What to Know About the CCRC: a Continuing Care Retirement Community
“My husband and I have been here for six years and they have been six of the most wonderful years of our lives... Our family is very happy with our living here because they know if we need help it will be here in minutes and much sooner than any of them could be here to see to our needs. Not only has St. Mark Village given us a happier life experience, but also our entire family.” - Barbara K.
As you research senior living community options, you’ll find that most fall into one of two categories: rental retirement communities and continuing care retirement communities (CCRC), also referred to as a “buy in” community. Sometimes these senior living options look quite similar at first, but there are some important details to consider in finding which community suits you best. Read more to learn 6 important differences between the two categories. AARP has also published this article that helps explain how CCRCs work.
Many factors are involved in choosing a senior living community, from the location and amenities to size and reputation. Another consideration is the method of payment—monthly rent, up-front entrance fee, or a combination of both—especially when deciding between life plan communities and rental communities. Read more to learn the facts to consider about rental communities and life plan communities. Seniors Guide also has a really helpful article outlining all the different senior living options and care levels.
With Life Care at St. Mark Village, your care is guaranteed for life—even if your financial situation changes. That’s our promise to you. Choosing Life Care means financial security, value, and peace of mind. Learn more here, including answers to some frequently asked questions about Life Care.
If you’re learning about your options in senior living, you’ve probably found that everyone has their own idea of which lifestyle works best for them. At St. Mark Village, we believe continuing care retirement communities (CCRCs) are an excellent option. Why do so many seniors favor CCRCs? Read more to find out. Kiplinger’s also published an article discussing this very topic and if a CCRC may be right for you. Check it out!
For seniors concerned about the increasing costs of senior living, there is a very bright spot on the horizon—one that guarantees both access to future care needs, as well as protection from rising prices. That bright spot is the option of moving into a continuing care retirement community (CCRC). Read more to find out how CCRCs protect seniors from the increasing costs of care.
A Life Care Community gives you and your family a plan, not only for a continuum of care as your needs change but also for financial security. It is definitely an option you should consider as you do your research on paying for senior living. Read more to find out how Life Care works at St. Mark Village.
Do you find the future security of a Life Care community appealing but are concerned about affording it? Click here for 5 helpful tips to guide you in the planning process when considering if the cost of Life Care is in your budget.
THE SENIOR LIVING TAX ADVANTAGE: THE MEDICAL EXPENSE DEDUCTION FOR CCRC LIFE CARE SENIOR LIVING COMMUNITIES
Of all the benefits of choosing a CCRC Life Care community, there is one that many people don’t know about: a surprising tax advantage that can have a tremendous impact on the affordability of this exceptional senior living option. Learn more about it here. A question was also posed on TurboTax’s website that provided a helpful explanation.
We compiled 12 of the most frequently asked questions people have about CCRC Life Care communities like St. Mark Village. Find out the answers here.
Discover how moving to a continuing care retirement community can be life-changing for you and your entire family, and how it’s more affordable than you may think. Download our free guide, Financial Planning for Retirement Living. Or contact us today.