“Many people think that all long-term care or retirement communities are the same. There is as much diversity in these communities as there are in automobiles. Shop for the best model.”
Chicago, IL (PRWEB) September 27, 2011
Vi – a developer, owner and operator of older adult living communities – is currently providing a primer on living at a continuing care retirement community, or CCRC, at its website, where online visitors will find answers to commonly asked questions about the concept.
Older adults and family members wanting to take control of their future, long-term care needs sooner rather than later are turning to Vi as a resource for making a more informed decision.
“Many seniors move to a CCRC before they ever need assistance,” said Dr. Edward Schneider M.D. Schneider is a professor of gerontology, medicine and biological sciences at the University of Southern California.
“They have the security of knowing that all the levels of care are in one location,” he said. “They start off independently in the retirement community and benefit from the daily meals, activities and other services that are provided. As they age and need more assistance, they do not have to move out of the community. If they go to the hospital, they can return to either independent or assisted living or the skilled nursing facility.”
CCRCs offer independent living with a combination of a private residence, services, amenities and care (for example, assisted living, memory support care and skilled nursing care).
“Many people think that all long-term care or retirement communities are the same,” Schneider said. “There is as much diversity in these communities as there are in automobiles. Shop for the best model.”
CCRCs focus on the physical, social and emotional well-being of residents by promoting a vibrant lifestyle in a community setting. At the same time, CCRCs offer services such as assisted living, Alzheimer's/memory support care and skilled nursing care on site so that residents may continue to stay within the same community, close to their spouse, friends and neighbors, even as their care needs change.
All of this comes in return for a monthly fee and, in many cases, an entrance fee. Generally speaking, CCRCs offer Extensive (Type A), Modified (Type B) and Fee-for-Service (Type C) agreements, which determine the amount of healthcare covered in the agreement and how and when the resident pays for the healthcare.
Vi, formerly Classic Residence by Hyatt, was founded in 1987. Many residents who move into one of Vi’s CCRCs use all or a portion of the proceeds from the sale of their home to pay the entrance fee. As a result, the Vi entrance fee model makes it possible for residents to enjoy the benefits of a continuing care community without dipping into other assets. Residents appreciate knowing that a portion of their entrance fee will be refunded to them, their children or their estate in the future.
Monthly fees are generally equal to or less than the monthly cost of living residents paid on their homes before moving to Vi, especially when the costs of all of the services and amenities that Vi includes are considered.
Residents who qualify for continuing care can move to the on-site care center and continue to pay the same monthly fee charged for their independent living residence, plus additional charges for extra meals and ancillary items.
Generally, each of Vi’s care centers features private accommodations. Trained staff provides attention in an intimate, beautifully designed residential setting. Care and services are tailored to the individual, creating an atmosphere where dignity is supported, privacy is honored and self-sufficiency is encouraged. Residents enjoy three meals a day prepared by the community's executive chef, a full calendar of enriching programs and events and an array of amenities that encourage participation and interaction. A licensed nursing home administrator, a director of nursing and a medical director who provides clinical leadership to the care team manage each Vi care center.
Vi, formerly Classic Residence by Hyatt, was founded in 1987 as a developer, owner and operator of older adult living communities. The company is dedicated to enriching the lives of older adults by providing high quality environments, services and care. Vi currently operates ten continuing care retirement communities (CCRCs) and nine rental communities under a family of brands nationwide. For more information about Vi communities, visit http://www.ViLiving.com.