All life care communities are continuing care
retirement communities (CCRCs), but not all CCRCs are life care
Sounds like a riddle - but actually, there are some important
similarities and differences between these senior living community
options that you should know about.
Both CCRC retirement communities and life care communities
provide residents with a lifestyle that includes on campus
conveniences, services and amenities, such as banks, beauty salons,
fitness centers and more. Most importantly, both types of senior
living communities can provide residents with a complete range of
lifestyle accommodations, from independent living to assisted
living and skilled nursing care.
The real distinction between a CCRC retirement community and a
life care retirement community comes down to the kind of contract
the community offers. There are generally three types of continuing
care retirement community contracts:
- Extensive contracts: also
called Type-A Contracts,
provide residents with unlimited, lifetime access to independent
living, assisted living and skilled nursing care with little or no
increase in the monthly fee as the result of a need for a higher
level of care.
contracts: provide residents
with a discounted rate for independent living and a limited period
of assisted living or skilled nursing care. Should the resident
need a higher level of care beyond that limited period, they pay a
daily rate for their care.
contracts: also called rental contracts,
provide a lower monthly service fee for independent living
residents, but charge a daily rate to residents needing assisted
living and skilled nursing care services.
The ACTS Life Care Program
All ACTS retirement communities are life care communities. Our
Type-A extensive life care contract assures that your monthly fee
will never increase if a higher level of care is needed at any
one of our communities.
And, because ACTS has the largest network of independently owned
and managed continuing care retirement communities in the United
States, you can visit - or even relocate - to another ACTS CCRC
community, and enjoy all the benefits and conveniences associated
with being an ACTS resident - from meal plans to health care.