How to Research Lifecare Communities
Are you or a loved one thinking about moving to a retirement or continuing care community? Are you researching the best retirement option in Maine? If so, be sure to follow these four tips if the terms lifecare, continuing care, or continuum of care are discussed. Not all retirement communities are allowed to describe themselves as a continuing care/lifecare retirement community.
These tips will help you evaluate a retirement community:
- Ask to see the Certificate of Authority from the Maine Superintendent of Insurance.
- Ask for a copy of the Continuing Care Agreement.
- Evaluate the Agreement to confirm that the agreement aligns with the Certificate of Authority
- Understand the pros and cons of choosing a lifecare retirement community like Piper Shores versus another that offers or purports to offer continuing care.