Planning for retirement living is all about saving for the future. More specifically, it’s about using the earning years to secure a fulfilling lifestyle that lasts through all stages of life. For many retirees, navigating the costs of senior living and long-term care expenses can feel overwhelming. That’s where senior living contracts come in. The Type A Life Care contract at a Life Plan Community like Reata Glen offers a clear, consolidated and predictable way to manage financial planning in your retirement years.
What is a Type A Life Care Contract?
A Type A Life Care contract is a comprehensive financial agreement unique to certain Life Plan Communities. At Reata Glen, it includes a wide range of services and amenities designed to support a fulfilling and secure lifestyle:
- A residence in the community
- A meal plan at multiple dining venues
- A robust lifestyle of activity, social connections and wellness programs
- Access to all community amenities, services and events
- Property taxes and most utilities
- Priority access to the adjacent health center for assisted living, memory care and long-term care in a skilled nursing center, if ever needed
- Importantly: If care is ever needed, the Type A contract puts a plan in place for residential living and access to future long-term care at predictable rates.
At Reata Glen, our Life Care contract simplifies your financial planning by bundling all these services into a one-time entrance fee and monthly fee. This makes it easier to budget, save money in the long run and avoid unexpected expenses that could derail your retirement plans.
Comprehensive Coverage for Today and Tomorrow
One of the greatest concerns for retirees is how to make their savings last while ensuring access to high-quality care. Health care costs are rising, with long-term care expenses averaging tens of thousands of dollars annually. These unpredictable costs can quickly deplete retirement savings.
At Reata Glen, priority access to the adjacent health center creates a seamless transition and profound peace of mind as needs evolve.
Residents enjoy more than just a solid plan. Our vibrant community offers access to amenities like dining, fitness programs, and social events, with home maintenance support included in the monthly fee. This comprehensive approach simplifies budgeting while enhancing your quality of life.
Supporting Your Legacy
In addition to providing financial stability, many Life Care contracts include a refundable portion of the entrance fee. This means that, in some cases, a portion of the entrance fee may be repayable – a feature that can support your estate planning and help preserve your financial resources.
Why Choose Reata Glen?
Reata Glen is more than a place to live – it’s an award-winning Life Plan Community designed to help you live well now with a solid financial plan that includes future care. With a Type A contract, you gain the confidence of predictable costs, access to future care, and the freedom to enjoy a fulfilling lifestyle. Whether you’re hosting family gatherings, exploring new hobbies or making friends, Reata Glen provides the resources and support you need to make every day enjoyable.
Discover how Reata Glen can help you achieve your retirement goals. Contact us today to learn more or schedule a visit to experience our community firsthand.