The principal benefit of a life care retirement community is the security of knowing
that you will not be charged additional fees should you need medical care and the
peace-of mind of knowing where your medical care will be provided if it's ever needed.
Many retirement communities with continuing care facilities on their campuses often
charge residents additional fees should they need assisted living or skilled nursing
care services. These retirement communities may accurately claim to provide "care
for life," however they cannot make the same claim for life care.
At the ACTS life care retirement communities, you can be sure that your monthly fee
will never increase as health care needs change.
The ACTS Life Care Program offers the following advantages to our residents
:
Asset Protection: Your monthly fee will never
increase as a result of moving to Oak Bridge Terrace Assisted Living Residences
or WillowBrooke Court Skilled Care Center if you should ever need a higher level
of medical care.
Moderate, Controlled Increases in Cost: Monthly
fees increase by modest percentages just once annually to cover increases in operating
costs at the community.
Tax Advantages: The Internal Revenue Service
has determined that residents of continuing care retirement communities may deduct
a percentage of the entrance fee and monthly fees as a prepaid medical expense on
Federal income taxes. For additional information on how this might affect your finances,
we suggest you contact your personal tax advisor.
Moving to a life care retirement community – or any retirement community – is a
significant decision that often involves the entire family. Time and again, our
residents say that selecting an ACTS retirement community is the greatest gift they've
given their family. Their choice of an ACTS life care community means that their
family members will not they have to make difficult health care decisions on their
behalf during a time of crisis, such as where health care will take place and how
it will be paid for.
Learn more about each ACTS Retirement Life Community location in Pennsylvania, North Carolina, South Carolina, Georgia, Alabama and Florida.