A. There are typically 4 types of CCRC contracts, although some CCRCs might not offer all of the 4.
1. Type A - Lifecare
It has a higher monthly fee and possibly a higher entrance fee than other types of contracts because it provides the assisted living and skilled nursing you may need later without additional cost.
2. Type B - Modified Lifecare
It has a smaller monthly fee or entrance fee than Lifecare because it doesn't pay the full cost of future health care. You may receive a discount for future care, typically at 20%.
3. Type C - Fee-for-Service
You will pay lower fees for this arrangement than typa A or B because you buy your health care a la carte and pay market rates for assisted living or skilled nursing care. If you or your spouse moves to assisted living or skilled nursing, your monthly cost could more than double.
4. Type D - Rental Agreement
You won't pay an entrance fee, but your mohthly fees will be higher than for other contracts, and you pay the full cost of health care.