In the wake of the Senate Hearing on CCRC’s articles continue to come out weekly about the importance of making sure you understand the details before entering a CCRC. (This is what we have been saying!) These communities are wonderful places and the residents we talk to are very happy. We recently heard a new resident of a local CCRC tell us that she felt “liberated.” But, as we have been saying for quite some time- and as the Senate Special Committee on Aging is starting to recognize- there are some risk involved and prospective residents need to be aware of what they are. Here is a link to a recent article on NewJerseyNews Room.Com: Retirement Communities: Baby Boomers Should Go Slowly

We at Carolina Continuing Care Consultants have done the research. We have asked the questions you need to ask. We have compared financial statements of the area communities. Using this information we are prepared to serve as YOUR resource for in-depth and objective information about CCRC’s and other retirement communities.

There is a nice article in today’s issue of the Raleigh-based News and Observer, written by David Bracken, that presents a clear and concise explanation of the development progress being made by a couple of the new CCRC’s in the Raleigh-Cary region. (http://www.newsobserver.com/business/story/233786.html?story_link=email_msg) The article speaks briefly to the requirements that the state of North Carolina has in place for non-profit versus for-profit CCRC’s, as it relates to percentage of units that must be under contract before construction can begin. It also talks a little bit about how debt service for development will be covered, which is a very important aspect when considering the mid-long term financial stability of a community. Finally, Mr. Bracken mentions the refund options offered by the communities. Refund options are a big selling point for many CCRC’s but may not always be the right choice. Everyone’s situation is different and it is important to consider different aspects before determining if a if a refund option is best for you. For more information visit our website at www.carolinacontinuingcare.com or send us an email at info@carolinacontinuingcare.com.