State RegulationsFL specificDifficulty 1/5
In Florida, what is a continuing care retirement community (CCRC)?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Florida law, continuing care retirement communities are regulated continuing care providers supervised by the Office of Insurance Regulation; a CCRC contracts to provide a resident housing, personal services, and nursing care, typically for life, in exchange for an entrance fee and ongoing payments. That all-in-one contract is what distinguishes a CCRC from a long-term care insurance policy, which pays benefits rather than providing the care itself.
Why the other options are wrong
- B) A CCRC is a residential care provider under a long-term contract with residents, not a joint insurance arrangement among hospitals.
- C) CCRCs are private contractual communities, not state-operated facilities providing free care.
- D) A CCRC provides services directly through its own community; it is not an insurance policy paying daily cash benefits.
Memory hook
CCRC = one contract: home, services, nursing care.