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Planning for the Future | 10/13/19
The good news is that modern medicine and advancements in the healthcare industry have led to increasing life expectancies. But, 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,” when it comes to paying for healthcare needs.
That’s where Lifecare at The Oaks at Denville comes in. Lifecare is the ultimate safeguard, offering financial predictability for future healthcare needs. And, not only are you protecting yourself from rising long-term care costs, but you’re also guaranteeing your future healthcare needs are taken care of if and when the need arises in a place that’s comfortable for you.
Lifecare offers you a safeguard against unexpected healthcare costs and is 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.
So, how exactly does Lifecare work? When you choose to sign the optional Lifecare contact, you’ll pay an additional Lifecare fee. Think of it like insurance – yes, there is an initial investment. But that investment ensures the care you need, where you need it and at a predictable cost.
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.
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. 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.
Our CCRC offers the complete continuum of care, which is all covered under the Lifecare contract. Whether you’re looking for independent living, assisted living, skilled nursing, rehabilitation or memory care, we offer quality services in a place that emphasizes comfort.
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, The Oaks of Denville will fit your needs.
Resident Lillian Wagner loves the stability the community brings. Her advice to anyone concerned or exhausted when thinking about and planning for the future? “Well, consider The Oaks at Denville, where life is worry-free with not a care in the world.”
You can choose peace of mind for your future by choosing Lifecare offered at The Oaks at Denville. Contact us today to learn more and start the conversation with one of our on-site experts.