Holicent
VIP Contributor
Continuing care retirement communities are a type of retirement community that offer long-term care or assisted living services. They can be found in areas where the elderly population is high and there is an aging population, such as in New York City, California, and Florida.
In some cases, continuing care retirement communities are owned by for-profit companies. In others, they are owned by nonprofits. They may also be operated by state agencies or other government entities. Many continuing care retirement communities have amenities such as restaurants and cafes; fitness centers; libraries; swimming pools; gardens; arts and crafts rooms; meeting rooms; group dining rooms; and more.
Another way that continuing care retirement communities differ from nursing homes is that residents do not have to pay for their stay there—instead, it's funded through Medicaid payments or Medicare payments if needed (or both).
In some cases, continuing care retirement communities are owned by for-profit companies. In others, they are owned by nonprofits. They may also be operated by state agencies or other government entities. Many continuing care retirement communities have amenities such as restaurants and cafes; fitness centers; libraries; swimming pools; gardens; arts and crafts rooms; meeting rooms; group dining rooms; and more.
Another way that continuing care retirement communities differ from nursing homes is that residents do not have to pay for their stay there—instead, it's funded through Medicaid payments or Medicare payments if needed (or both).