Planning for Future Healthcare NeedsDecember 6, 2019
It’s no secret: healthcare costs continue to rise and trying to plan for future healthcare needs can be burdensome and confusing. A report from the World Economic Forum found that as life expectancies increase, we must start “investing with a long-term mindset earlier in life to increase total savings later in life.” This requires plenty of planning.
At Stonebridge at Montgomery, we offer a solution to this problem without the need for hours and hours of do-it-yourself planning. The optional Lifecare contract is the ultimate safeguard against unexpected healthcare expenses. When you choose Lifecare, you guarantee on-site healthcare if and when the need arises, along with the promise of financial predictability.
Our residents and their families are especially appreciative of the Lifecare option. Along with the social opportunities available within the community, Dorothy Moore likes that, “[Stonebridge] offers several options for healthcare including the Lifecare plan, which keeps me from worrying about the future.” She is able to spend time with newfound friends knowing that her needs will be met.
Protecting Yourself from Rising Healthcare Costs with Lifecare
So, how does the Lifecare contract work? When you choose to sign the Lifecare contact when first moving into the community, you’ll pay an additional Lifecare fee. Think of it like insurance – yes, there is an initial upfront payment. But that payment ensures the care you need, when you need it and at a predictable cost. Plus, this expense may qualify for inclusion on your income tax return as a prepaid medical expense.
Once you move into the community, you’ll be protected against unexpected healthcare costs thanks to the most comprehensive plan that we offer. With our Lifecare option, your monthly payments stay the same, even if you need a higher level of care. You never know what the future may hold and putting a plan into place offers great peace of mind.
Perhaps the greatest benefit of Lifecare is knowing that your healthcare needs will be met in the community you’ve come to know and love. Jerry and Sheila Berkelhammer have found this to be a great advantage, especially as a couple. They share, “The clinic, assisted living and skilled nursing facilities are right in the same building you live in. If you’re a couple and one of you develops serious medical problems, you’re still living in the same place with appropriate care and support for the person who needs it.”
In the end, the Lifecare contract is entirely your choice – be sure to consult with your financial advisor to see if Lifecare offers the benefits you need and is the right plan for you.
Learn More About Healthcare for Seniors and the Lifecare Plan at Stonebridge at Montgomery
With Lifecare, you’ll always receive the services you need in a place that’s comfortable and familiar – and at a predictable cost. 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 at Stonebridge at Montgomery.