Tipsheet: Assessing CCRCS

Follow these steps when deciding whether to move to a continuing care retirement community (CCRC):

  • Visit multiple times and sample the food.
  • Talk to residents and their families.
  • Speak with residents’ council leaders about how transparent the CCRC is on financial matters.
  • Research the backgrounds of top executives and board members, and meet with them.
  • Review the CCRC’s structure—nonprofit or for-profit, and whether it’s part of a chain.
  • Scrutinize financial statements, the annual budget, resident contracts, and state disclosure forms.
  • Get a clear breakdown of financial obligations, including monthly fees and potential increases for higher levels of care.
  • Request the facility’s credit rating and details on cash reserves.
  • Inquire about expansion plans.
  • Consult an attorney, accountant, and financial planner.
  • Discuss your options with family and close friends.

Sources: Jefferson’s Ferry Life Plan Community, LeadingAge, Peconic Landing, Gurwin Healthcare System

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Tipsheet: Assessing CCRCS

Follow these steps when deciding whether to move to a continuing care retirement community (CCRC):

  • Visit multiple times and sample the food.
  • Talk to residents and their families.
  • Speak with residents’ council leaders about how transparent the CCRC is on financial matters.
  • Research the backgrounds of top executives and board members, and meet with them.
  • Review the CCRC’s structure—nonprofit or for-profit, and whether it’s part of a chain.
  • Scrutinize financial statements, the annual budget, resident contracts, and state disclosure forms.
  • Get a clear breakdown of financial obligations, including monthly fees and potential increases for higher levels of care.
  • Request the facility’s credit rating and details on cash reserves.
  • Inquire about expansion plans.
  • Consult an attorney, accountant, and financial planner.
  • Discuss your options with family and close friends.

Sources: Jefferson’s Ferry Life Plan Community, LeadingAge, Peconic Landing, Gurwin Healthcare System

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