CCRC Explained

What CCRC means

Continuing Care Retirement Community. ALL levels of care in one place — independent → assisted → memory → skilled nursing. Move once + age in place. Often called "Life Plan" community.

3 contract types

• Type A (Life Care) — pay big upfront ($300K-$2M+) + monthly fee. Care levels included even if you need them later. Most predictable.
• Type B (Modified) — middle ground. Some care discounted, some pay-as-you-go.
• Type C (Fee-for-Service) — pay full market rate as needs change. Lowest entry, highest risk.
• Type A best for those scared of running out of money. Type C for those healthy + DIY budgeters.

Realistic costs

• Entrance fee — $200K-$2M. Refundable 50-90% to estate (depending on contract).
• Monthly fee — $3K-$8K independent, more for higher care.
• Annual increases — 3-6% typical. Lock in early for best rates.
• Healthcare costs — Medicare still pays for medical, CCRC for "non-medical" care.
• Some financial advisors say CCRC = "buying long-term care insurance you don't want to use".

Pros

• Predictable cost (Type A).
• One move — never have to relocate as needs change.
• Spouse can stay even if other goes to memory care.
• Built-in friends + activities.
• Healthcare on-site for emergencies.
• Often more amenities than independent senior community.

Vetting checklist

• How many years operating?
• Owner — non-profit, religious, or corporate?
• Audited financial statements (request).
• Occupancy rate. (Above 85% = healthy.)
• Resident reviews (visit + ask alone).
• State accreditation (CARF International is good signal).
• Refund policy in writing.
• Health care quality at facility level.