In these scary and uncertain times, life care plans can give you the peace of mind you need to know that your future is safe and secure. One of the most important things we need as we age is safety and stability in our future and to have a plan for the “what ifs” of life. Life care plans set your future up so that you have access to the care you need in the community you have grown to love.
What is a Life Care Plan?
A life care plan is a contract that promises long-term care in our community at a predictable and fixed cost. The cost of your care will not change no matter how the level of your care changes or how much the cost of health care increases. At Glen Arden, there is a one-time entrance fee (up to 90 percent refundable) followed by a predictable and consistent monthly fee. Your monthly fee will not change whether you are in independent living or move to a higher level of care. Even if the costs of long-term health care go up, life care plans lock you in at the same monthly fee for the rest of your life.
What are the Benefits of a Life Care Plan?
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Asset Protection
With a life care plan, your assets are protected against the increasing costs of health care. Entering a life care plan gives you the assurance that your assets and your income will be protected if you require long-term assisted living or skilled nursing care.
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Guaranteed Lifetime Residency
Life care plans give you the ability to “age in place” and not having to worry about leaving the community you love if your level of care changes. Whether you are in independent living, assisted living, or skilled nursing, you will keep your same community and stay with the people and neighbors who you are comfortable with.
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Less Stress and More Peace of Mind
One of the most important things life care plans give our residents in less stress and more peace of mind. Our life care plan residents take comfort in knowing that they have unlimited, lifetime access to the care they need, at no additional cost, no matter what. This security allows you to live life in the present and not worry about what the future may hold.
Glen Arden is Orange County, New York’s premier continuing care retirement community. Learn more about what makes us one of New York’s top Life Care retirement communities.