When considering retirement communities, many people zero in on the fun factors like location, lifestyle, amenities and community. And rightfully so, because for people looking to become part of a place that keeps them engaged, involved and inspired, these types of communities are excellent options.

But not everyone seriously deliberates one component that may be the most critical to your quality of life in the future: healthcare. Much like writing a will or planning for your estate, it’s one of the most important decisions you’ll make. That said, the decisions you make now can clarify a lot of the future for you, even if you’re years away from needing any sort of regular healthcare services.

One of the best options is to find a community that offers Life Care. Life Care is an option at certain Continuing Care Retirement Communities (CCRCs) or Life Plan Communities like The Overlook. Life Care gives you an opportunity to invest in your future by paying an upfront entrance fee and monthly fees in anticipation of future healthcare needs. The Life Care contract is advantageous because your monthly fees remain stable even if you need assisted living, memory care or skilled nursing care in the future.

We’ve heard from several residents who didn’t understand the value of Life Care when they selected their contract, but then realized later that they really would have benefitted from the financial protection it provides. It’s a more predictable way to plan for your future and provides peace of mind knowing that everything is taken care of, should your needs change.

Enjoy excellent care for life

Making the decision to choose a Life Care plan at the beginning guarantees that you’ll have high-quality healthcare, living accommodations, amenities and services – even if you outlive your assets. You’ll enjoy outstanding retirement living options and a full continuum of care (should you need it) that includes enhanced and assisted living, memory care, on-site rehabilitation services and skilled nursing.

Life Care means that your future long-term care needs will be met. This includes around-the-clock skilled nursing care from healthcare professionals who have a passion for providing you with the best experience.

Nationally ranked care

The Overlook has been nationally ranked by U.S. News & World Report “Best Nursing Homes” for both long-term care and short-term rehabilitation. In addition, the Centers for Medicare and Medicaid Services rated The Overlook with five out of five stars overall, placing it among the top 10 percent of best nursing homes in the country. These ratings give credence to The Overlook’s longstanding reputation for high-quality, excellent care.

Affording Life Care

Experts agree that the cost of medical care in the U.S. will only increase in the future. Without a solid plan, paying for long-term care can be daunting and can eat away at your finances. When you invest in Life Care, your rates are lower than what you would pay elsewhere for quality care, and you will have priority access with no wait list. In addition, if you find that you are no longer able to pay the full costs through no fault of your own, you will not have to leave your retirement community for financial reasons. Not all communities offer the promise of a home for life, so be sure to ask what happens if your money should run out. The Overlook in Charlton, Massachusetts, not only has roots that go deeper than 100 years, but also has a solid reputation for organizational stability and exceptional quality.

To afford Life Care, most people choose to unlock the equity they have in their home—which is right now likely higher than it’s ever been—and exchange it for their entrance fee, which is refundable in many cases. Most people find that the inclusive monthly service fee is actually less than what they pay to live in their house once they factor in maintenance, taxes and other expenses, which is explored in greater detail below.

With Life Care at The Overlook, your initial entrance fee and monthly fees include access and care for future health needs on campus when and if you need them. A Life Care contract guarantees that your monthly fee for your residence will stay roughly the same no matter what type of services you may later need. Life Care makes your future costs much more predictable, and healthcare savings over your lifetime can be impressive compared to what you might pay on the open market.

Doing the math

Consider your current monthly expenses for these items:

Mortgage or rent

Condominium fee or homeowners’ association dues

Real estate/property taxes

Heating and air conditioning, electric, water, sewer and trash pickup

Basic cable TV, phone and internet service

Lawn service, leaf raking and snow removal


Interior and exterior home maintenance

Health club membership/personal trainer

Equipping and maintaining your own art studio, woodworking shop, game room and other hobby rooms

Chef-prepared meals in formal and casual venues

Security system

Social, educational, cultural and entertainment events

Transportation to shopping and off-campus medical appointments

All of the above, except for TV/phone/internet, are included in your monthly service fee at The Overlook. Many people find that when they add it all up, choosing Life Care is both attainable and affordable.

Life Care allows you to put one more worry by the wayside. Avoid the need to ever move again and have guaranteed, high-quality care available to you always, should you need it. With one less thing on your plate, you can feel free to enjoy life to the fullest knowing that you’ve already safeguarded yourself against future medical needs while also protecting your finances. So, dine with friends, go cross-country skiing, catch a show or simply enjoy your luxurious cottage or apartment – you’ve earned it!

Learn more about Life Care and other options at The Overlook. Call us at 866-753-5429 or complete a form so we can help you review all your choices and find the plan that works best for you.

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