CONTINUED CARE RETIREMENT COMMUNITIES: Meaning & Best US Options in 2022

continued care retirement communities

continuing care retirement communities or life plan communities are a long-term care alternative for older individuals who prefer to stay in the same place throughout the aging process. This study is designed for you to have a thorough understanding of continuing care retirement communities in Florida, in the United States, in PA, in NJ, Luxury and Nonprofit.

Continued Care Retirement Communities

Retirement communities provide varying degrees of accommodation and care based on a senior’s needs and how they change. While still living in the same community, a person can begin living independently in an apartment.  And subsequently, transition to assisted living to receive more assistance with daily tasks or to skilled nursing to receive more medical care.

Understanding Continued Care Retirement Communities

The main advantage of Continued Care Retirement Communities (CCRC) is that they offer a wide range of care, services, and activities in one location. BY providing residents with a sense of stability and familiarity as their abilities or health conditions change. However, this comes with a cost.

According to a study conducted by commercial real estate services firm CBRE, nearly two-thirds of the communities levy an access fee. Moreover, the average initial payment is $329,000, but in some localities, it might exceed $1 million.

After moving in, residents must pay monthly maintenance or service costs ranging from $2,000 to $4,000.

Other continuing care facilities use a leasing arrangement with no upfront costs. Furthermore,  rent for an independent living unit is typically between $3,000 and $6,000 per month.

Top Luxury Continuing Care Retirement Communities in Florida

Florida retirement communities have a lot to offer. From luxurious homes to high-end amenities and fitness centers. Moreover, spending your golden years in this state would give you luxury, style, and a stress-free lifestyle. With that in mind, below are the top luxury Florida continuing care retirement communities.

#1. Pelican Bay: Luxury continuing care retirement communities

This community has two tennis courts, 43 acres of parks and leisure areas, and an Arthur Hills-designed golf course. Similarly,  If you prefer being outside, you should seriously consider retiring to Pelican Bay.

Driving around here is simple because this community has its own public transit system. Moreover,  You may also bike or walk through the magnificent scenery. There are also other pricey restaurants to dine at; nonetheless, the Ritz-Caldron and Naples Grande Resorts are the most popular attractions in Pelican Bay.

The villages: Luxury continuing care retirement communities

The Villages, which began in 1978, grew to become one of the largest age-restricted communities in the United States. It covers more than 20,000 acres and has more than a hundred kilometers of golf courses. This community has everything you could possibly need, from banks to restaurants to movie theaters.

#2. Plantation Bay Golf & Country Club

The Plantation Bay Golf and Country Club assures that its residents retire in luxury, with properties selling for more than a million dollars. Furthermore, to use all of the amenities and dining options at Prestwick Clubhouse and Club de Bonmont. Then you must first obtain a membership, which is available in three levels.

#3. Pelican Landing

Pelican Landing features high-rise condos, villas, and single-family houses. Some of these residences have sunrooms with private pools. Furthermore, art lovers will love Fort Myers because it is home to the Art of Olympians Museum and Gallery. Another great feature of this town is its proximity to the Gulf of Mexico.

#4. Quarry 

 The Quarry Lake Lodge and Beach Club, located on the outskirts of Stone Lake, is a true retirement hideaway. Moreover, it offers a first-rate fitness facility, meeting and game rooms, and tennis courts right next to the lake. The Quarry’s public sections are composed of high-quality materials.

#5. The Palm Beach

Famous sportsmen, entertainers, and some of the country’s wealthiest people have lived in this opulent community. Including Michael Jordan, Tiger Woods, Donald Trump, Jimmy Buffet, Jack Nicklaus, and Olivia Newton-John. As a matter of fact, 18 of Florida’s wealthiest people live in this state.

Continuing Care Retirement Communities in the United States

Continuing care retirement communities differ in many ways, from the price and agreement structure to the site and level of services. Although your options are influenced by your chosen location and budget, most states in the United States have a number of Continuing Care Retirement Communities in United States to pick from.

Let’s look at the best communities in the United States in the following.

#1. ALDERSGATE IN CHARLOTTE, N.C: Continuing care retirement in the united states

Aldersgate is a major institution in Charlotte that offers ongoing care as well as assisted living and independent living. Moreover, residents have a variety of housing alternatives, including flats, condo townhouses, and even detached homes. In addition, residents have access to technology rooms, golf, hiking trails, a pool and spa, transportation, and a party area in addition to a variety of home care and health services.

#2. THE ADMIRAL AT THE LAKE IN CHICAGO, ILLINOIS

This CCRC also provides assisted living and nursing homes. And residents of all ages are sure to appreciate the excellent facilities and strong sense of community. The Admiral at the Lake offers 1, 2, and 3-bedroom apartments, as well as in-room kitchens and a shared dining area. Moreover,  Health services include expert nursing, pharmaceutical management, and physical therapy, as well as cleaning and homecare.

#3. DALLAS, TX’s EDGEMERE: Continuing care communities retirement in the united states

Edgemere provides continuing care beginning at $3,868 a month, as well as assisted living and memory care. Furthermore,  Apartments and companion suites are both offered, with in-room kitchens and communal dining facilities depending on the tenants’ healthcare and food needs. Additionally,  Edgemere has a resident capacity of 91 and offers a variety of on-site and off-site activities.

#4. MOORINGS PARK IN NAPLES, FLORIDA

For persons in all phases of retirement, Moorings Park provides a comprehensive residential and healthcare program. This institution was founded as a non-profit organization by members of Moorings Presbyterian Church in 1977.  And it is today one of the most regarded retirement homes in Southwest Florida. Moorings Park has won numerous honors, including multiple National Mature Media Awards and the prestigious Governor’s Gold Seal Award.

#5. VI AT LA JOLLA VILLAGE IN SAN DIEGO

Vi at La Jolla Village is a nursing home and continuing care complex in San Diego’s retirement hotspot. CCRC price begins at $3,350/month, with 1,2, and 3-bedroom apartments available. With a resident capacity of 415 and a minimum age of 62, this is a substantial institution. Moreover, guests can enjoy a variety of activities and services, including beauty salons, computer rooms, and a pool and spa area. Additionally, n ursing staff is available 24 hours a day, seven days a week at Vi at La Jolla Village.

#6. CARDINAL POINT OF OAKMONT IN OAKLAND, CA

Oakmont of Cardinal Point provides a variety of housing alternatives, such as apartments, studio apartments, and companion suites. Continuing care fees begin at $3,995 per month, including all-inclusive rent and a $2,150 admission fee. This community offers a variety of amenities and services, such as housekeeping, technological integration, and healthcare and financial services. The maximum number of residents is 144, and small pets are permitted.

#7. THE HEARTHSTONE IN SEATTLE, WASHINGTON

The Hearthstone is at a good location and includes a number of clean and welcoming public areas. Furthermore,  Continuing care at this facility begins at $2,233 a month, which is less than many of the other facilities on our list. On-site skilled nursing and physical therapy are offered, as are shared meals if needed or requested. Apartments and studio apartments are offered at The Hearthstone, although companion suites are not.

#8. SEMINOLE, FLORIDA’S LAKE SEMINOLE SQUARE

This long-term care institution provides apartments as well as companion suites. In addition to in-room kitchens, there are several dining alternatives, including 5 dining rooms, 2 private dining rooms, and a cafe with a complete bar. Most importantly, nursing and physical therapy staff are on hand, and the price includes a wide selection of activities and amenities. Lake Seminole has a minimum age of 55, although most CCRCs have a minimum age of 62.

#9. REGAL PALMS IN LARGO, FLORIDA

This neighborhood has a resort-style feel, with large aquariums and tropical fish on-site. Among several amenities are a computer room, a party room, a pool and spa, and a garden and terrace. However, when it comes to living expenses, rent at Regal Palms is all-inclusive. Dressing and grooming, bathing, exercise, memory care, and food preparation are just a few of the services available.

#10. WASHINGTON, DC’S INGLESIDE AT ROCK CREEK

Residents at Ingleside at Rock Creek can participate in a variety of activities, including various intellectual seminars and discussion groups. Moreover, among the amenities are beauty and barbershop, computer room, garden and patio space, pool, and local transportation. Finally, there are a variety of apartment sizes and alternatives available, with occupants able to customize and remodel their living space to their liking.

Non Profit Continuing Care Retirement Communities

Non-profit continuing care retirement communities keep their earnings inside the organization. What differs non-profit continuing care retirement communities from the profit. 

  • Non-profit organization Section 501(c)(3) of the Internal Revenue Code governs CCRCs. A 501(c)(3) organization “must be founded and run entirely for exempt purposes. ” according to the IRS, and “none of its earnings may insure to any private shareholder or individual.” Such groups are commonly referred to as “charitable organizations.” Indeed, many prospective residents are drawn to the concept that their money will be reinvested in the organization.
  • Non-profit Religious or faith-based organizations, as well as fraternal organizations, frequently own CCRCs. This is frequently used as the foundation for a strong mission-based culture that many seniors find appealing.
Read Also: WHAT IS MEDICARE PART C: Medicare Advantage Plans & Costs
  • Most non-profit CCRCs are exempt from paying state property taxes, and some may argue that this cost is passed on to residents.  But it would be difficult to show that across the board. Moreover,  It should be noted that the loss of a non-profit CCRCs property tax exemption could have a substantial impact on the community’s finances.
  • Ascertain if the organization’s board of directors and management teams are properly qualified to lead it. For example, if the board members have experience controlling a church but not necessarily a whole housing and healthcare institution, this could lead to issues in the future. This might happen when a new community is established or when a smaller organization expands to a CCRC model.

Conclusion

continuing care retirement communities or life plan communities are a long-term care alternative for older individuals who prefer to stay in the same place throughout the aging process.

Continued care retirement communities FAQ’s

Are Continuing Care communities worth it?

Another advantage to a CCRC is that, typically, entrance fees make it possible for the community to offer a reduced monthly service fee—so you save monthly compared to charges at other types of retirement communities.

What is the difference between continuing care and assisted living?

One of the biggest differences between an assisted living community and a CCRC is that CCRCs allow residents to “age in place”. Moreover, assisted living communities, can provide care and services for residents that can live with a degree of independence.

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