Retirement is a significant life transition that comes with its set of concerns, primarily about health care needs and financial security. A Life Plan Community, also known as a Life Care Community or CCRC (Continuing Care Retirement Community), offers a comprehensive solution that addresses these concerns by combining independent living with priority access to a range of care services.
What Sets Harrogate Apart?
Harrogate offers more than a retirement living space; it provides peace of mind. Choosing a Life Care Community like Harrogate means crafting a smart financial strategy for your future. It ensures that you have continuous access to health care services, including skilled nursing and rehabilitation, under one roof and at a predictable cost.
Life Care Contract: Your Security Blanket
Harrogate’s Type A Life Care contract is a commitment that safeguards not just your health but also your finances. It is designed to cover potential long-term care needs while protecting your estate. This contract stands out as it keeps monthly fees predictable, even when care levels increase, ensuring your expenses remain manageable.
Financial Benefits of the Type A Life Care Contract
- Estate Protection: A significant portion of the entrance fee is refundable, offering estate planning benefits.
- Long-Term Care Access: Residents have priority access to Harrogate’s 5-star-rated Health Center.
- Savings: Lower costs compared to market rates for similar care services.
- Tax Benefits: Potential deductions on entrance and service fees as prepaid medical expenses.
Comparing Senior Living Options
When evaluating your Independent Living choices in Ocean County, it’s crucial to understand the differences between various contracts offered:
- Type B (Modified): Some future care costs are prepaid with a discounted care rate.
- Type C (Fee-for-Service): Care costs are at market rate, making expenses less predictable.
- Rental Communities: There is no entrance fee, with monthly charges covering residence and amenities. However, care services may not be provided on-site or at all.
The Harrogate Advantage
With a Type A Life Care contract at Harrogate, the monthly fee remains stable, shielding residents from the escalating costs of health care. The comprehensive monthly fee at Harrogate covers maintenance, meals, wellness plans, and more, providing a carefree lifestyle with financial predictability.
A Promise for the Future
Harrogate’s Life Care contract is not just a financial decision; it’s a lifestyle choice that comes with a promise of security and a life of enrichment and ease. To explore the Life Care options at Harrogate or to schedule a visit, contact us or call 732-719-0455.