The group suggests if you decide a CCRC is the best option for yourself or a family member, you should visit a few facilities. As you'll be relying on the provider for housing, care and services for the rest of your life, investigating the financial solvency and performance of the provider is a must. Find out if the facility is subject to state licensure and ask to see the most recent inspection reports. The Continuing Care Accreditation Commission is a helpful source as you investigate CCRCs. The CCAC is the only body that accredits CCRCs.
Accreditation is good for five years.
The CCAC's Financial Advisory Panel reviews the finances of candidate communities and annual audited financial statements of accredited communities and makes recommendations to the commissioners regarding the financial stability of an organization. You'll also want to investigate the kinds of contracts available to you. Find out what the payment schedule is and how much, if any, entrance fees are. Also be sure you know what kinds of services the facility offers and which ones are included at no extra cost. Sometimes extra services are available for additional fees.