Which Senior Living Community Is Right for You? Part 3: Entry Fee Retirement Communities

Last week, we delved into what characterizes an equity retirement community, as well as possible pros and cons of this senior living option. Prior to that, we examined the characteristics of a rental retirement community. In this third and final installment in our series on the different types of senior living communities, we take a [...]

By |2023-07-21T15:27:06-04:00March 28th, 2023|

How Do CCRC Payment Structures Work?

A continuing care retirement community (CCRC, or life plan community) is a senior living option that offers residents a range of independent living choices but also provides a continuum of long-term care services including assisted living or skilled nursing care if later needed. In addition to the many social and wellness opportunities afforded to CCRC residents, [...]

By |2024-03-07T15:08:03-05:00August 2nd, 2022|

A Closer Look at CCRC Entry Fees

You’ve made the decision that you want to move to a continuing care retirement community (CCRC, also called a life plan community). You’ve crunched the numbers and can afford the monthly service fee, which, according to 2019 NIC guide (sixth edition), averages $3,353 (though of course some are much higher and others much lower, depending [...]

By |2023-08-03T09:23:25-04:00December 21st, 2021|

Are CCRC Refundable Entry Fee Contracts a Good Deal?

According to data collected at myLifeSite, about three quarters of all continuing care retirement communities (CCRCs, or “life plan communities”) require an entry fee, and about 80 percent of these offer a refundable entry fee, with 50 percent and 90 percent refunds being the most popular. It isn’t uncommon for one community to offer a [...]

By |2023-08-05T16:24:10-04:00April 17th, 2017|
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