b'UNDERSTAND YOUR OPTIONSAs you research retirement communities, youll hear the terms Continuing Care Retirement Community (CCRC) and Life Plan Community. Both refer to a senior living community offering an active, independent lifestyle, along with a range of health services that allow residents to age in place.But as youll discover, not all Life Plan Communities are the same. Types of Life Plan Communities (or CCRCs)TYPE A, aka Life CareLife Care contracts typically require the highest admission payment and a higher monthly fee. The benefit is that your monthly fee wont increase dramatically if you move from independent living to assisted living, memory care or skilled nursing. Review the contract carefully. Some Life Care contracts may charge more for memory care or skilled nursing. TYPE B, Modified CCRCThis type of contract includes an admission payment that covers the cost of some future health care, but not an unlimited amount. Care is typically provided in one of two ways: 1) a limited number of free days, with additional care billed at per diem market rates, or 2) an ongoing, minimally discounted rate. Health care services may be delivered on or off site, and two monthly fees may be incurred if couples require different levels of care.TYPE C, Fee-for-Service At a fee-for-service community like Sedgebrook, you usually pay a lower admission payment and a lower monthly fee than you would at comparable Type A and B communities. Thats because you dont pre-pay for care you may never needpotentially saving you thousands of dollars. If you do require long-term care or home health services, youll pay market rates. 46 Months before moving 7'