1 / 2

3 Things You Didn’t Know about Paying for a CCRC

Continuing Care Retirement Community is a way seniors can have different levels of care as per their requirements without having to shift from one community to another. There are 4 different levels of care available at CCRC to meet each individual's needs. For more information visit https://www.wel.org/ or call us on 1-877-824-3935.tttt

retirementcommunitypa
Download Presentation

3 Things You Didn’t Know about Paying for a CCRC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 3 Things You Didn’t Know about Paying for a CCRC As you approach retirement, numerous thoughts engulf your mind regarding your health, safety and more important of all the quality of life you shall be embracing in the years to come. Your health requirements are bound to undergo a significant change as you age and for that, you need special care and attention from those around you. To make things easy for the elderly, the concept of Continuing Care Retirement Community (CCRC) has gained momentum in the last few years.

  2. What is CCRC? Continuing Care Retirement Community is a place where an individual has access to different levels of care without the need of shuttling from one community to the other with the changes in health needs and age. What are the different levels of care available at CCRC? Some of the common levels of care available at CCRC are: Independent living Memory Care Assisted Living Skilled Nursing What are the 3 things to be kept in mind regarding payment in CCRC? 1.Investment that you make stays protected: The contract model is the most common of all the CCRC models. Under this model, the fee doesn’t go up as you travel through the care spectrum. Contracts include the clause on refund and to whom the funds will be returned in case you leave the campus or pass away. 2.CCRC offers a financial advantage: Entrance fees that you pay ultimately goes into the maintenance of the community. Directly or indirectly, you pay for your comforts. Once you pay the entrance fees at CCRC, other monthly fees etc gets reduced. 3.Multiple ways of making payment make it affordable: Most of the residents sell their homes and pay the fees or the other way is bridge financing. These methods are affordable and offer security. For more information, talk to us at Wesley Enhanced Living at 1-877-824- 3935!

More Related