Is continous care retirement living for you?

This article is part of the L4Q Continuous Care Chronicles, a perk available to annual and founding plan subscribers.

Dear Friends,

Life is never static; questions about the next phase kick in unfailingly. We need more than a crystal ball to determine how we’ll manage our unknown futures.

Sometimes the idea of moving to a CCRC - a Continuous Care Retirement Community - comes up for consideration.

A what?

CCRCs are often described as “life plan communities,” offering housing, meals, and a range of amenities along with on-site access to medical and memory care. Think of it as a “one-stop shop” to accommodate changing needs throughout one’s older years.

There are many iterations of CCRCs. They can be non-profit or for-profit organizations. They range from full concierge-like services to trimmed-back living and pay-as-you-go medical coverage. Pricing is commensurate with the offerings.

• Detailed business models of CCRCs and how they might affect your choice

• The organizational structure and basic pros/cons of nonprofit and for-profit CCRCs

• Basic health requirements for entry into a CCRC

• Paying for the CCRC

• Regulatory oversight of CCRCs

• A CCRC checklist

• Links to additional resources.