What is a CCRC?

When you think of a Continuing Care Retirement Community (CCRC) think of security, support, personal freedom and peace of mind.

A CCRC is an organization that provides facilities to accommodate residents’ needs through every stage of life. CCRCs provide this continuum of care through independent residential living, home health services, emergency medical assistance, assisted living, skilled nursing care and long-term care…all on one campus.

Services such as dining, housekeeping, scheduled transportation, home maintenance, security and activities are also typically provided.

CCRCs in Virginia are regulated by the Bureau of Insurance of the State Corporation Commission. As defined in the Code of Virginia Chapter 38.2-4900, CCRCs provide board, lodging and nursing services, pursuant to an agreement effective for life or for a period in excess of one year, and in consideration of payment of an entrance fee. The entrance fee is defined as the initial payment in consideration of acceptance as a resident and it must be equal or greater than the sum of periodic charges (monthly fees) for one year.