What do the terms 'Life Plan Community' and 'Continuing Care Retirement Community (CCRC)' mean? Are they different?
These terms are synonyms for a specific type of residential community for older adults (typically those 62 years old and older) that offers independent living residences with contractual access to one or more higher levels of care and services should they ever be needed in the future. Most offer at least three levels of service (independent living, assisted living and nursing care) on one campus. The comprehensive residency agreement covers lifestyle choices (dining venues, interior and exterior maintenance, utilities, social activities, fitness) in an independent home or apartment. Peace of mind and a secure plan for the future are the biggest benefits – as health circumstances change, assisted living, memory care, nursing and rehabilitation are just steps away, allowing residents to age in place in familiar surroundings.