Trezevant offers an extensive (often called "LifeCare") Residence and Services Agreement.
With this type of Agreement, long term health care rates are based on lower independent living residence expenses rather than on higher market rate health care charges. Qualification for the LifeCare benefit must be achieved to receive the LifeCare benefit and is only allowed for those residents moving into independent living residences.
- LifeCare is an excellent estate protection device
- LifeCare affords predictable costs into the future for residents
- LifeCare offers a substantially reduced rate when and if long term health care services are ever needed and used.
- At Trezevant this means that costs for assisted living and nursing care are less than half the of the actual market rate for these services
- Residents covered under the LIfeCare benefit are eligible for the Trezevant Foundation subsidy should they outlive their assets
- Residents are eligible for a one-time medical tax deduction per person in the year in which the balance of the Entrance Fee is paid when moving in
- Independent living residents participate in ongoing eligibility for a medical tax deduction per person based on the monthly fee each month for each month of residency each year
As another financial option for residents moving into independent living, Trezevant offers a fee for service type of Residence and Services Agreement for those who have elected alternative methods of long term health care payment.
- Offers residences at $55,000 to $105,000 less than the LIfeCare Plan. In exchange, long term health care costs are not discounted or based on lower independent living rates but are at market rate.
- Allows residents to benefit from their Long Term Care Insurance policy
- Allows residents to self insure; therefore,
- With the LifePlan, residents only pay for long term health care services they need when they use them.