If you’re considering a move to a Continuing Care Retirement Community (CCRC), you’re probably thinking ahead about your future needs, and that’s a smart choice. CCRCs can offer peace of mind, with options ranging from independent living to more extensive care as needs change. But before you take that next step, it’s important to ask a few questions to make sure the community you’re looking at is the right fit. Here are five key questions you’ll want to ask.
It’s important to know exactly what you’re paying for when considering a CCRC. Ask about what’s included in the fees—are meals, transportation, housekeeping, and utilities covered? You’ll want to make sure you understand what’s included and if there are any extra costs you should be aware of. Depending on the type of contract you choose, there may be additional monthly charges for services like assisted living or healthcare. For instance, if you end up needing nursing care, things like whether you get a private room or a semi-private room can impact those fees.
It’s also critical to understand how your monthly fees might adjust under certain situations. For example, let’s say you live in a double-occupancy independent living residence, and one partner needs to move into assisted living or the healthcare facility—whether temporarily or permanently. What will that do to your fees? Getting clarity on these scenarios up front will help you make a more informed decision and avoid any surprises down the road.
It’s a tough question, but it’s one you need to ask. It’s important to understand what will happen if you outlive your resources. Many CCRCs have plans in place for residents who can no longer afford the fees, like financial assistance programs or “lifecare” options. Ask about the community’s policies in place to help residents stay in the community, even if their financial situation changes.
One of the biggest reasons folks choose a CCRC is for the peace of mind that comes with having access to a full range of care services, all in one place. Since moving to a CCRC is a big financial commitment, it’s crucial to ensure the quality of care meets your expectations, both now and in the years to come.
Be sure to ask about the qualifications of the staff and the training they receive. Inquire about the staff-to-resident ratio, as it can impact the level of attention and care you’ll get. You want to know the community is committed to providing high-quality care for all its residents.
Moving to a CCRC is a major financial decision, and it’s understandable that you’d want to make sure your money is in good hands. Ask about the community’s financial stability and how they manage resident funds. Many CCRCs have strict regulations in place to ensure residents’ money is protected, and some even have third-party audits to provide extra reassurance. It’s important to choose a community that’s financially sound and has a solid plan to safeguard your investment.
You’ll also want to know about the community’s plans for the future. Are they planning to expand or update any facilities? How do they plan to adapt to future healthcare trends? A good CCRC should always be thinking ahead to meet the evolving needs of its residents. By asking about their future plans, you’ll get a better idea of how the community will continue to support you long-term.
Making the decision to move to a CCRC is an important one, and asking the right questions can help ensure you’re choosing the community that best fits your needs. Take your time, ask about the things that matter most to you, and you’ll be on your way to making a confident, informed decision. Whether you’re considering independent living or need more comprehensive care, finding the right CCRC can make all the difference in enjoying your future.
If you’re looking for personalized guidance through this process, I’m here to help. At SilverGate, we offer a wealth of resources, expert guidance, and dedicated support to help you find the perfect CCRC for you or your loved ones.