Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
According to Investopedia, at least 16 Continuing Care Retirement Communities (CCRCs) filed for bankruptcy since 2020, exposing a significant problem. For prospective residents, this makes understanding the major financial, contractual, and lifestyle factors crucial when asking, what is the downside of CCRC?
According to the U.S. Department of Health and Human Services, approximately 70% of people over age 65 will require some form of long-term care. This need for continuous support is precisely what a Continuing Care Retirement Community (CCRC), or Life Plan Community, is designed to address. By offering a full continuum of care on one campus, a CCRC provides a secure plan for the future, allowing residents to age in place as their needs change.
According to a 2022 survey from the National Investment Center for Seniors Housing & Care, the average CCRC entrance fee was over $414,000, underscoring the significant financial commitment involved. Before deciding, it's crucial to understand what are the disadvantages of a CCRC, beyond just the high cost.
Did you know that there are nearly 2,000 Continuing Care Retirement Communities (CCRCs) across the United States? Planning for healthy aging includes understanding what is the role of a CCRC.
According to the National Investment Center for Seniors Housing & Care, there are roughly 1,900 Continuing Care Retirement Communities (CCRCs) nationwide, but the distinct difference between a nursing home and a CCRC remains unclear to many. A nursing home provides high-level, round-the-clock medical care, while a CCRC offers a continuum of care that evolves with a resident's needs, from independent living to skilled nursing, all within one community.
While many assume independent living is exclusively for the elderly, most active adult communities are actually age-restricted to those 55 and older. This fact directly addresses the question: **Is independent living only for seniors?**, revealing a much broader and more flexible reality for many residents and their families.
