Planning for the Future at Your CCRC
Planning for the Future | 10/18/19
It’s your typical good news, bad news scenario: advancements in medicine and the healthcare industry have led to increasing life expectancies, so people are living longer than ever before. But, a report from the World Economic Forum found that due to the increase in life expectancies, we must start “investing with a long-term mindset earlier in life to increase total savings later in life.” When it comes to paying for future healthcare needs, substantial planning in advance needs to take place, which can be overwhelming and burdensome.
That’s why we offer Lifecare at Crestwood Manor. Lifecare allows you to plan for your future healthcare needs at your continuing care retirement community (CCRC), so you don’t need to worry about what the future may hold – everything will be taken care of for you.
- Financial Security, Now and in the Future: Lifecare is the ultimate safeguard, offering financial predictability for future healthcare needs. This comprehensive plan ensures predictable monthly costs similar to what you would pay in independent living, even if you need a higher level of care. This means you are easily able to predict both short- and long-term financial expenses and goals.
- Peace of Mind That Your Needs Will Be Met: At Crestwood Manor, you have access to the full continuum of care. Our community offers a wellness clinic, personal care, skilled nursing, post-hospital care and more.
- Healthcare in a Place That’s Comfortable: Not only are you protecting yourself from rising healthcare costs and ensuring your needs will be met, but you’ll know exactly where this care will take place. Select the lifestyle and level of care you need now knowing that, should your needs change, supportive services are available to you. This is a great advantage, especially for couples living in our CCRC, as there’s no need to move if either you or your spouse need a higher level of care.
- Tax Advantages: When you choose and sign for the Lifecare contract, you initially pay a nonrefundable Lifecare fee. Since this is considered a prepaid medical expense, the agreement may qualify for inclusion on your income tax return. So not only are you preparing for what lies ahead, but there may be some financial benefits to doing so at the present moment. We recommend talking to your financial advisor to better understand the tax advantages you may be eligible for.
Learn More About Lifecare at Crestwood Manor
With our Lifecare contract at Crestwood Manor, you’ll experience peace of mind that your future healthcare needs will be met. You and your loved ones deserve this priceless peace of mind. Contact us today to learn how you can take control of your future healthcare needs.