Are you among the many Americans 65 years or older, who wish
to enjoy retirement without the added distraction and hassle of maintaining a home?
Are you turned-off by the stigma of moving to a “senior facility?”
United Methodist Homes of NJ can offer an
answer with a look into a living arrangement known as a
CCRC (Continuing Care Retirement Community).
CCRCs, with multiple living options, can
significantly increase your quality of life and security while preserving your
assets for your loved ones.
What Can A CCRC Offer Me?
For those that aren’t familiar with the acronym CCRC, it
stands for Continuing Care Retirement
Community. The State of New Jersey imposes specific
requirements on organizations before they can be classified in this way. CCRCs
are unique types of senior communities, dedicated to adults 65 years or older,
that provide apartment style independent living accommodations as well as a
continuum of care. “Continuum of care” implies that, even though a resident may
not require any assistance initially, as their needs increase so can the care
provided by the CCRC. In return for an entrance fee and a monthly service fee,
a CCRC resident can live completely independently, but be in close proximity to
social activities, have enhanced security, and gain access to incrementally
greater assistance of all kinds as ongoing needs dictate.
CCRCs provide many of the same things for active seniors
that over 55 communities offer but with a few important distinctions:
1.
A CCRC provides access to more services and programs,
more easily than an over 55 community.
2.
The buy-in for an apartment home in a CCRC is
typically much less than buying a condo or townhome in an over 55 community.
3.
You don’t pay taxes or utility bills on your
CCRC apartment home, just a monthly fee based on its size and the additional
services you require, if any.
CCRC
living is “all inclusive.”
4.
State licensed CCRC communities oftentimes offer
a “Legacy Preservation” option which allows a large portion, usually 90% of the
cost of the buy-in to be refunded to your estate when you die.
5.
In a CCRC you are easily able to incrementally transition
to greater levels of personal and medical assistance as you age or needs change.
6.
CCRC fees typically include dinner in beautiful
onsite dining rooms, access to a robust variety of senior activities, exercise
programs, transportation assistance, concierge services and much more.
7.
At UMH CCRC residents have access to assisted
living services.
Should your medical
needs change, you are given priority into any of our assisted living programs.
Who is a Good Candidate for a Continuing Care Retirement Community?
Many seniors who choose to live in an independent living
community, such as
United
Methodist Homes’ continuing care retirement community, Bristol Glen, may not initially require assistance with daily
activities, but enjoy the peace of mind that comes with living in a secure
community, access to continuing care, and the ready companionship of other
seniors, along with numerous other benefits.
These benefits include:
·
Independent Senior Living – CCRC
style i
ndependent living lets you leave behind
the chores and errands you no longer care to do so you can enjoy maintenance
and worry-free living.
·
Socialization
& Entertainment –
Similar to a college
campus, a CCRC offers direct access to a thriving hub of recreational
activities and social engagement inside and outside of the community.
·
All Inclusive
Rent – Downsizing will simplify your life by
eliminating the ongoing taxes, utility and maintenance costs associated with
home ownership.
·
CCRC Amenities – UMH’s CCRC,
Bristol Glen,
includes amenities that you may previously not had access to such as fitness
centers, movie theaters, bustling activities centers, and scenic grounds to
name a few.
Bristol Glen resembles a rural
college campus with 74 beautiful acres of wooded grounds, meadows, trails, gardens,
and terraces for walking, sitting, and enjoying nature.
·
Assistance
(if you need it) – CCRCs differ from other retirement communities in that
they assure access to specific health care services, including long-term care,
should the need arise.
·
Flexible
Financial Options –
NJ State
licensed CCRC communities also offer flexible financial options, including
programs that allow for a refundable equity payment.
Understanding the CCRC Living Arrangement
If you are a senior looking for a secure but
independent lifestyle without the added stress and responsibility of managing a
home, then a CCRC may be the right choice for you. To find more
about the services at Bristol Glen, visit our website at http://www.bristol-glen.umh-nj.org/.