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Senior Living Financial Considerations at a Life Care Community

How do you envision your retirement years? For some, it may include picking up an old hobby to fill newfound time. For others, volunteering becomes a major part of weekly plans. But have you considered where you’ll be living during this time? When it comes to where you live during your golden years, there are many considerations to make – many of which include the need for financial planning. Although living in your long-term home seems like it would make the most financial sense, this isn’t always the case. Yes, your mortgage may be paid off, but you need to consider home maintenance, rising utility costs and the uncertainty of property taxes. Plus, as healthcare needs change, there may be a need to make expensive modifications to your home to ensure safety, like nonslip flooring or handrails in the bathroom and hallways. Thankfully, there is an option that takes the guesswork out of financial planning for retirement. At Ventana by Buckner, our Life Care Community offers peace of mind that your needs will be taken care of now and in the future, and at a cost that you’re prepared for.

What is a Life Care Community?

Before we discuss the financial aspect of moving into a Life Care Community, it’s best to understand exactly what this means. Life Care at Ventana means just what it says – care that lasts for a lifetime. Members have access to our full continuum of care: independent living, assisted living, memory care, long-term care and health and wellness services. Choosing a Life Care community means you have the opportunity to maintain the active, independent lifestyle now with peace of mind that any future care needs will be met in the comfortable community that you call home. When a higher level of care is needed, you will know where you will receive it, who will provide it and what it will cost.

Breaking Down the Value at Ventana

Perhaps the first question that comes to mind when considering the move to a senior living community with a Life Care option is, can I afford this? We can help you answer this question for yourself, talking you through your financial situation every step of the way. Our team members are available to answer any questions you have and create a plan that will leave you financially comfortable now and in the future. Together, we will:

  • Determine what you are paying for right now living at home
  • Try to estimate your future healthcare costs
  • Explore the financial plan options at Ventana to discover the value

Entrance and Monthly Fees at Ventana

Members pay a one-time, largely refundable entry fee in addition to the monthly service fee in exchange for a Life Care benefit. By entering into a Life Care benefit at Ventana, Members are not just covering the cost of their residence, meals, housekeeping, recreation, transportation and entertainment. Rather, they are purchasing the lifetime guarantee of on-site care for assisted living, memory care, skilled nursing and rehabilitation if or when you need these services.

Value that Offers Potential Savings Now and in the Future

A portion of Life Care community entrance deposits are often refundable, and monthly fees cover services, amenities and programming, as well as the mitigation of the cost of future health care. Members at Ventana may even be eligible for a tax deduction associated with payment of the entrance fee and ongoing monthly fees. The best part? This lifestyle isn’t as out of reach as you may think. When you do the math, choosing the right Life Care community can offer a remarkable value. It not only reduces your current expenses, but offers significant savings for your lifestyle, healthcare and even taxes for years to come.

Discover the Value of Senior Living at Ventana by Buckner

When it comes down to it, we assure you the value offered by Ventana is the best choice for your retirement years. Our Life Care community offers financial predictability and a wide range of services. The team members at Ventana are happy to talk to you about your financial situation and make sure the plan you choose is affordable. You can also download our Value Guide that will help walk you through the financial considerations to make when deciding if you should move to a Life Care community. Learn more about the value of Ventana by Buckner – you can click on this link to schedule your personal tour of our community. If you’d like to schedule an information session, apply for residence or simply ask our team some questions, don’t hesitate to get in touch! We’re always available to assist in researching and evaluating your options.