Continuing Care Community Cost Calculator
Estimate the entrance fee and monthly costs for a Continuing Care Retirement Community (CCRC) with multiple contract types.
Results
Visualization
How It Works
Continuing Care Retirement Communities (CCRCs), also called Life Plan Communities, offer a continuum of care from independent living through assisted living to skilled nursing — all on one campus. They require a large entrance fee plus monthly fees.
The Formula
Total = Entrance Fee × Contract Multiplier + Σ (Monthly × 12 × (1 + Inflation)^year)
Variables
- Entrance — One-time entrance fee (may be partially refundable)
- Monthly — Monthly service fee covering meals, amenities, basic care
- Contract — Type A (life care) costs most upfront but stabilizes future costs
Worked Example
Modified contract: $250,000 entrance + $3,500/month. Over 8 years at 4% increase: $250,000 + $387,384 = $637,384 total, or ~$6,639/month effective.
Practical Tips
- Life Care (Type A) contracts have the highest entrance fees but guarantee care costs won't increase dramatically.
- Some CCRCs offer 50-90% refundable entrance fees — these cost more upfront but protect your estate.
- Evaluate the CCRC's financial health — request audited financial statements.
- A portion of the entrance fee and monthly fees may be tax-deductible as a medical expense.
- Wait lists for desirable CCRCs can be 2-5 years — plan well ahead.