WHAT IS LIFE CARE?

With Life Care at Ventana, you can enjoy the peace of mind of knowing that all of the “what-ifs” of the future are covered. When treatment is needed, you know where you will receive it, who will provide it and what it will cost. As a Member of Ventana by Buckner, you enjoy the added assurance of receiving the finest care available at costs well below market rate—an important consideration for estate planning.

HOW DOES A CCRC DIFFER FROM AN OWNERSHIP COMMUNITY?

The primary difference between ownership communities and a CCRC is that ownership communities typically do not include any coverage for Assisted Living or Skilled Nursing care. In addition, ownership communities may not have a continuum of care conveniently available on the same campus like a CCRC. Residents in an ownership community are also responsible for the resale of their home and for payment of a monthly fee until their home is resold (even after they have moved out).

HOW DOES A CCRC DIFFER FROM A RENTAL COMMUNITY?

The primary difference between CCRCs and rental communities is that rental communities typically do not include Assisted Living or Skilled Nursing care. If a resident develops the need for these services, the cost of care is fully the resident’s responsibility. Also, since these additional services are not available on-site, those requiring care may need to move away from the community at their greatest time of need.

Another key difference is that rental communities are not subject to the same oversight and regulations as CCRCs. The Texas Department of Insurance is charged with monitoring the financial solvency of Ventana.

HOW IS A CCRC REGULATED? 

The Texas Department of Insurance (TDI) is responsible for regulating the state’s CCRCs. In Texas, a CCRC offers a continuing care contract that includes a promise to provide one or more elements of care in exchange for the payment of an entrance fee (often partially refundable) and periodic charges, or both. CCRCs typically offer three types of living accommodations: Independent Living, Assisted Living and Skilled Nursing care. The cost of Assisted Living and Skilled Nursing care is either partially or fully covered by both the entrance and monthly fee.