For people who cannot or who prefer not to maintain an independent household because they need some kind of long-term assistance or medical care, one common form of residential care available is the continuing care retirement or life care community (CCRCs).

Continuing care retirement or life care communities (CCRCs) are privately owned retirement living communities with a full range of housing and health care, from independent living to 24-hour skilled nursing. All levels of living usually are located on one campus. Services include meals, housekeeping, transportation, nursing care, personal assistance, and recreation.

Be aware that contracts are complex and most costs are financed out-of-pocket. Fees depend on the level of service, from "extensive" (called "life care") to "fee-for-service," or pay-as-you-go. Entry fees can range from $20,000 to more than $500,000, with monthly fees from $600 to $3,200. There is little federal or state regulation of these facilities.

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