Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
Studies show that over 70% of individuals aged 65 and older will need some form of long-term care in their lifetime. This makes understanding **how much money you need to live in a CCRC** a crucial component of sound retirement planning, going far beyond simple rent and utilities.
According to the National Investment Center for Seniors Housing & Care (NIC), the average entrance fee for a Continuing Care Retirement Community (CCRC) was over $414,000 in 2022. This significant upfront financial investment is a major drawback of some continuing care facilities, representing a large portion of a person's life savings. Prospective residents must weigh this cost against the benefits of access to long-term care.
According to industry data, the national median monthly cost of assisted living can be 40% or more than independent living. Understanding **how much more is assisted living than independent living** is crucial for making an informed financial decision for your future or that of a loved one.
According to the National Council on Aging, Original Medicare does not cover the costs of assisted living, a fact that surprises many families planning for senior care. This comprehensive guide explores what Medicare does and does not cover and how to find financial assistance.
