LifeCareNC.com is the comprehensive online resource guide to North Carolina's Continuing Care Retirement Communities.
There are currently almost 60 licensed continuing care retirement communities in North Carolina, with several more slated for construction in the next 24 months. The goal of this site is to provide you with useful information to guide you in your decision making.
In North Carolina, continuing care is defined by the North Carolina General Statutes as, “… the furnishing to an individual other than an individual related by blood, marriage, or adoption to the person furnishing the care, of lodging together with nursing services, medical services, or other health related services pursuant to an agreement effective for the life of the individual or for a period longer than one year.” Continuing Care Retirement Communities (“CCRCs”) are unique to the area of long-term care in that they provide various levels of care within one community to older adults.
There is usually a large up front payment called an entrance fee required to enter a CCRC. Theamount of the entrance fee may depend on the size and type of dwelling you choose, your age, or the type of refund plan you choose. Entrance fees for North Carolina CCRCs range from a few thousand dollars to $900,000. However, a typical entrance fee would range anywhere from $50,000 to $350,000. Entrance fee refund plans typically fall within one of the following categories:
One of the most important documents you will receive from a continuing care provider will be the disclosure statement. This document is required by law to be given to the person with whom a continuing care contract is being entered into, at the time of, or prior to, the transfer of any money or other property to a provider by, or on behalf of, a prospective resident. N.C.G.S. § 58-64-20 requires the text of the disclosure statement to contain certain disclosure.