It’s a reality many Americans are facing; planning for future long-term care needs and the costs that are associated with it are an increasing burden.
As life expectancies increase, a report from the World Economic Forum found that 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 healthcare needs. Even for those taking everyday precautions like eating right and maintaining a regular schedule of checkups, as advised by WebMD, dealing with future care needs and expenses are difficult to avoid.
So, what do we do? At Springpoint, we’ve created a solution: Lifecare. Lifecare is the ultimate safeguard, offering the guarantee of on-site healthcare if and when the need arises, along with financial predictability.
Lifecare offers you protection against unexpected healthcare costs and is the most comprehensive plan that we offer at Springpoint communities. So, how exactly does Lifecare work? When you choose to sign the optional Lifecare contact, you’ll pay an additional Lifecare fee. This is similar to how you pay for insurance – and yes, there is an initial investment. But that investment ensures the care you need, where you need it, and at a predictable cost.
With our Lifecare option, your monthly payments stay the same, even if you need a higher level of care. And, with a full continuum of care offered at each of our communities, you have the flexibility to transition between independent living to assisted living, rehabilitation, skilled nursing and memory care – whatever your needs may be. 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.
Plus, there are even tax benefits when choosing this healthcare plan. That investment may qualify for inclusion on your income tax return as a prepaid medical expense. Be sure to consult with your financial advisor to see if Lifecare is the right plan for you and the benefits you may receive.
No matter where you are in life, whether you foresee needed care or are looking for an active community where you can live an independent lifestyle with a plan in place for your future, our communities offer you the level of care you need. Ron Gerber, a resident at Springpoint community The Moorings at Lewes, appreciated the different levels of care available and found that, “Once a situation develops and you need healthcare services, you should already be in a community where those services are offered — that’s not the time to start looking,” which is what we strive to offer in our communities.
Overall, Lifecare means:
With Lifecare at Springpoint, 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 needs.