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Oct 11, 2025

5 min

How do CCRCs make money? Unpacking the Finances of Continuing Care Retirement Communities

According to the National Investment Center for Seniors Housing & Care (NIC), the average entrance fee for a Continuing Care Retirement Community (CCRC) was approximately $402,000 in 2021, illustrating the significant upfront cost for residents. Understanding the complex revenue streams, including entrance and monthly fees, is crucial for anyone researching **how do CCRCs make money?**

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Oct 11, 2025

6 min

Is CCRC worth it? A Comprehensive Guide to Continuing Care Retirement Communities

According to a 2018 study, CCRC residents reported higher satisfaction and improved well-being a year after moving in compared to those who did not. This raises a key question for many seniors: is CCRC worth it, especially given the significant financial commitment involved?

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Oct 11, 2025

4 min

Are lifetime care advance payments tax-deductible? A guide for seniors and families

According to tax experts, a portion of certain lifetime care payments can be tax-deductible as a medical expense. Navigating the rules around whether **are lifetime care advance payments tax-deductible?** requires understanding the specific nature of your contract and applicable IRS guidelines to ensure you maximize your benefits.

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Oct 11, 2025

4 min

What is the difference between assisted living and continuing care?

Recent studies from sources like the National Institute on Aging highlight the complexity families face when choosing senior living, often leading to confusion. This guide provides clarity on **what is the difference between assisted living and continuing care**, outlining the distinct models, costs, and benefits of each to help you make a confident decision for the future.

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Oct 10, 2025

4 min

What is the difference between a life plan and a CCRC? The Modern Terminology Explained

Following research in 2013, senior advocacy groups began rebranding Continuing Care Retirement Communities (CCRCs) as Life Plan Communities to shift the focus from “care” to “lifestyle.” So, what is the difference between a life plan and a CCRC? The answer might surprise you.

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Oct 10, 2025

5 min

How does independent living work financially? A detailed guide to costs and funding

According to SeniorLiving.org research, the median monthly cost for independent living in the U.S. is over $3,000. Understanding **how does independent living work financially?** is crucial for future residents to budget effectively and explore all available funding sources.

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Oct 10, 2025

5 min

What is the definition of a retirement community?

According to the World Health Organization, healthy aging is defined as maintaining the ability to do the things you find important. A retirement community is a residential option that enables older adults, typically 55 and over, to live an engaging, maintenance-free, and socially connected lifestyle.

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Oct 9, 2025

4 min

What are the different types of senior living facilities?

According to the CDC, over 1 million Americans reside in an assisted living facility alone. As the population ages, understanding **what are the different types of senior living facilities** is crucial for making informed decisions about future care and lifestyle options.

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Oct 9, 2025

5 min

What happens when you run out of money in a CCRC?

Studies show that financial uncertainty is a primary concern for seniors considering long-term care options. Understanding what happens when you run out of money in a CCRC is crucial for securing your future peace of mind and planning responsibly for later life.

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Oct 9, 2025

4 min

What is the difference between CCRC and assisted living? Your Ultimate Guide

With the senior population growing rapidly, many families are faced with complex decisions about long-term care, and confusion between options is common. A fundamental question is, **what is the difference between CCRC and assisted living?** Understanding the distinct models is crucial for informed planning.

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