62331 - Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly
The aging population is growing rapidly, making senior care services more essential than ever. NAICS code 62331 defines an important segment of this industry—Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly. If you are a business owner, service provider, or government contractor interested in the healthcare and social assistance sector, understanding NAICS 62331 is crucial for market insight, compliance, and growth opportunities.
What is NAICS Code 62331?
NAICS 62331 covers establishments primarily engaged in offering residential care combined with nursing, supervisory, or other supportive services for elderly residents. These facilities differ by the level of care provided, ranging from independent living options to assisted living and skilled nursing care. This continuum of care approach ensures residents receive the support they need at various stages of aging.
Sector & Industry Description
NAICS code 62331 falls under the Health Care and Social Assistance sector. This sector encompasses services focusing on health maintenance, social support, and related care services. Within this sector, 62331 plays a critical role in elder care, specializing in environments that blend living accommodations with medical and supervisory care tailored to seniors.
Typical Business Activities Include:
- Operating Continuing Care Retirement Communities (CCRCs), which provide independent living, assisted living, and nursing care all within one complex.
- Running Assisted Living Facilities for the Elderly that offer support with daily activities while preserving resident autonomy.
- Managing Residential Care Facilities with Nursing Services that provide continuous health oversight alongside residential services.
Size Standards for NAICS Code 62331
For small business considerations, the U.S. Small Business Administration (SBA) sets size standards based on employee count or annual receipts. The size standards vary depending on the context but generally are as follows:
| NAICS Code | Industry Title | Size Standard |
|---|---|---|
| 62331 | Continuing Care Retirement Communities and Assisted Living Facilities | $22.5 million average annual receipts |
Note: Size standards may be updated periodically—always check the SBA website for the most current information.
Examples of Businesses Under NAICS 62331
- Sunrise Senior Living – operates assisted living communities offering memory care and skilled nursing.
- Brookdale Senior Living – manages continuing care retirement communities throughout the U.S.
- Atria Senior Living – provides assisted living with nursing support in residential settings.
- Community-based residential centers providing a range of care services to elderly populations.
These facilities typically offer a combination of housing, personal care, medical monitoring, meals, social activities, and rehabilitation services.
Detailed NAICS Code 62331 Information Table
| Attribute | Description |
|---|---|
| NAICS Code | 62331 |
| Industry Title | Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly |
| Sector | Health Care and Social Assistance |
| Description | Establishments providing residential care combined with nursing and supervisory care for elderly residents. |
| Typical Businesses | Continuing Care Retirement Communities, Assisted Living Facilities, Residential Care Facilities with Nursing Services |
| Size Standard | $22.5 million average annual receipts |
| Primary Services | Nursing care, assisted living, independent living, supervisory care, social and recreational activities for elderly residents |
Frequently Asked Questions (FAQ)
What type of services do establishments under NAICS 62331 provide?
They offer a continuum of residential care services including independent living, assisted living, nursing care, and supervision tailored specifically for elderly residents.
How is a Continuing Care Retirement Community different from an assisted living facility?
A Continuing Care Retirement Community (CCRC) provides multiple levels of care—independent living, assisted living, and nursing care—within a single campus. Assisted living facilities primarily focus on helping residents with daily living activities, offering a less intensive level of medical supervision.
Why is understanding NAICS code 62331 important for government contracting?
Knowing this NAICS code helps businesses identify relevant bidding opportunities in the healthcare and eldercare sectors, align with procurement requirements, and qualify for size-based small business benefits.
Can a business providing only skilled nursing services fall under NAICS 62331?
No, skilled nursing services alone are classified separately under NAICS 62311 (Nursing Care Facilities). NAICS 62331 specifically covers establishments that combine residential living and nursing or supervisory care.
What is the SBA small business size standard for NAICS 62331?
The current SBA size standard is $22.5 million in average annual receipts, but it’s important to verify updates on the SBA website.
Conclusion
NAICS code 62331 is a vital classification within the elder care landscape, covering a range of residential care services that ensure quality of life for seniors. From continuing care retirement communities to assisted living facilities, businesses under this code play a key role in the Health Care and Social Assistance sector.
Understanding the scope, size standards, and types of operations encompassed by NAICS 62331 is essential for stakeholders aiming to enter, expand, or navigate government contracting in the elder care industry.
For more information on NAICS codes and government contracting opportunities in health care, explore resources from the U.S. Census Bureau and SBA.
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