Continuing Care Retirement Homes: Right for You?

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Continuing Care Retirement Homes: Right for You? : 

Continuing Care Retirement Homes: Right for You?

A tailored experience : 

A tailored experience Continuing care retirement communities (CCRCs) are unique because they are the most flexible senior housing option. Tailor your experience by choosing: What you pay for How and when you pay for those services Whether you’ll own or rent your unit Whether you want a roommate Whether you prefer to live alone Which activities, if any, you choose to partake in What you want to eat Whether you’d like to cook or be served

Things to Consider : 

Things to Consider Location Do you feel comfortable in the neighborhood? Services Most offer all kinds of healthcare, personal care, social and convenience services. Do they offer what is most important to you? Are they offered regularly? Are they included in your fees, or do they cost extra? Amenities What amenities are offered on site? Many have beauty salons, fitness centers, computer rooms, outdoor gardens, patios Do on-site amenities meet your requirements?

More Things to Consider : 

More Things to Consider Quality of care Ask about the community’s plan in the event of a medical emergency or hospitalization Use Nursing Home Compare to look into its service history Cost Can you comfortably afford the entrance or buy-in fee, monthly fees and other regular costs while maintaining your insurance premiums? If it’s a stretch now, it’s not likely to become easier later Community Culture Visit the facility in person Several times, at different times of day Stay a few nights if possible

Additional Considerations : 

Additional Considerations Living Arrangements Would you live alone, with a spouse, or a roommate? Can you choose your roommate? Are you comfortable with the situation? Community’s Financial Status Entering into a contract involves a serious financial investment Community is responsible for demonstrating its ability to weather financial difficulties and meet your increasing needs as you age

Consider Alternatives : 

Consider Alternatives Evaluate independent living or assisted living facilities in your area Compare them against the factors in this presentation A continuing care retirement community isn’t right for everyone It can be a wise investment if it makes sense for you

SeniorHomes.com : 

SeniorHomes.com Information in this presentation provided by senior housing writer Nikki Jong SeniorHomes.com is a free resource for seniors and families searching for housing and care services Visit http://www.seniorhomes.com for more information on senior housing