Continuum of Care

What is a continuing care retirement community?

Continuing care retirement communities (CCRCs) combine independent living with access to on-site health care services for later life, including assisted living, skilled nursing and memory care. Depending on the specific financial agreement, some or all of these services may be guaranteed with an initial deposit and stable monthly fee, providing predictable medical costs for continuing care residents.

senior couple outside chicago theaterStability extends beyond coverage of medical costs. It also means stability of residents’ physical environment—assisted living, memory care and other services are provided on site—and stability of residents’ social environment.

These physical and social connections provide a higher quality of living at any stage of life.

Children of CCRC residents enjoy the peace of mind that comes with knowing exceptional housing, invigorating social environments and high-quality medical care is always available.

For thousands of older adults, CCRCs are a compelling option. More than 750,000 older adults live in CCRCs, according to the American Association of Homes and Services for the Aging. Life care communities provide the most extensive coverage, but they’re not the only type of CCRC agreement.

Choosing to enter a CCRC is a major life decision, and potential residents benefit from knowing all available options. With that in mind, here are some of the most common agreements, including an explanation of what makes life care different:

  • Extensive (Type A): Also known as life care agreements, Type A agreements provide residents with the most complete coverage. The cost of housing, amenities and health care services needed throughout life is included as part of an upfront deposit and stable monthly fee.
  • Modified (Type B): These agreements provide similar access to housing and amenities but cap total coverage of health care services. If a resident exceeds the limit, additional health care costs require out-of-pocket expenditures. Type B agreements sometimes are chosen by residents seeking lower upfront deposits.
  • Fee-for-service (Type C): Type C agreements do not include any coverage of health care costs; they offer access to housing and amenities but do not provide the same security and predictability provided by more comprehensive agreements.
  • Rental agreements (Type D): Rental agreements provide access to a community based on a monthly or annual lease, but they do not ensure access to on-site health care services, even on a pay-as-you-go basis.
  • Equity agreements (Type E): These give residents ownership in shares of a continuing care retirement community. They do not typically include access to health care services. Often, the tax benefits of ownership are an influential factor; however, owners share the risk of fluctuations in real estate prices.

When choosing a continuing care retirement community (CCRC), consider all aspects of a community, from its financial status to location, amenities, quality of care and community culture.

Continuing care retirement at The Clare

senior couple on bench in chicagoPeace of mind is something many people take for granted, but at The Clare it’s one of many unique benefits that living at a life care continuing care retirement community provides.

It comes from having access to quality long-term care services, if ever needed, such as assisted living, memory care and skilled nursing.

At The Clare, residents enjoy a wellness-centered lifestyle that promotes better health and happiness—with physically, intellectually, socially and spiritually fulfilling programs.

The Clare’s continuum of care enables residents to stay in the same community as their needs change over time. This empowers you to secure a long-term plan for your future, with freedom and independence to more fully embrace each day.

Download our guide to senior living to learn more about what’s right for you.