A community planned and operated to provide a independent living, congregate housing, assisted living, and skilled nursing care for older people. A CCRC resident contract often involves either an entrance fee or buy-in fee in addition to the monthly service charges, which may vary according to the medical services required. Entrance fees may be partially or fully refundable. The fee is used primarily as a method of privately financing the development of the project and for payment for future healthcare. CCRCs are typically licensed by the state. See also Life Care Community.