Retirement is a time to discover new possibilities, focus on your passions, and enjoy the lifestyle you’ve envisioned. As you explore senior living options, you may come across two distinct choices: a Life Care community or a month-to-month rental community. Both offer a range of services and amenities, but which option best supports your long-term goals? Here’s what you need to know about how to decide.
What is Life Care?
A Life Care community like The Waterford provides a comprehensive plan for the future, offering access to a full continuum of care on-site, should your needs change over time. You’ll join independent living while knowing that higher levels of care—such as assisted living, skilled nursing, and rehabilitation—are available if needed, all within the same community.
Life Care residents pay a one-time entrance fee, which grants priority access to future care and ensures more predictable costs over time. These communities also include a consistent monthly payment that covers daily living expenses, services, and amenities. Some contract options even offer refundable portions of the entrance fee—be sure to ask about your choices.
What is a Rental Community?
Rental retirement communities offer a more flexible approach with month-to-month leasing. While these communities often provide desirable services and amenities, they do not typically include guaranteed access to care at a predictable cost. Residents must pay market rates, which fluctuate if care is needed or may even need to relocate to another provider.
Since rental communities do not require a long-term financial commitment, they can offer more immediate flexibility. However, Life Care provides a more stable, all-inclusive option for those who are concerned about their long-term well-being and financial security.
4 Reasons Seniors Choose Life Care at The Waterford
While each individual’s retirement journey is unique, Life Care communities provide significant advantages over rental communities. Here are four key reasons why many seniors choose The Waterford’s Life Care plan.
1. Predictable Long-Term Costs
Life Care helps protect against rising healthcare costs. While 70% of seniors will require some form of long-term care—often at substantial expense—Medicare does not typically cover these costs. With Life Care, you have peace of mind knowing that additional levels of care are included at a predictable monthly rate, shielding you from significant market fluctuations. This means fewer financial surprises and more confidence in planning for the future, allowing you to focus on enjoying life rather than worrying about unexpected healthcare expenses.
2. Exceptional Services and Amenities
Life Care is about more than just care—it’s about living your best life daily. From chef-inspired meals and concierge services to resort-style amenities like a heated pool, fitness center, and lively social events, our community is designed to enrich your lifestyle in every way. Residents enjoy an engaging calendar of events, wellness programs tailored to individual needs, and opportunities to connect with like-minded peers who share their passions and interests.
3. Seamless Access to Care
One of the most significant advantages of Life Care is the assurance that you’re settled in a place designed to support you now and in the future. No matter what life brings, The Waterford is equipped to provide the care, security, and community you deserve. This approach allows you to receive high-quality care from professionals who understand your medical history and personal preferences, reducing the stress and disruption that can come with moving to a new care setting.
4. Comfort and Stability for Life
With Life Care, you have the ongoing support and assistance you need. In our community, you’re settled in a place that’s designed to support you now and in the future. No matter what life brings, our caring community is equipped to provide the comfort, security, and community you deserve. Knowing that your future care needs are already planned for allows you to fully embrace your retirement years, surrounded by friends, engaging activities, and a lifestyle that promotes well-being and independence.
Explore Life Care at The Waterford
At The Waterford, we believe in providing a lifestyle that’s as fulfilling as it is secure. Our Life Care community offers an engaging, maintenance-free way of life, backed by a continuum of care that ensures your needs are met—both now and in the years to come.
If you’d like to learn more about how Life Care at The Waterford can provide peace of mind and a fulfilling future, contact us today or fill out the form below.
