(as of May 26,2023 04:03:10 UTC – Details)
Researching retirement communities for yourself or a loved one can be very confusing. Most seniors will refer to this as their “last move”. The heat is on wading through all the options and information to choose the best community based on their individual situation and circumstances. Your research will include browsing the Internet, calling specific communities of interest based on location and plans they offer, and visiting those communities to see for yourself if they are the one for you. It may sound overwhelming, but it doesn’t have to be. I am a retirement counselor at a Continuing Care Retirement Community (CCRC) and this book is designed to guide you through the selection process. This is a practical guide to understanding and researching a KKRK. The senior living industry is growing rapidly and new communities are popping up on every other corner in neighborhoods across the country. The process of learning each community’s admission requirements, services offered, and financial approval qualifications can be like going back to school all over again. Finding the right type of community to suit your needs and simply scheduling an appointment can be a daunting task. You may not even have any “needs” yet, but are simply trying to understand retirement options and plan for your future responsibilities. Continuing care retirement communities may be a very new concept for you to consider in your retirement research. A CCRC is a community that has all levels of care on the same campus. The journey begins in independent living and should a resident need more services or care, it is an easy transition to move to assisted living, memory care or skilled nursing. The questions you should ask when considering a retirement community are on the following pages. You will learn new terminology and discover more options than you thought to find a solution in your new phase of retirement. You will learn the difference between an access fee CCRC and a rental CCRC. Subscription fee communities offer a component called Life Care. It is a very beneficial option and synonymous with the term asset preservation and is a long term care insurance policy. Your journey at a CCRC will begin in Independent Living. Many residents make the move as early as possible, which is the age of sixty-two, just to enjoy the active lifestyle. There are hundreds of CCRCs across America, each with detailed benefits associated with different plans for access and separate standards of acceptance. That’s right – acceptance. Health assessments will determine if a person is suitable for Independent Living. There is a saying in the CCRC industry, “It’s better to be two years early than two minutes late”. This book is a practical outline of steps to take to find the right community for you. It is designed to help you consider factors that may not have occurred to you and how they may affect your entire family. I will address relevant questions you may want to consider when visiting different CCRCs. The research process involved in finding the perfect community for you or your loved one doesn’t have to be anxiety-inducing. You will feel in control and less overwhelmed if you plan visits to communities you are considering for this important step in your life. Remember, all communities are structured differently. You are doing your own research so ASK QUESTIONS. There are many common questions listed in the workbook section of the book for you to ask the retirement counselors at each community. Retirement Communities 101 is an easy read and more like a narrative than a textbook, so we’ll have some fun along the way. I don’t claim to be an expert on the extensive CCRC industry, but I can promise if you use my suggestions your road to peace of mind will have fewer bumps.
Publisher: Dana Cornwell Bodney (December 31, 2017)
Paperback: 102 pages
ISBN-10 : 0692981071
ISBN-13 : 978-0692981078
Item weight: 3.84 oz
Dimensions: 5 x 0.26 x 8 inches