← Glossary

CCRC (Continuing Care Retirement Community)

A campus that sells you all three levels of care — independent living, assisted living, and skilled nursing — bundled into one entry contract.

What they don't tell you

It's a financial product wearing community clothes. You pay a six- or seven-figure entry fee plus monthly dues, and in exchange the campus promises to care for you when your needs change. The good ones work beautifully. The poorly capitalized ones go bankrupt and your entry fee evaporates. Ask for the audited financials before the brochure. Then ask again.

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