of accommodation sizes and types. A tiered pricing system and package will be available based on the quantity and type of services required or desired. As the individual ages and their healthcare needs adjust, they will continue to live in the current condo for as long as needed before transitioning to an on-site care facility if necessary.

CCRCs have many advantages over other types of retirement living:

  • Condo living on your own
  • Nursing care is available on-site.
  • Transition that is stress-free
  • Community and familiarity
  • Leisure activities
  • Nursing and healthcare programs
  • Extra services

The programs provided are typically robust and adaptable, with customers able to adjust their program depending on their needs. In addition to nursing and healthcare services, these facilities provide comprehensive housekeeping, transportation, food preparation and delivery, and emergency assistance if needed.

he all-inclusive aspect of these communities is a significant advantage for  senior and their families, as freedom is valued while assistance is available when required.

Continuing care retirement communities types

There are significant variations in the form and standard of treatment provided by CCRCs throughout the United States. While most CCRCs provide 24 hour security and emergency healthcare facilities, there are a variety of care contracts available depending on the setup.

Although CCRC facilities are often associated with life care communities, this comprehensive and often costly level of care is just one of three CCRC types:

  • Type A contracts, also known as life care contracts, offer full lifelong care.
  • Type B contracts, also known as continuing care contracts, offer a modified service for life.
  • Type C contracts, also described as for-service contracts, offer service based on an arrangement.

Fees and services vary greatly between these facilities, as one would imagine. The most significant difference in fees is determined by whether or not you own the apartment in question. ccording to the United States Government Accountability Office, these fees are usually as follows:

  • Type A – Entry fee ranges from $160,000 to $600,000, with monthly fees ranging from $2,500 to $5,400.
  • Type B – Entry fee ranges from $80,000 to $750,000, with a monthly fee ranging from $1,500 to $2,500.
  • Type C – Entry fee ranges from $100,000 to $500,000, with monthly fees ranging from $1,300 to $4,300.
  • Rental contracts: The entry fee is nominal. Monthly fees range from $1,800 to $5,500.

Continue reading to discover Top Continuing care retirement communities in the United States

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