Finding the Ideal Retirement home near Indianapolis
Consider all the decisions you’ve made in your life. As you enter your retirement years, the choices you make now are just as important. When you look into all your options for senior living near Indianapolis, it can be quite challenging to sort through your possibilities.
Depending on advice from your loved ones can be complicated, especially when their own schedules are so busy. You don’t want to put any extra burden on them. That’s why it’s important to get informed about senior living communities, examining both the upsides and downsides so that you can make a decision that will lead you toward your own version of happily ever after.
Which option is the ideal location to live for seniors near Indianapolis?
Let’s begin by evaluating two main types of senior living communities: independent living and continuing care retirement communities, also known as CCRCs. As you consider both options, you’ll want to be clear about the differences between the two.
Independent living communities—like NorthRidge near Indianapolis—are designed for adults who typically don’t need assistance with the activities of daily living. If they do need additional help, they’ll need to arrange it separately. Residents enjoy all the features, services, and wellness assistance offered in their monthly rental fees.
CCRCs, or continuing care retirement communities, are designed for independent seniors who expect to require a significant level of medical care or daily living assistance in the future. They provide a range of accommodations, from independent living to skilled nursing. Residents enter into an agreement and pay an entrance fee, along with ongoing monthly fees.
The most suitable option for you will come down to your individual needs.
Would senior independent living at NorthRidge be a smart option for me?
Senior independent living at NorthRidge was created for people who:
- Are 55 and older.
- Remain relatively healthy and active.
- Aren’t dependent on help with basic activities like putting on clothes, bathing, food preparation or tracking medications.
- Want to stay connected and continue their hobbies and interests.
- Are looking to live in a place of their own with freedom from home maintenance and upkeep.
In what ways does independent living offer value?
At NorthRidge, you get all the benefits of independent senior living without the complexities and fees of a CCRC’s contracts and costs.
How would you define a CCRC
CCRC means continuing care retirement community, sometimes referred to as a “life plan” community. In this type of senior housing, you’ll find:
- Independent living apartments or homes
- Assisted living units
- Memory care units for those with dementia or Alzheimer’s
- Skilled nursing suites for individuals needing 24/7 care
Even if you may not ever need advanced care, you’ll still be paying for it. That’s a major point to weigh when evaluating your long-term financial goals.
At NorthRidge, you get all the advantages of independent senior living without the complex agreements and expenses of a CCRC’s contracts and costs.
What’s important to learn about CCRC contracts?
Moving into a CCRC requires signing a detailed, legally binding contract and paying a large entrance fee along with monthly fees. If your financial situation changes or you decide to move, your entrance fee may not be reimbursed—depending on the terms of your agreement. If the property is sold, your contract terms might also be altered. It’s wise to consult with a legal expert and a money manager before signing.
In contrast, moving into independent living at NorthRidge near Indianapolis only requires a straightforward rental agreement. No initial payments, no extended obligations, and complete financial flexibility.
Must all CCRCs involve legal commitments?
Yes. And they typically come in one of three categories:
- Type A – Extensive Life-Care Contracts: You cover upfront for future healthcare.
- Type B – Modified Contracts: some services is included, with additional costs later.
- Type C – Fee-for-Service Contracts: Lowest initial cost, but costs rise as you need more care.
How much are the true price of a CCRC?
According to the National Investment Center for Seniors Housing & Care, the typical upfront cost for a CCRC is $402,000, but it can range from $40,000 to over $2 million.
Monthly fees can range from $500 to over $3,000, and they generally get more expensive. You may need to use your home’s value, long-term care insurance, and personal savings just to manage the payments.
At NorthRidge, there are no upfront payments. You simply pay a monthly lease and preserve your retirement savings.
How does independent living at NorthRidge compare to a CCRC?
Feature | NorthRidge | CCRC |
| Level of Care | Independent only | Full spectrum |
| Costs | Lower, monthly only | High upfront + monthly |
| Commitment | Flexible rental | Long-term contracts |
| Location | Fishers | Mostly urban areas |
Should I pick NorthRidge or a CCRC?
Go with NorthRidge near Indianapolis if you:
- Want to feel at home in a place where you're valued and engaged
- Prefer to avoid home maintenance
- Are excited about a vibrant, social retirement lifestyle
- Live independently and in good health
- Don’t want to pay for care you may never use
- Prefer flexibility over binding contracts
Thinking about making the move to senior living near Indianapolis?
Forget outdated notions of retirement homes. Senior living communities like NorthRidge are lively, engaging places that support the changing lifestyles and lifestyles of today’s seniors.
What are the benefits of moving to NorthRidge?
Socialization: Stay mentally and physically engaged with games, educational programs, excursions, and social gatherings.
Security: Safety alert tools, secure apartments, and thoughtful design for accident reduction offer confidence.
Amenities: Enjoy everything from nutritious and delicious dining and fitness centers to libraries, salons, and group activities.
Care When You Need It: While NorthRidge focuses on independent living, we can assist with arranging care services if your needs ever evolve.
Come See for Yourself at NorthRidge near Indianapolis
At NorthRidge, we keep things simple—simply wonderful, simply fun, and simply the right choice for independent senior living near Indianapolis. We’re happy to answer your questions, walk you through our community, and share a gourmet lunch. Come discover why so many active seniors love calling us home. We hope to see you soon.