As you research different senior living options, you might want to familiarize yourself with the financial benefits of choosing a Life Plan Community with Life Care.

Life Plan Communities, like ones provided at Freedom Village at Brandywine in Chester County, offer an all-inclusive, maintenance-free, wellness-focused lifestyle with a variety of services and amenities, and plenty of social opportunities and activities.

At Freedom Village you can move into an independent living condominium and enjoy first-class services and amenities. These include multiple dining venues, a state-of-the-art fitness center, indoor saltwater pool and spa, bocce ball court and putting green, robust social calendar, and more.

If the unexpected happens and you need a higher level of care, one of the benefits of Life Plan Communities is that they offer a continuum of care — like assisted care, memory care, skilled nursing and rehabilitation — right on-site.

According to the Department of Health and Human Services, someone turning 65 today has almost a 70 percent chance of needing some higher levels of care in the future … and they’ll need that care for an average of 3 years.

Life Care is a type of financial contract. You pay a one-time entrance fee and a monthly fee for your independent living residence.

The amount you pay depends on the number of residents and the floor plan you choose.

The more square-footage, the larger the fee. You then have priority access to high-quality care at predictable prices that are much lower than market rates. The benefits of Life Care also include:

• Savings: You’ll see substantial savings compared to the average cost of private assisted care, memory care and skilled nursing.
• Asset preservation: By paying lower prices for higher levels of care, you’re preserving your assets over your lifetime.
• Tax savings: A portion of your entrance fee and monthly fee could be tax-deductible as a prepaid health cost.
• Peace of mind: Know that your family members won’t have to worry about what your next move will be if your physical or mental health changes. By pre-planning your future now, you’re maintaining control over those decisions because you’re the one who’s making them.

While you would probably rather stay in your current home for as long as possible, when you compare the cost of senior living to your current lifestyle, you may find moving to a Life Plan Community is more affordable than you realize.

Even if your home is paid off, you’ll still have monthly upkeep and maintenance expenses, utilities, insurance, and property tax.

Plus, modifying your current residence to safely age in place can be another costly expense.

Senior living communities are purposefully built and designed to help you get more out of life by staying as independent as possible for as long as possible. Find out more at Freedom Village at Brandywine