Peace of Mind with Lifecare
Lifecare is the most comprehensive retirement plan for Chicago seniors ready for independent living. The Admiral at the Lake’s Lifecare program offers residents peace of mind, providing health services such as assisted living, memory care support, and skilled nursing as needed throughout their lifetime.
If you’re considering the relative costs and benefits of staying at home versus living at The Admiral at the Lake Lifecare community, consider the assurance of quality care, health benefits, and tax breaks before you make a decision. Lifecare, a long-term care program, provides you the confidence that in the event of a change in your health, your healthcare needs will be taken care of by skilled and courteous staff.
Discover the benefits of Lifecare enrollment below, or speak to a residency counselor at The Admiral at the Lake now to learn more about our independent senior living community on Chicago’s lakefront.
Download Our Lifecare Guide
Lifecare Benefits in Retirement
Lifecare ensures that whether you just need a helping hand with everyday activities or need on-site home health care, assistance is always available. If the time comes when additional care is required, Lifecare will provide the support you need. In addition to the high-level of continuous care offered throughout your life, there are many other benefits of participating in Lifecare at The Admiral.
Discuss how a Lifecare plan will benefit you throughout retirement; speak to a residency counselor at The Admiral at the Lake.
- Financial Management: The program entrance fee and monthly service fees are based on the size and location of the residence. Since the cost of Lifecare is included in these fees, program participants won’t have any unexpected health care costs.
- Estate Planning: Three different entrance fee options are available for those considering their senior estate plan. There are 90%, 50%, and 0% refundable options to benefit the resident or their estate if they were to leave for any reason.
- Long-Term Care Insurance: Some long-term care insurance plans can be used with Lifecare. If your long-term care insurance benefits cover some of your services, it will increase the amount received by your estate if you have a refundable plan.
- Tax Benefits: A portion of the Lifecare community entrance fees and monthly service fees may be deductible as prepaid medical expenses. A tax advisor can help you determine these benefits based on your financial profile.
Expect Long-Term Savings with Lifecare at The Admiral
Planning now for long-term care can result in substantial savings when you participate in Lifecare over the years. Explore average healthcare related costs with and without Lifecare planning in place for today’s seniors:
|On your own without Lifecare||Costs with Lifecare||Total Savings with Lifecare|
A Complete Lifecare Plan Awaits
Ready to learn more? The Admiral at the Lake’s Residency Counselors are here to help with anything you need to know about Lifecare, residences and the senior living experience; start preparing for a stress-free future today.