As you navigate your retirement journey, it becomes important to create a plan that looks after both your physical and financial health.

There is a great variety of diverse senior living contract options designed to make planning easier — so many, in fact, that learning the differences between them all can be a real challenge. To make things easier for you, below is a quick, at-a-glance guide to understanding the key advantages of Life Care.

By choosing a senior living community like Covenant Woods, you can rest assured that when and if your needs change, care will always be available. We’re a Life Plan Community that offers the peace of mind that Life Care provides.

What is a Life Care Community?

Life Care communities, or Continuing Care Retirement Communities (CCRC), are a type of senior living community that offers independent living alongside a full or partial continuum of care. This means that your future health needs will be met, all at one facility. Covenant Woods offers a full continuum of care all under one roof with everything you need to ensure that you won’t need to move again. You have the option of a Life Care contract that assures you access to Assisted Living, Skilled Nursing and Memory Support services, should your care needs change in the future. Life Care provides financial predictability, since higher levels of care are provided without substantial increases in monthly fees.

At a Life Care community like Covenant Woods, you’ll receive all these benefits and more. Here are a few key factors that set Life Care communities apart from other communities:

  • Predictable costs: Some CCRCs offer only a modified health care plan or have a fee-for-service structure, meaning your expenses may increase if you must move from independent living to assisted living, memory support or skilled nursing. But at a Life Plan that offers Life Care — like Covenant Woods — if you ever need long-term care, you’ll know where you’ll receive it, who will provide it, and how much it will cost. Your expenses will be clear and predictable, with minimal increases over what you’re paying as an independent living resident.
  • Serious savings: A Life Care contract option may seem like more money up front, but the costs of senior care are always on the rise. At a Life Care community, your entrance fee allows for significant savings on rising medical care costs when compared to what you would pay on the open market.
  • Life-long care: Your entrance fee at a not-for-profit Life Plan community such as Covenant Woods ensures that, no matter what happens, you’ll receive the care and comfort you deserve. Should your resources run out, you’ll never be asked to leave, or to settle for less care than you truly need.

We put the needs of residents and their families at the center of everything we do. By doing so, we’ve earned the distinction of CARF accreditation for providing the highest quality of care, services, programs and facilities. This prestigious honor is shared by less than 10% of CCRCs internationally.

More questions about Life Care? Contact us today to speak to a Sales Counselor.