Life Care Community
Updated: 13 November 2024
What Does Life Care Community Mean?
A life care community is a residential area designed for senior citizens, offering a range of lifestyle services, including healthcare assistance from professionals. Residents typically pay an entrance fee along with regular monthly fees to cover upkeep and services.
This type of community is also referred to as a continuing care community.
Insuranceopedia Explains Life Care Community
When someone becomes a resident of a life care community, they receive food, social activities, and healthcare services. Although the initial entry fee can be high, and residents also pay a monthly fee, they are provided with all the community’s services for life.
To maintain their budgets, these communities may also engage in fundraising campaigns.
