Continuing Care Retirement Community
What Does Continuing Care Retirement Community Mean?
Continuing care retirement communities are designed for individuals to live during their retirement years while receiving professional assistance for their health issues. Long-term care insurance can help cover some of the costs associated with these accommodations and related healthcare expenses.
Insuranceopedia Explains Continuing Care Retirement Community
Continuing care retirement communities can be highly beneficial for elderly individuals facing severe or challenging health problems. These communities enable them to maintain a degree of independence rather than relying solely on relatives for care.
However, residing in these communities can be quite expensive, particularly due to the number of healthcare professionals needed to provide support. Long-term care insurance can help offset some of these costs for the policyholder.
