More and more older adults today are choosing to enjoy their retirement years at Continuing Care Retirement Communities (CCRCs) — also known as Life Plan Communities—like Canterbury Woods Williamsville or Canterbury Woods Gates Circle. Understanding CCRC contract types is an important part of this decision, as these agreements determine your entry fee, monthly service fees, access to health care services, and long-term financial planning. These exceptional care retirement communities combine the best of independent living with the peace of mind that comes from having future care options in one place.
When you become a resident of a CCRC, you’ll move into a beautiful, maintenance-free apartment or patio home designed for comfort, convenience, and active living. From engaging activities and gourmet dining to fitness and wellness programs, everything is in place for a vibrant retirement lifestyle. Plus, you’ll have access to health care services, such as assisted living, memory care, rehabilitation or skilled nursing if your needs ever change—all within the same community.
To help you make an informed decision, this guide will break down the main CCRC contract types and explain how each impacts fees, services, and access to future health care.
Type A Contract—Extensive (Life Care)
A Type A contract (also called an extensive or Life Care contract) usually requires a larger up-front entry fee plus higher monthly service fees. In exchange, residents receive a broad range of services and amenities, and most future health care services are covered at little or no additional cost.
Benefits of a Type A contract include:
- Predictable long-term costs for assisted living or skilled nursing
- Access to a wide range of amenities and social activities
- Resort-style living with fitness classes, clubs, social events, and excursions
- Peace of mind knowing future health care services are largely covered
Type B Contract—Modified
A Type B (modified) contract blends many of the residential amenities of Type A with more moderate fees. You’ll still pay an entry fee and monthly service fees, usually lower than Type A.
Features of a Type B contract include:
- Lower entry and monthly fees, compared to Type A
- Partial coverage of future health care services
- Discounted rates for assisted living or skilled nursing beyond included care
- Good balance between cost savings and protection against long-term care expenses
Type C Contract—Fee-for-Service
The Type C (fee-for-service) contract typically involves the lowest up-front entry fee and the lowest monthly service fees. Residents enjoy the same lifestyle, amenities, and services including dining, activities, and housekeeping, but pay for health care services as needed at the prevailing rates.
Highlights of a Type C contract:
- Lowest entry fee and monthly service fees
- Pay for health care only if and when it is needed
- Flexibility for those with long-term care insurance or robust health
- Access to the same amenities and social opportunities as Type A and B residents
Other Contract Types
Some communities offer rental contracts or alternative community fee models where no large entry fee is required—residents simply pay monthly rent or a community fee. These options increase flexibility and reduce up-front costs, though the level of included health care coverage varies by community.
When comparing options, look closely at refund-ability terms, what services including dining, wellness, transportation, and social programs are covered, and how future care costs will be calculated (discounted rates vs. full-market charges).
Explore Life at Canterbury Woods Gates Circle
Whether you prefer the suburban calm of Canterbury Woods Williamsville or the urban convenience of Canterbury Woods Gates Circle, both campuses offer thoughtfully designed apartments and patio homes with upscale finishes—wood floors, custom cabinetry, and granite countertops—plus robust amenities and a full calendar of activities. From fitness classes and hobby workshops to social clubs, cultural outings, and wellness programs, there is always something to engage your mind, body, and spirit.
Residents enjoy beautifully landscaped grounds, serene walking paths, and inviting common spaces that foster connection and community. Dining is exceptional, with chef-prepared meals, casual cafés, and formal dining options to suit every taste.
Both campuses offer Type A and Type B contracts with different refund-ability options to suit varied financial situations, giving residents flexibility in pricing and planning for future costs. The communities are staffed by experienced care professionals committed to safety, security, and compassionate service, ensuring peace of mind for residents and their families. With a focus on vibrant, active living, Canterbury Woods creates a welcoming environment where residents can thrive, socialize, and enjoy every stage of retirement.
Want to Learn Which of the CCRC Contract Types Is Right for You?
We’d love to show you around and help you compare contract types, costs, and coverage. Contact us today to schedule a tour of Canterbury Woods Williamsville or Canterbury Woods Gates Circle and get personalized guidance on choosing the best CCRC contract for your needs.
