Understanding The Life Plan Community Model
What is a Life Plan Community?
As an Equity Model Life Plan Community, Beaumont offers a contract that includes a promise to provide future care along with legal possession of an Independent Living residence. Those future care services, which are administered here on our campus, include Personal Care, Rehabilitation and Respite as well as Skilled Nursing Care.
How does a Life Plan Community differ from a Rental Community?
Rental Communities typically do not include healthcare services — or, if they do, they are not offered at reduced pricing for residents, and they will often require relocation from the community.
How does an Equity Model Community differ from a traditional Life Plan Community?
Traditional Life Plan Communities require a substantial entrance fee for admission. Those fees are sometimes partially returned at the conclusion of the contract. As an Equity Model Community, Beaumont residents own their property outright and can choose to sell or bequeath it to their descendants. The value of Beaumont residences has traditionally increased at about the same rate as comparable Main Line real estate.
I wanted to make sure we were set for life and made decisions while we were still healthy and able — without having to disrupt our children’s busy lives with a sudden health event. Beaumont integrates a form of long-term care insurance into its healthcare services, providing us with the peace of mind we need.
– David B., resident since 2017