Rhode Island is the smallest state in the US and covers an area of just 1,214 square miles. The state is also called The Ocean State because of its 400 miles of coastline. Although not all of that land is oceanfront, some of that coastline includes the Narragansett Bay. Due to the state’s small size, regardless of where Rhode Islanders live in the state, they are never farther than a 30-minute drive to either the Atlantic Ocean or Narragansett Bay. It may be small but the activities for members of over 55 communities in the state are plentiful.

From beachfront towns to large cities the state has something for everyone. Providence has famed Rhode Island School of Design and Brown University. Providence also hosts the unique arts experience WaterFire. Members of over 55 communities in Rhode Island can also take advantage of the state’s natural beauty via outdoor activities including biking. They can take in the scenery on one of the state’s more than 60 off-roading bicycle paths. Members of the over 55 communities can also visit one of the more than 20 working lighthouses in the area. Block Island is home to 2, Block Island Southeast Light and Block Island North Light.

As far as food goes, the state is known for such local favorites as coffee milk, doughboys and johnnycakes. Not surprising, seafood is also plentiful including Rhode Island style calamari, clam cakes and stuffies.

Rhode Islanders have warm weather during the summer months and cold, wet winters. It’s not unusual for the state to see ice storms and heavy snow during the winter months. The average monthly temperature is 29 ° in January and 71 ° in July.1


Taxes in Rhode Island

Rhode Island has a 7 percent state sales tax. Income is taxed at three different levels. The first is 3.75% for income up $66,200. The next level is 4.75% for taxable income from $66,200 -$150,550. The third is 5.99% for taxable income of $150,550 and above. Social security is partially taxed and Rhode Island’s average property tax rate across the state is $15-$16 per $1,000 of assessed value.

Retirement Communities In Rhode Island

Continuing Care Retirement Communities (CCRC) and Lifecare Communities in Rhode Island offer seniors age 55+ a residence that allows them to be independent and active today but are equipped to provide for their future healthcare needs.

Today’s seniors have many retirement housing options. Deciding where to live is one of the most important and complex decisions one will make. Making these decisions while still healthy can help you avoid difficult and costly situations in the future.

>> Find Continuing Care Retirement Communities in Rhode Island

Options for Retiring in Rhode Island

Continuing Care Retirement Communities (CCRCs) are sometimes referred to as Full Service Retirement Communities or Life Plan communities as they are the only type of retirement community that offer residents independent living when they enter the community with the security of having assisted living and/or skilled nursing care options on site.

Rhode Island CCRCs or Life Plan communities generally offer various accommodations including apartments, townhomes, and cottages. These communities usually include common activity areas such as a restaurant-like dining room, a library, activity and craft rooms, an assisted living facility, and a nursing home. Other amenities often include swimming pools, a fitness center, golf courses, convenience stores, walking trails, gardens, beauty/barber shops, banking services and guest accommodations.

Regulating CCRCs In Rhode Island

CCRCs are regulated at the state level through various divisions such as insurance, financial services, or aging services. Some states choose not to regulate CCRCs. However, the assisted living, memory care, and or nursing units within the CCRC would be separately regulated by the appropriate licensing body. For those states that regulate CCRCs the mandatory requirements and degree of oversight vary dramatically from one state to another. Because of the varying requirements vetting each community individually is the safest way to insure a community is in good standing.

In Rhode Island CCRCs are regulated by the Department of Health.

Selecting A CCRC In Rhode Island

Most CCRCs in Rhode Island have entrance requirements; they vary by location but may include some or all of the following:

  • Entry fee. Note: The entry fee may also help keep monthly services fees lower than they might be at a comparable rental community, and may also help offset the cost of care if later needed.
  • Minimum age requirements
  • Minimum financial qualifications
  • Medical qualification
  • Medicare and possibly a Medicare supplement policy, or a similar private-pay plan.
  • Will, healthcare power of attorney, and durable power of attorney.

Entry Fee Requirements For Rhode Island CCRCs

Most CCRCs or Life Plan Communities in Rhode Island require an entry fee. The entry fee is required for several reasons. First and foremost, it secures a resident’s contractual and priority access to the care they may need while living in the community. The money received from entry fees is also used to help pay down, or limit, the amount of debt required for development, expansion, or long-term capital projects, which keep the community attractive and competitive in the marketplace and also benefits current residents. A portion of the entry fee may go towards an endowment fund set up by the community. An endowment fund is used by many CCRCs- particularly non-profit providers- offer a financial assistance to help ensure that if a resident runs out of money due to a longer than average stay in the healthcare facility, or some other unforeseen circumstance, they will not be forced to leave the community.

Is A Rhode Island Life Plan Retirement Community Right For You?

A CCRC or Life Plan Community in Rhode Island might be a good fit for you or a loved one. You can learn important details about choosing a CCRC on our learn page at myLifeSite.

>> Search for Continuing Care Retirement Communities in Rhode Island

1 Bankrate.com

Updated September 2021