A Answers (2)
The Rest of Your Life (ROYL) answeredContinuing care retirement communities, or CCRCs, are an increasingly popular, but often complex, retirement living choice among retirees. It is suited for those who are independent today but want to plan ahead for their future housing and healthcare needs. With proper planning, moving to a CCRC should be the last residency decision a person ever has to make, regardless of unforeseen health situations.
Anthony Cirillo, Gerontology, answered
Continuing care retirement (CCR) communities are full service communities offering a long-term contract that provides for a continuum of care, including retirement, assisted living and nursing services, all on one campus. Residents living in the independent or retirement section may have a wellness clinic and an ill resident can call the front desk for help.
There are substantial up front fees associated with these facilities. The good news is that some of the entry fee and part of your monthly fees may be tax-deductible as medical expenses. Monthly fees can vary widely. Medical care may or may not be included in the fee structure.
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