What is a continuing care retirement community?

Another type of care facility model is a continuing care retirement community. A continuing care retirement community has what they call an age in place model, where it might be something that you move into when you are completely independent And some of these continuing care retirement communities will have a buy-in model to it, where you will pay an amount where you move in that might be similar to if you were to purchase a home or a condo. And then there will be provisions within your contract where if you start to require care, then they can provide you with assisted living services in the unit that you reside in, all the way up until you need skilled nursing care.

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