THE SPIRES VS. AN OWNERSHIP COMMUNITY
The primary difference between ownership communities and a CCRC is that continuing care retirement communities have a continuum of care conveniently available on the same campus. In most CCRC’s, that continuum of care includes Assisted Living, Memory Care, and Skilled Nursing or Rehabilitation.
For those in ownership communities, that is not the case. Residents (owners) of those communities are not only expected to change locations once their health needs change, but are also responsible for the resale of their home and for payment of a monthly fee until their home is resold (even after they have moved out).
Additionally, as a not-for-profit organization, it is The Spires’ intent to provide care for life even if a resident has a financial hardship.
THE SPIRES VS. A RENTAL COMMUNITY
The primary difference between a rental community and a CCRC like The Spires is that residents in a CCRC have predictable monthly fees, meaning they will not change when you need more care. Additionally, CCRC residents have their money returned to their estate upon their death, meaning your family receives the refund you would get if you decide to move out of the community earlier than expected.
As a not-for-profit organization, it is The Spires’ intent to provide care for life even if a resident has a financial hardship.
*Disclaimer: Not all residents will qualify for this program. Please speak to a team member directly to discuss further details.