seniors walking

What is Life Care?

A Life Care community is a special type of continuing care retirement community that provides seniors with the opportunity to pay an upfront fee to receive guaranteed care for life.* This guarantee means that you’ll be able to receive quality health care, accommodations, onsite amenities and services even if your financial resources are exhausted through no fault of your own. This huge benefit allows you to feel confident about your future. And it’s only available at Life Care communities.

Our Life Care communities feature multiple care levels on one campus, so if your care needs did change the road, then the community has the resources in place to accommodate that change. Many of our Life Care communities have independent living, assisted living, memory care and skilled nursing at the same location. In order to be eligible for the lifetime care guarantee, you’ll need to move in as an independent living resident.

*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.

Our Life Care Communities

300 NW Hillside Park Way, McMinnville, OR 97128

503-472-9534

1500 Foxwood Drive, Raymore, MO 64083

816-331-3111

5354 West 62nd St., Indianapolis, IN 46268

317-293-5500

Features of a Life Care Community

Life Care communities provide you with an elevated retirement experience—one where you can enjoy a lifestyle filled with leisure, comfort, and enjoyment. You’ll often have access to everything a traditional independent living community plus so much more. It’s meant to provide you with the best senior living has to offer.

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Common Questions About Life Care

Rental CCRCs have a monthly fee, which can vary depending on your specific accommodations and care level. The good news is that monthly payment may cover the majority of your living expenses!

 

Life Care CCRCs charge an entrance fee that’s paid upfront. The amount depends largely on the floor plan, services and contract you choose. Many residents choose to fund the entrance fee with a portion of their investment portfolio or the sale of a home.

 

In addition to the entry fee, Life Care CCRCs have a monthly fee that’s based on factors like which accommodations and contract you have. The fee may vary from year to year depending on the level of care you need, but your community may agree to cap increases.

 

*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.

One of the most common misconceptions about Life Care is that entrance fees are never refundable. But in many cases, a considerable portion of the entry fee can be refunded if your stay is shorter than expected. If that happens, you or your estate will generally get a percentage of the refund back.

 

Because policies differ from community to community, there are multiple options available. Your refund could be a set percentage based on the total entry fee amount, or it may be based on a monthly reduction that’s determined by how long you stay. It could even be a combination of the two.

 

Rest assured that no matter which community you choose to move into, the refund policies will be thoroughly outlined and settled before you sign on the dotted line. There will never be any surprises, so you can make the wisest decision possible for you and your family.*

 

If you have questions about the policies of a specific community, it’s best to get in touch with one of their representatives who would be happy to help explain your specific options in more detail.

 

*The Life Care guarantee is subject to the terms & conditions of the Residency Contract.

The IRS considers Life Care to be a prepaid medical expense, so tax deductions are often available for portions of the upfront entry fee and monthly service fee — generally up to 40 percent of the fee. Because deductions may vary state to state, it’s wise to check with your personal tax advisor to learn more about your specific tax benefits.

 

Entering a Life Care community can also affect your estate planning. A Life Care contract takes care of the portion of your planning that would address funding your health care needs. The contract ensures your healthcare needs will be met even if you run out of money (through no fault of your own). You can also choose a refundable contract that returns a portion of your entrance fee to your designated beneficiary after you pass away.

 

*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.

It all comes down to one thing: certainty. With multiple levels of care in one location, you can rest assured as your health needs require more attention over time; in most cases, you won’t have to change communities to receive it. That continued link to friends, familiar surroundings and the place you’ve come to call home is invaluable.

 

Additionally, with Life Care you know your medical needs will be met — without you having to worry about how you’ll pay for the care you need.

 

These communities also encourage seniors to remain independent for as long as possible.

 

*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.