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Some communities are tied to an adjoining, apartment-style independent senior living community. Residents may have the option to rent or buy. Continuing Care: Communities that provide access to independent living communities, as well as assisted living and skilled nursing. Residents can transfer among levels of care as needs change.
The cost of elderly care is downright frightening. From home healthcare to assisted-living facilities and nursing homes, it is not cheap -- and it could make a large dent in your retirement ...
Retirement can be a glorious stage of life for many folks, but it also heralds a time when finances tend to become much tighter since people generally stop working. Retirement at Any Age: Get...
Independent senior living communities, also known as independent living communities, which offer no personal care services; [5] leisure or lifestyle oriented communities or LORCs, which include various amenities; [4] mobile homes or RV's for active adults; [5] subsidized housing for lower income older adults. [6] [better source needed]
Many senior communities also have entrance fees, which is essentially a buy-in and can be quite substantial. According to Simply Senior Living, it can add an additional $30,000 to your bill ...
A continuing care retirement community (CCRC), [1] [2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. [3]
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