Charitable Options If You Finances Run Out at a CCRC
Some CCRCs (Continuing Care Retirement Communities also known as LifePlan communities), usually Type A CCRCs, advertise that if you run out of money you will not be asked to leave the CCRC. This is a nice detail to hear and CCRCs often have a non-profit donation system set up to help support you if you are in need. The reality is that a CCRC can not stay in business if they gave away a lot of free housing and health care. This is why you must pass a financial evaluation before a CCRC offers you admission. Some CCRCs also require periodic update reporting on your finances every so many years. So while the safety of staying exists, also note that CCRCs prefer you to be able to pay your own way during your entire stay at the community.
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