Who lives in continuing care retirement communities?
Residents of a continuing care retirement community (CCRC) are typically healthy, active adults who want security about their future health care. Residents usually must be able to care for themselves in order to gain admittance to a community like Friendship Retirement Community.
How are continuing care retirement communities paid for?
The two most common ways to pay for a continuing care retirement community are with an entrance-fee contract or an equity-based agreement. With an entrance-fee contract, the new resident pays a one-time entrance fee and then monthly fees thereafter. In an equity-based agreement a resident purchases a unit in the community and then pays monthly fees.
How much do continuing care retirement communities cost?
The cost of a continuing care retirement community can vary greatly depending on the type and length of contract, location of facility, and size of residence. The average CCRC entry fee is around $100,000 and the average monthly fee is around $2,500. Contact Friendship Retirement Community for detailed information about costs and payment methods.
Common Services offered by continuing care retirement communities:
Contact Friendship Retirement Community for a complete list of services and activities.
|Parking for residents:||Yes|
|24-hour security gate:||Yes|
|Transportation for residents (shuttle bus or similar):||Yes|
|Cable TV in resident's rooms:||Yes|