Slash Continuing Care Retirement Community CCRC Costs Today

Strategies to Reduce CCRC Costs

One of the most effective ways to reduce CCRC costs is to carefully evaluate the type of contract that best suits your needs. There are generally three types of contracts: Type A (extensive or life care), Type B (modified), and Type C (fee-for-service). Each offers different levels of healthcare coverage and financial commitment. By choosing a contract that aligns with your anticipated healthcare needs, you can potentially lower your overall expenses³.

Another cost-saving strategy is to consider CCRCs in regions where the cost of living is lower. Facilities in rural areas or smaller towns often have lower entrance and monthly fees compared to those in urban centers. Additionally, some CCRCs offer discounts or incentives for early move-ins or for referring new residents, which can further reduce costs⁴.