Continuing Care Retirement Community
Definition - What does Continuing Care Retirement Community mean?
Continuing care retirement communities are communities in which people can live during their retirement years while having their health problems attended to by professionals.
Long-term care insurance can 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 extremely beneficial for elderly people who have severe or challenging health problems. These communities allow them to live with some degree of independence, rather than depending on relatives to care for them.
Staying in these communities can be very expensive, especially considering the number of healthcare professionals required to facilitate them. Long-term care insurance, however, defrays some of the costs for the policyholder.