A continuing care retirement community (CCRC),[1][2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community.[3] These various levels of shelter and care may be housed on different floors or wings of a single high-rise building or in physically adjacent buildings, such as garden apartments, cottages, duplexes, mid- and low-rise buildings, or spread out in a campus setting. The emphasis of the CCRC model is to enable residents to avoid having to move, except to another level of care within the community, if their needs change.[4]
- ^ Howard E. Winklevoss; Alwyn V. Powell (1984). "Continuing Care Retirement Communities: An Empirical, Financial, and Legal Analysis. Chapters 1 and 2" (PDF). pensionresearchcouncil.wharton.upenn.edu. Retrieved 20 February 2017.
- ^ Powell, Alwyn V (2010). "CCRCs: Actuarial risks not limited to Type A and B contracts" (PDF). avpowell.com. Retrieved 20 February 2017.
Footnote 1. The term CCRC was first coined by Mr. Walter Shur, former Chief Actuary of New York Life Insurance Company, in a Pension Research Council textbook that I co-authored in 1981.
- ^ "Classifications for Seniors Housing Property Types" (PDF). American Seniors Housing Association. Retrieved 11 February 2017.
- ^ Zarem, Jane E. (July 2010). "Today's Continuing Care Retirement Community (CCRC): The strengths of this popular senior living model, its stress points and challenges…and its outlook tomorrow" (PDF). American Seniors Housing Association. CCRC Task Force. Retrieved 11 February 2017.