Continuing Care Retirement Communities (CCRC)
These retirement communities allow seniors to "age in place," with flexible accommodations that are designed to meet their health and housing needs as these needs change over time.
Residents entering continuing care retirement communities sign a long-term contract that provides for housing services and nursing care, usually all in one location, enabling seniors to remain in a familiar setting as they grow older.
Many seniors enter into a Continuing Care Retirement Communities (CCRC) contract while they are healthy and active, knowing they will be able to stay in the same community and receive nursing care should this become necessary.
Continuing care retirement communities offer service and housing packages that parallel independent living, assisted living and skilled nursing facilities. Seniors who are independent may live in a single-family home, apartment or condominium within the continuing care retirement community.
If they begin to need help with activities of daily living (e.g., bathing, dressing, eating, etc.); they may be transferred to an assisted living or skilled nursing facility on the same site.
Seniors who choose to live in a continuing care retirement community find it reassuring that their long-term care needs will be met without the need to relocate.
Continuing Care Retirement Communities Are Your Style If …
You don't want to have to move around every few years. You might not need the extra help now, but who can predict the future?
With this senior housing option, you can enter into a contract that assures you that your care will grow and change with your needs.
A CCRC is a great example of aging in place, since it lets you stay put!
Continuing Care Retirement Communities Checklist Of Things To Consider
- How is the staff? You want one that will be there when you need them, but leave you alone when you don't.
- How do the other residents like it? Don't be scared to ask one, or have a resident as your tour guide.
- What plans are in place for the changing needs of residents?
- Are the common areas comfortable and well maintained?
Cost Of Continuing Care Retirement Communities
CCRC's can vary in both cost structure and their schedule of fees. Some require a sizeable endowment and have a schedule of minimum monthly fees while others require less of an upfront investment with heftier monthly fees based on the care level needed.
Some properties sell their "active section" as deeded real estate which the property buys back in the event a resident develops a need for more care.
The best way to understand the varying degrees of financial commitment is to call the retirement community you are interested in.
Introduction to Indianapolis, Indiana and Surrounding Areas
Indianapolis, the largest city in Indiana and its state capital, is located in the center of the state on the White River. Settled in 1820, "Indy" was incorporated as a city in 1832 and saw tremendous growth with the advent of railroads in the 1840s and the automobile industry at the turn of the century. Today, Indianapolis is the twelfth-largest city in the United States, with a steadily-growing population of around 800,000 and a strong, diverse economy supported by manufacturing, agriculture and the service industries. Leading employers in the area include electronics, pharmaceuticals, publishing, food processing and insurance companies. Indianapolis is one of the busiest convention centers in the country.
Cultural attractions in Indianapolis are plentiful. Some of the finest art and artifact collections in the country can be seen at the Eiteljorg Museum of American Indians & Western Art and at the Indianapolis Museum of Art. The latter is set on 52-acre grounds with the restored mansion of J.K. Lilly Jr., surrounded by beautiful gardens. The city is also home to the Indianapolis Symphony Orchestra, the Indiana Repertory Theatre and Indianapolis Civic Theatre.
Indianapolis Sports and Leisure
The NBA's Indiana Pacers (18,000-seat Conseco Fieldhouse) and the NFL's Indianapolis Colts (56,000-seat RCA dome) bring major league sports to downtown Indianapolis. Other pro teams include the Fever (WNBA), the Indians (minor league baseball), the Firebirds (Arena Football) and Blast (USL soccer), but the area is best known as the home of the Indianapolis 500 road race and a hotbed of college basketball. A few miles west of downtown, the Indianapolis Motor Speedway (IMS) packs in more than 250,000 spectators each Memorial Day weekend for the Indy 500, a tradition since 1911. The IMS also houses a Hall of Fame Museum and part of a golf course. Within an hour's drive are perennial NCAA basketball tournament powerhouses Indiana, Indiana State and Purdue. Within a 2-hour drive are Notre Dame, Louisville and Cincinnati.
There's a lot to do in the Indiana outdoors. Brown County Park, just 46 miles away in Nashville (IN), is Indiana's largest park, offering 12 miles of hiking trails, cabins and camping facilities, horseback riding, and great lakes for fishing. A 2-hour drive away, the Falls of Ohio State Park on the Ohio River in Clarksville offers fishing, hiking and 386-million-year-old fossils, which can be viewed when the Ohio River recedes in early autumn.
Indianapolis at Night
There's always something going on at night downtown; another popular area about a mile away is Fountain Square, a renovated factory loaded with shops, restaurants, bowling alleys and a theatre. Although Indianapolis doesn't have the large student population of comparably sized cities, it has many huge colleges within a reachable radius. Indianapolis ranks among the cleanest, safest, most affordable and easiest-to-get-to cities, making it easy to get-to-know.
Indianapolis ranked #6 on BestJobsUsa.com's 2002 list of the Best Places to Live and Work in America and #27 on the Forbes 2004 list of the Best Cities for Singles.