New Pond Village provides you with feelings of confidence and security, knowing you have a plan for the future.
Living an independent lifestyle tailored and directed by you in a welcoming community, while knowing that you always have access to exceptional care at a predictable price for life, gives you peace-of-mind and the freedom to focus on what brings joy.
Benefits of Lifecare:
FAQ's about CCRCs and Lifecare:
Get answers to all your questions by exploring some of our frequently asked questions about the benefits of considering New Pond Village as a part of your future.
We always welcome further conversation over the phone or during a tour of the community.
What is a CCRC?
A Continuing Care Retirement Community (CCRC) offers senior living opportunities and on-site amenities for seniors who want to remain in one place as they go through the aging process. At a CCRC, you could start in independent living and later get expanded care or move into assisted living as the need arises. A CCRC provides services to residents for a continuum of care.
Why choose a CCRC?
CCRCs have many advantages for seniors, including carefree, maintenance-free living. No raking, no shoveling, no home repairs: we take care of it. Residents at a CCRC are surrounded by like-minded people, so there are stimulating social opportunities. There are wellness and fitness programs, amenities, dining and access to a full range of health services.
What is Lifecare?
Lifecare provides access to a continuum of care with on-site assisted living and memory care at a predictable monthly rate for life that is in accordance with what you pay for independent living. With the rising costs of long-term health care, this plan offers peace of mind for the future because if you ever need care, you will always know what you will pay and who will provide it. You will also know that once accepted into the Lifecare program, we will work with you on an appropriate payment plan if you have an inadvertent financial setback.
What if my − or my partner’s − care needs change?
Another benefit of Lifecare is that if you and your loved one have differing care needs, your partner can receive the care they need, and you may stay in the independent or assisted living residence. You will pay one monthly fee.
What if I need care, but my partner does not?
If you need care, but your partner doesn’t, your loved one can move to a different apartment home within the same campus where they may receive the care they need, and you may stay in the independent or assisted living residence. You will still pay one monthly fee.
When is the right time to invest in Lifecare?
Residents must demonstrate adequate physical health to qualify for a Lifecare plan, so it is best to take advantage of Lifecare while you are still healthy and independent. Care coverage will begin as soon as you need it and will continue for the rest of your life.
What are the types of CCRC contracts?
All CCRCs offer residential housing and amenities, but the range and cost of on-site services vary widely. A Lifecare community is a CCRC that offers access to full-service residences and a wide range of amenities and programs and access to long-term care, including assisted living, memory care or skilled nursing should the need arise. Other plans may not offer the same comprehensive package, so understanding the differences in other options will help you make the right decision for you and your family.
There are three types of CCRCs: Type A, Type B, and Type C. Each has different financial implications and level of services, so it’s essential to know the differences.
What is a Type A CCRC?
With a Type A contract, you pay an entrance fee partially refundable to you or your estate when you leave. At New Pond Village, that refund is 90% of your entrance fee. There is also a monthly service fee. Care is available at predictable rates throughout the continuum of care. In short, when you choose the Type A option at New Pond Village, we promise to care for you for the rest of your life under most circumstances without significantly increasing monthly fees.
What is a Type B CCRC?
These communities provide a residence, services and amenities. Assisted living and skilled nursing care are typically offered in one of two ways: with a limited number of free days of care, as part of the entrance fee, with additional care billed at market rates per service, or an ongoing, minimally discounted rate for care services. Health care services may be available on or off-site, and two monthly fees may be incurred if couples require different levels of care.
What is a Type C CCRC?
A Type C is a fee-for-service community, housing, services and amenities are provided under the resident agreement. Access to long-term health care, as needed, is typically guaranteed but charged at fee-for-service market rates. If care is required on a short-term basis, to maintain the independent living residence, the resident would be required to pay the monthly fee on that residence, plus the costs of housing and health care received in the assisted living or skilled nursing residence.
Is there another financial option at NPV?
At New Pond Village, we offer a second option to the Type A entrance fee/monthly fee structure. This plan provides a lower, non-refundable entrance fee that depreciates 1% a month for 100 months. It’s paid off at the end of 8.5 years. You get the same apartment home choice, pay the same monthly fees and get the same services. It’s perfect for people who want to pay a smaller fee up-front and don’t want or need a refund when they leave. We provide financial flexibility and can find the right payment option to meet your needs.
Is a Lifecare CCRC right for me?
Waiting until a health crisis strikes forces you to move, limits your choices in retirement living and will cause you to lose the benefits of living in a Lifecare community like New Pond Village. Why not enjoy your retirement, knowing you have planned well and taken control of your future? With Lifecare, you can access a variety of healthy, active lifestyle choices and practically limitless opportunities for social, spiritual, and personal growth.
Are there tax benefits to a Lifecare CCRC?
Substantial tax benefits may be available. As always, you should consult with your tax or financial advisor to guide you through the details of potential deductions. Several rulings by the United States Internal Revenue Service have established that a portion of your entrance fee and monthly fees may be deductible as a pre-paid medical expense. So, you could take advantage of the tax benefits even if you live independently, requiring little or no health care.
What services are included with the monthly fee?
Your monthly fee provides you with a package of services including housekeeping, dining, transportation services, 24-hour response system, maintenance, repairs, snow removal, taxes and landscaping, utilities (electric, heat, AC, gas, phone, internet), assigned parking, security and Lifecare. You will have use of our many amenities, including a beauty salon/barber, library, billiards room, business center, craft room and more. You will also have access to all programs and activities, including lectures, functions, outings, classes, and fitness classes.
Learn more about Lifecare, CCRCs and New Pond Village.