Continuing Care Retirement Communities (CCRC) are homes for people that have retired and need daily care. CCRC retirement communities are often confused with nursing homes. The difference between CCRC homes and nursing homes is that CCRC homes offer various residential care options depending on the level of the disability of the patients. CCRC provides residential services for both independent patients and critically ill patients. Normally, the CCRC homes have recreational amenities such as swimming pools, large green field and etc.
The three residential options include independent living, assisted living and skilled nursing facilities. For example, if you suffer from serious disability problem, you need to go to a skilled nursing home. The skilled nursing homes have professionals that will take care of all your needs. If you have a perfectly functioning healthy body, the independent living home will best suit your needs. If you have a little bit of disability problem, you can move in to the assisted living nursing facility.
Luxury CCRC homes are available for people who want to retire with style. In luxury retirement communities, you will have access to all kinds of luxurious services including fitness center, lavish dining, valet and concierge services. Most people pay the expenses by using the Medicare coverage. There are a number of CCRC homes that take part in the Medicare plan. You should do research on the record of the nursing home before making decision. Before moving in, the CCRC home will demand you to pay a large amount of entry fee. After you have paid the entry fee upfront, you will be required to pay the monthly fee. The average cost of the entry fee is in between $38,000 – $400,000. The monthly fee will cost up to $4000 per month depending on what type of CCRC home you choose.