Active Adult Communities 55+
These communities may be structured as fee simple real estate transaction and include a monthly maintenance fee, similar to condominium living. They offer vacation style living for active seniors. Open floor plans and care free home materials as well as one story design are often the structure of the homes. A variety of social and recreational groups help keep seniors active with a full range of planned events. Usually include a recreation director on site that coordinates groups.
Continuing Care Retirement Communities
Commonly referred to as CCRC’s, they attract seniors that enjoy an independent lifestyle. These communities provide peace of mind for many seniors because if they become ill or have changing needs, their needs will continue to be met under their CCRC contract. The contracts entered into are either referred to as life care or entrance fee. In some cases, free or discounted skilled nursing days are offered as part of the contract. Residents generally pay a lump-sum entrance fee and regular monthly payments. On site in a campus setting, associated nursing or assisted living facilities allow residents to move seamlessly from one level of care to another based on their needs.
Independent Living Communities
These residential communities are ideal for active, older adults that no longer want the responsibility of home ownership. Independent living community services generally include a dining program, housekeeping and maintenance, concierge, garage or covered parking and organized social activities. Staffing includes a management team that is on site. The majority of communities are rental, thus allowing the opportunity to invest income outside of a real estate transaction in the years that seniors may want to increase their typically fixed income. Usually a lease or month to month agreement is entered into, as is typical when renting.
Assisted Living Communities
Assisted living focuses on help with the activities of daily living, commonly referred to as ADL’s. ADL’s include assistance with bathing and medication for example. They are designed for seniors that cannot function in an independent living environment but do not need skilled nursing care on a daily basis. Residents pay monthly rent, and in some cases this may need to be supplemented by fees-for-service. The fees-for-service allow the care plans to be personalized and the resident to not pay for services they do not require. May also include free standing memory care centers, referred to as secured units, in this licensing class.
Nursing & Rehabilitation Centers
Referenced commonly as skilled nursing centers or nursing homes. On site usually are physical and occupational therapy and can include memory care units. Nursing Care Centers provide care to individuals who require specialized care on a regular basis but do not need to be hospitalized. A basic daily rate is charged for fundamental services that every resident receives and additional charges apply for supplemental services. Care is administered by nursing professionals under the direction of a physician. These centers can be utilized for short term stays where residents recuperate and return home. In other instances, chronic on going care is provided. Hospice and palliative care may be offered and available.