New Mexico continuing care retirement communities (CCRC)

Find New Mexico CCRCs

Although there is no overarching federal agency that regulates retirement communities, the private non-profit organization CARF-CCAC provides a voluntary process for individual CCRCs to become accredited. Although this process is very expensive and lengthy, communities that are accredited by CARF-CCAC can usually be considered of higher quality and standing than others.

Recreation and Attractions in New Mexico

As one of the most culturally diverse places in the United States, New Mexico provides a rich blend of Native American, Hispanic, Latino, and Anglo cultures through its varied architecture, artwork, and cuisine. Residents of CCRCS in New Mexico can take excursions to see the ancient Pueblo, Apache, and Navajo sites and relics and enjoy the majestic Southwestern landscape along the Adobe Trail. For a day of deep relaxation and wellness, New Mexico’s many spas and hot springs can provide residents and visitors with Native-inspired services as well as traditional rejuvenation techniques. Truly, there is something for everyone in the unique landscapes and cities of New Mexico.

New Mexico's Climate, Geography, and Culture

New Mexico has become a melting pot for various cultures like Native American, Hispanic, and Anglo. Expect a rich landscape combined with ever richer culture as you learn the history of the state. Summers can get awfully hot, so you might want to spend time by the pool or inside relaxing with your loved ones. Either way, New Mexico has a ton to offer those looking to settle down.

New Mexico's CCRC Regulations and Laws

New Mexico is in charge of regulating CCRCs in the state and they have various regulation and laws in place to ensure that you or your senior is getting the best care possible. The New Mexico Department of Aging has a full list of all rules and regulations that CCRCs in the state have to abide by. These regulations include routine inspections, strict health codes, and extensive background checks for employees.

Crime and Safety in New Mexico

Violent and property crime rates in New Mexico are somewhat higher than other parts of the country. Despite these rates, there is less crime per square mile than the national average. Although there is no easy explanation for such rates, there are certain places that are safer than others. Finding the safest environment for your New Mexico CCRC investment can ensure that your care is as effective as it can be. Below are listed some of the areas with the least crime overall.

Location	Violent Crimes Per 1,000 Residents	Property Crimes Per 1,000 Residents
Corrales	.58	6.34
Lordsburg	5.75	4.31
Questa	1.12	9.02

(source: safewise.com)

Payment and Costs for CCRCs in New Mexico

The payment plans will differ at each CCRC, however, large entrance fees are to be expected and can range anywhere from $30,000 to $500,000 and even up to $1 million at a single time depending on your contract and location. The national average cost of an entrance fee based on the most recent data is $248,000, and this price is expected to continue to fluctuate based on local housing prices.

The type of contract entered into by the resident will include a monthly maintenance fee costing between $300 and $4,500 or more depending on which services are utilized. Some residents may choose a “buy-in” option, meaning they join the community through buying an actual property. Whether you buy a property or not, it’s still necessary to look out for any additional maintenance or service fees before signing a contract.

The difference in prices is largely a result of the type of contract residents enter into, as well as their individual health care costs and possible Medicare or Medicaid coverage.

Extensive Contracts – Guarantee a lifetime of housing and care at any and all levels provided by the community. This includes monthly fees in exchange for a wide range of services. Because there is a relatively lower degree of risk, the upfront costs are much higher.
1. Entry Fee: $160,000 - $600,000
2. Monthly Fee: $2,500 - $5,400
Modified Contracts – Modified contracts only extend to a set number of days. After exceeding this limit, services are paid for out of pocket by the resident. Monthly fees are also still charged at an ongoing rate.
1. Entry Fee: $80,000 - $750,000
2. Monthly Fee: $1,500 - $2,500
Fee-For-Service Contracts – Residents only pay for the services they currently use, however, are not safeguarded from any future changes in pricing or service availability. Most of the financial burden is borne by the resident, depending on Medicare or Medicaid eligibility. These are considered to be the contracts with the highest risk, even though their upfront costs are the lowest.
1. Entry Fee: $100,000 - $500,000
2. Monthly Fee: $1,300 - $4,300
Rental Agreements – Allow residents the ability to rent a housing unit on a monthly or annual basis. This type of contract does not guarantee access to health care on a fee-for-service basis, unlike other agreements.
1. Entry Fee: $1,800 - $30,000
2. Monthly Fee: $900 - $10,700
Equity Agreements – Shares of the community or association are afforded to individuals by the transferal of actual home, condominium, or townhome ownership within the CCRC. Healthcare services can still be purchased for additional fees. Through an equity agreement, the property’s appreciation benefits the individual or their estate as specified by the terms of the contract. This type of agreement relies heavily on the fluctuations of real estate in the area.

From a Report by The U.S. Government Accountability Office.

Senior and Elderly Rights For CCRCs in New Mexico

New Mexico Law prohibits CCRCs from taking away any of your rights upon entering a facility. You will be able to get dignified and thoughtful care upon joining a CCRC. They know your rights are important, so they will do everything to help you or your senior remain happy and independent. If these rights are violated, don’t hesitate to contact a legal advisor familiar with senior law. Coupled with New Mexico’s breathtaking landscapes and high-quality communities, your move to a CCRC can be the perfect chance to retire comfortably.

NM Continued Care: Medical Record Rules and Regulations

Since the goal of CCRCs is to aid residents in living independently, most communities will require a health screening in order for individuals to be admitted. Health Screenings are often required on the application for a CCRC and unfortunately if an applicant is deemed "too frail" they will not be admitted. Residents receiving nursing home care or any other type of medical attention in New Mexico are entitled to a comprehensive and accurate record of their diagnosis and treatment. State and federal laws provide that residents have access to their records and health information, as well as the right to know when disclosures have been made. Otherwise, these records are to remain confidential for up to 7 years and can be accessed by submitting a request and providing a small fee.