Need a life plan for continuing care? Choose Life Care
“What are your life plans after retirement?”
You probably hear that question frequently. Whether you’re still working and nearing retirement, or you have been happily retired for 10, 15 or even 20 years, that question probably keeps popping up, from all sorts of well-meaning people. You may even have your go-to responses too, like “taking it day by day” or “just chasing around my grandkids.”
Asking a person about their plans after retirement is a lot like querying a kindergartener with “what do you want to be when you grow up?” or asking a high school graduate, “what do you want to do for a living?” You probably have a rough idea, but there are still so many factors to consider. Some of these factors are known, like travel plans or investments, but many of them are unknown, such as healthcare costs. Life is unpredictable, and the events you don’t expect are oftentimes the ones that make the biggest impact on your life plans.
Contrary to popular belief, life after retirement isn’t about the next phase of your life — it’s about the next phases. So the best way to think about your life after retirement isn’t like it’s one event, but many possible events.
Just like you tried to always stay prepared for every phase of your working life, it’s important to do the same for each phase of your life after retirement. Unfortunately, while many seniors diligently planned ahead before their retirement, many are not prepared for their continuing care needs after retirement.
According to the U.S. Department of Health and Human Services, only 12% of adults aged 65+ have long-term care insurance. Meanwhile, more than half of people 65+ will need some type of long-term care in their lifetimes, according to the Urban Institute. With sobering stats like these, it’s no wonder that many retirees, and even non-retirees, are worried about running out of money.
According to research by the National Institute on Retirement Security, 56% of respondents say they are concerned about achieving a financially secure retirement. Meanwhile, a study conducted by Bay Alarm Medical found that “financial instability” was one of respondents’ top fears about growing older, with 80% of Americans saying they were seriously worried about running out of money after retirement. Running out of money in retirement worries people even more than death!
Worrying about money is no way to live in retirement, as you worked hard all of your life to worry less, not more. But with unexpected expenses from long-term healthcare costs, it’s hard not to grow concerned, especially if you don’t have a plan.
However, while these numbers are daunting or even scary, especially, you don’t have to go it alone. While you can’t predict what will happen in your life after retirement, you can prepare for it. That is where we come in.
At Plymouth Place Senior Living, you can seamlessly transition through every phase of your retirement, from independent living to, if you need it, assisted living, skilled nursing or memory care — all under one roof, for a pre-arranged, predictable price. We develop continuing care plans to serve your specific needs, whether you’re an active and independent senior, or in a phase of life where you need extra support or skilled care.
Whatever your level of care, we are always there. Our Comprehensive Life Care plan is how.
What is Comprehensive Life Care?
Let’s start with what Comprehensive Life Care is not. It is not a monthly rental agreement, nor is it a long-term care insurance plan.
Comprehensive Life Care is the cornerstone of our continuing care retirement community, which provides all levels of care under one roof. With Comprehensive Life Care, your estate will never be depleted by the rising costs of long-term care, no matter what level(s) of care you may require.
Comprehensive Life Care empowers you to secure your future, long-term health care needs up front at prearranged and predictable rates. Also, your entrance fee is 90% refundable to you or your estate, so you can leave a legacy to your loved ones. No other continuing care plan in the Chicago area guarantees such comprehensive benefits, which is why we’re confident in saying that Plymouth Place Senior Living is one of the best life plan communities in the Chicago area.
How does Comprehensive Life Care work?
With Comprehensive Life Care, you won’t be bounced around from facility to facility as your health or life circumstances change. Nor will you have to helplessly watch as your life savings or estate get depleted if your health declines. Comprehensive Life Care gives you peace of mind so you can enjoy your life, whatever your phase of life.
Comprehensive Life Care includes all levels of care:
● Independent Living
● Assisted Living
● Skilled Nursing & Intermediate Care
● Memory Care
Independent Living
Enjoy a vibrant and engaging environment for active, independent seniors, which has been our area’s premier retirement community for more than 75 years. Call one of our spacious, well-designed bedroom residences “home.” Stay cozy with your spouse or spend the weekend with your friends or grandkids, with one-, two- and three-bedroom units available, each with designer colors and first-class finish selections. Be part of our community, with welcoming with beautiful common spaces and a host of services and amenities, including:
● Elegant indoor and outdoor dining venues, including a bistro and private dining room
● State-of-the-art fitness center and spa with senior-friendly equipment and heated pool, massage therapy and group fitness classes
● Planned social, educational and cultural activities
● All utilities included (except phone service)
● Weekly housekeeping and flat linen service
● Full maintenance of your apartment home
Assisted Living
Suit your life and your style, while enjoying all of the support you need, with tailored private studio, one- and two-bedroom residences. Services and amenities include:
● Three chef-prepared meals a day
● State-of-the-art fitness center
● Planned social, educational and cultural activities
● All utilities included (except phone service)
● Plymouth Place Campus Care and Clinic services
● Medical, dental, auditory and podiatry services
Skilled Nursing & Intermediate Care
Get treated with dignity, compassion and care by our 24/7 nursing staff, who work in close collaboration with your primary care physician to ensure your needs are met and your personal preferences are respected. Are you still living independently, but need a little help to get back to normal after an injury or surgery? Get back on your feet in our Medicare-certified Health Care Center, with custom-tailored rehabilitation programs to help you regain skills and independence as quickly as possible. Services and amenities include:
● Comfortable, personalized residences (private or shared)
● Three meals a day, plus snacks
● Housekeeping service
● 24/7 controlled-access security and emergency call system
Memory Care
If you or a loved one suffers from Alzheimer’s or any other form of dementia, you will find round-the-clock comfort and compassion at Greg’s Place, our progressive memory care neighborhood. Our staff members are trained in the Teepa Snow Positive Approach® to Care, and will support you as your needs change from moment to moment and day to day. Services and amenities include:
● Spacious studio apartment suites with private bathrooms
● Family-style dining room with three chef-prepared meals a day, plus snacks
● Planned social, educational and cultural activities
● Weekly housekeeping and linen service
● 24/7 controlled-access security and emergency call system
● All utilities, including phone and cable
Why is Comprehensive Life Care a smart investment?
Comprehensive Life Care is a smart investment because it allows you to secure all of your continuing care under one roof for a pre-arranged, predictable rate. If your life or health circumstances change, you won’t be hit with unexpected expenses or surprising, out-of-pocket costs. You or your loved ones also won’t have to go through the headache and heartache of finding new care options or providers, moving to a different and unfamiliar facility, or arranging healthcare treatment options, as all of our continuing care takes place right on our campus.
It’s peace of mind during challenging and changing times. Comprehensive Life Care empowers you to predict expenses so that your estate will never be depleted and you can leave behind a legacy for your loved ones.
Signing up for our Comprehensive Life Care plan starts with an entrance fee. This one-time fee secures your access to our continuum of care and helps limit the costs associated with higher levels of care. At the end of life, up to 90% of the fee is refundable to your estate. The portion of the entrance fee that is not refunded is also tax deductible, and you may also be able to get an annual tax deduction on the monthly service fee as a pre-paid medical expense. Be sure to speak to your accountant or financial advisor on these additional opportunities to save.
What should I do next?
Think that Comprehensive Life Care may be right for your long-term, continuing care needs?
Ready to secure your future free from worry of unexpected expenses?
Want to plan ahead for peace of mind?
Let us help!
Comprehensive Life Care is here to help protect you and your estate, whatever comes your way. If you ever need long-term care, you’ll be prepared, so you can spend your retirement years living life to the fullest, without worrying about what might happen (or how you’ll pay for it).
While you may not be able to predict what happens in life, we can help you prepare for it, so the next time someone asks you “what are your life plans after retirement?”, you’ll be able to say: “Life Care!”