No matter what phase of life you’re in – first home, raising a family and yes, even your retirement years – where you live can have a big impact on your goals and overall happiness. After you retire, you might think moving to a senior living community is only about your residence’s floor plan or view. However, the reality is that the importance of your move goes beyond the home’s walls and extends well into the future, affecting not only your nest egg but your health and wellness.
Picking a Life Plan Community with Life Care, like Freedom Village of Bradenton, can provide you with the residence options, amenities, services and social opportunities you want, while also providing you with financial security and peace of mind.
WHAT IS LIFE CARE?
According to the Department of Health and Human Services, 7 out of 10 adults will need long-term care at some point for an average of 3 years. Life Care is a type of financial contract that allows you to better predict the future cost of long-term care, if ever needed. This is done by paying for some of your potential care costs in advance through an entrance fee. At Freedom Village, no matter which floor plan you choose, our entrance fee includes all the cost saving benefits of Life Care. Plus, we offer several contract options to meet your financial situation and long-term goals.
MONTHLY LIVING EXPENSES
Your monthly fee combines all the bills and costs of living in a house and covers all maintenance, housekeeping, your meal plan, water, cable, electricity, unlimited use of common spaces and campus amenities and much more. The monthly service fee amount is based on the contract option, size of your floor plan and whether or not you live with a second person. (Note: a second person pays a significantly lower monthly fee.) It’s also important to remember that when you choose an independent living floor plan, you’re locking in your rate. So, picking a smaller floor plan now might be a better long-term financial move.
VALUE OF LIFE CARE
Life Care has profound advantages and guarantees, but at first glance, it can seem a little complex. To help, here’s a high-level explanation of how Life Care works:
• Savings: You’ll see substantial savings compared to the average cost of private assisted living, memory care and skilled nursing.
• Asset preservation: By paying lower prices for higher levels of care, you’re preserving your assets over your lifetime.
• Tax savings: A portion of your entrance fee and monthly fee could be tax-deductible as a prepaid health cost. As with all financial decisions, check with your financial and tax advisors first before you decide.
• Peace of mind: Your family members won’t have to worry about what your next move will be if your physical or mental health changes. Plus, by pre-planning your future now, you’re maintaining control over those decisions.
EXPLORE OUR LIFE CARE COMMUNITY
We know that moving to a senior living community is an important decision, and we want you to feel confident that you’re making the right choice for you. Start your new year off right by visiting FVBradenton.com/events to attend one of our upcoming luncheons, or schedule a tour today by calling 941-231-7434.
www.fvbradenton.com
6406 21st Avenue West, Bradenton, FL 34209