How to Pay for Life Care

Your entrance fee allows you to get the care you need throughout your lifetime.* Depending on your plan, you may also save with a number of free or discounted healthcare days or discounted basic service rates in our healthcare setting.

Here are a couple options to keep in mind as you consider Life Care and your budget:

• Home Sale—For years you’ve been building equity in your home. Cashing that out could be a great way to cover the entry fee. This is a very popular option—many plan to sell their home before they move to a Life Care community.
• Personal Investments—Whether it’s funds from stock holdings, a 401(K) plan or Individual Retirement Account (IRA), these assets can propel you toward move-in day at a Life Care community. You worked hard to build up your savings and investments for this moment—it is time for the retirement you deserve. 

Are Entry Fees Refundable?

In many cases, a portion of the entry fee is refundable. 

If your stay with us ends up shorter than expected, then you or your estate can often get a percentage of that refund amount back. The refund policy details are settled before you ever move into a community and are outlined in your Life Care contract. Policies differ among Life Care communities, typically with a variety of options available.

*The Life Care guarantee is subject to the terms and conditions of the Residency Contract. This option is subject to availability at the Life Care community. Available care levels vary by community.

If you add up your household expenses like your mortgage, groceries, utility bills, lawn care and property taxes, you may be surprised how close that number is to what you might pay at a community.

Plus, your basic service rate also includes additional perks like an expansive on-site pool, laundry and housekeeping services, social events and more.  

What Can Influence My Rates?

Certain choices can increase or decrease your costs at a community.

• Your Accommodations—You can expect to pay more for a 1,600-square-foot, villa-style abode with a private garage and massive master suite than for a more modest one-bedroom floor plan with 1,000-square feet.
• Your Life Care Contract—Some contracts offer a discounted rate tied to your basic service rate, making monthly costs more predictable—even if your care needs change. Others follow a pay-as-you-go approach, where monthly costs adjust based on the services you use over time. Both give you flexibility to plan in a way that works for you.