What Does a CCRC typically Cost?
My Patient Guide
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Continuing Care
Retirement Communities
101
Continuing Care Retirement Communities are the most expensive long-term-care solution available to seniors. Monthly maintenance fees can range from $400 to $2500 or more. In addition, there are buy-in, or entrance, fees that can range from $20,000 to over $400,000. The fees vary according to:

  • whether the resident owns or rents the living space;
  • the size and location of the residence;
  • the amenities chosen;
  • whether the living space is for one or two individuals;
  • the type of service contract chosen;
  • the current risk for needing intensive, long-term care (seniors who are in good health at the time they sign the contract can expect to pay less).

Because you sign a binding, lifelong contract at the beginning of your Continuing Care Retirement Community residency, it's prudent to seek financial and legal advice as you go about making this important decision. If you break the contract later, you may forfeit the entrance fee. The three types of residential contracts, or fee schedules, are:

  • Life Care/Extensive Contract: provides unlimited long-term nursing care at little or no additional cost for as long as the nursing services are necessary. This type of agreement is the most expensive, but also the least risky for you.
  • Modified/Continuing Care Contract: provides long-term health care or nursing services for a specified period of time. After the specified care period, you are responsible for the additional cost. This contract is the middle-priced one, with medium risk.
  • Fee-For-Service Contract: requires that residents pay separately for all health and medical services and for long-term care. This is the least expensive, but most risky, contract. If you need more extensive care later on, the cost can be very high.


CCRC's
CCRC's