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Continuing careretirementhomes rightforyou

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  • 1. Continuing Care Retirement Homes: Right for You?
  • 2. 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
  • 3. 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?
  • 4. 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
  • 5. 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
  • 6. 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
  • 7. 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