How Much Do Continuing Care Retirement Communities (CCRCs) Cost?

Not every senior person can afford to buy a senior apartment or an ECHO home of their own. Adult children can always lend a helping hand financially, but the prices of real estate are on the up and not everyone can manage to make the payments. This is where continuing care retirement communities (CCRCs) come into the picture.

How much do continuing care retirement communities cost? The pricing plans of CCRCs are way different than that of rented apartments. The entrance fee for a CCRC could range from $25,000 to $300,000. It all depends on the facilities the CCRC has to offer. High-end CCRCs demand a higher entrance fee. 

In addition to that, you must pay a monthly fee ranging from $500 to $3,000, which is way more affordable than renting or buying a senior apartment. CCRCs offer the elderly the same facilities any other elderly village can offer. It is basically an elder village with all necessary medical facilities within the same campus. 

Are CCRCs Popular Across the Globe? 

For the past few decades, CCRCs have been a viable option for seniors across the United States. The elderly who cannot afford to buy or rent a specialized senior apartment opt have always been looking for cheaper alternatives. CCRCs are affordable for all. Countries like the United Kingdom and Australia have recently introduced CCRCs for elderly folk. 

What Do the Continuing Care Retirement Communities (CCRCs) Provide?

CCRCs have several types of accommodation, based on individual needs. A healthy senior (or someone with a non-fatal health condition) would typically live in the care home. These units are located far from medical care facilities such as nursing homes, emergency units, etc. 

Furthermore, a CCRC also includes a home with senior folks with dementia. The dementia care accommodation is the biggest unit on the entire campus. Usually, it is dementia-affected folk who need the most care and supervision. 

Additionally, a CCRC also has an extra care unit where occupants with fatal health conditions live. Although they stay independently, a nurse is always available 24×7. The nurse or the supervisor is stationed within the same building. 

Recreation is one of the attractions of the CCRCs. Active seniors can use the jogging track, swimming pool, basketball court, and much more without paying any additional fee. The CCRC is also equipped with community centers and fine dining restaurants— all located within the same campus. 

Are Continuing Care Retirement Communities (CCRCs) Safe?

Residents of CCRCs all across the globe feel safe and secure within the campus. The availability of medical staff and facilities within the campus provides a feeling of safety among the elderly residents. Not only that, but the CCRCs home maintenance staff clean and sanitize the area (including the apartment units). 
The residents do not have to risk personal safety trying to use cleaning equipment such as vacuum cleaners or a mop— a wet floor can be a potential fall hazard. To avoid injuries resulting from falling or slipping, CCRCs implement advanced fall prevention techniques all across the campus.

Leave a Reply

Your email address will not be published. Required fields are marked *