Continuing Care Retirement Communities (CCRCs), also known as life-plan communities, progressively provide aging care needs for independent living, assisted living, and nursing home care. CCRCs are for adults who want independence and social connections, along with options for the type of care received.
There has been a growth in CCRCs due to the increase in life expectancy and the need for care that provides more than the traditional nursing home or assisted living option. The concept is to provide for an individual’s needs as they grow older and require additional care. Initially, a person lives in an independent living facility, then progresses to assisted living, and when and if it is required, skilled care is received. Usually, an elderly person moves into a continuing-care retirement community while still living independently with few health risks or healthcare needs and will remain there until end of their life.
The Future of CCRCs
The growth trend for CCRCs is expected to continue, fueled by high demand for units, the need to improve dated health centers, or expansion into or reconfiguration of memory care and assisted living programs. Additionally, there will be a continued focus on wellness areas to provide residents with an active lifestyle.
Protecting CCRCs Today and Tomorrow
National wholesaler Highland Risk Services helps agents provide their clients with key business insurance to protect their facility, operation, employees, and residents. Our portfolio of coverages includes general liability, employee benefits liability, worker’s compensation, business auto, commercial property, and sexual misconduct. We can also assist clients in preventing and reducing injuries and accidents at their facility, as well as minimizing property damage, with robust risk management practices.
You can get a more detailed view of our program highlights here. In addition, Highland Risk works with top-tier, A-rated markets, with our programs available nationally.
We Focus on Supporting Your Future Growth
What we do is not as important as how we do it. We invite you to explore the Highland Risk difference. Just give us call at (847) 832-9100 to learn more about us, our coverage lines and programs and how we can serve you and your clients’ needs.