Knowledge korea 3

Communities that offer independent residential living as well as assisted living and skilled nursing care. Residents, who almost always start at independent living, can transition between levels of care as their needs and health change without having to move to a different community. This continuity is desirable for a lot of seniors, but it can be costly. CCRCs, which are licensed at a state level, typically offer a payment option that covers life-care services. This option means that when independent living residents require a transition to assisted living or skilled nursing, the CCRC will guarantee the move at a predetermined cost outlined in the CCRC payment agreement. Most CCRCs charge an initial entrance fee that can range widely but averages between $200,000 and $500,000. There’s typically a monthly cost to cover expenses such as dining and utilities as well.