Glad to be connected!
There’s a lot to consider when embarking on the next phase of retirement—and contacting us is a big step. (Well done!)
We’ll be in touch soon to share expert insights and resident perspectives that we hope are helpful, and one of our team members will also be reaching out to answer any questions you may have.
What is a Life Plan Community?
Continuing Care Retirement Communities (CCRCs), also known Life Plan Communities, are a senior living option that offer older adults a vibrant and independent lifestyle in an “all-in-one” approach at a single residential campus or location. They not only offer robust amenities and a host of organized activities, but also provide the added benefit of access to a comprehensive, on-site continuum of senior care.
This care typically includes assisted living, skilled nursing, and memory care services—when or if residents need a higher level of support or care. From a financial perspective, CCRCs typically require residents to pay an initial up-front entrance fee (sometimes called a “buy-in”), plus a monthly maintenance fee or service fee.
Some CCRC contracts build the need for future care into monthly fees (and offer inclusive care services on-site), while other CCRC contracts provide future care at market rates when those services are needed, with preferred access to on-site care. Vi at Lakeside Village offers both types of contracts.
What kind of care does Vi at Palo Alto offer?
The community provides a continuum of care which includes assisted living, memory support, and skilled nursing services. The assisted living, memory support, and skilled nursing services are provided in the care center. The care center is located on the community’s grounds.
Vi at Palo Alto is a Type A, or inclusive, Life Plan Community.
A Type A contract provides the most comprehensive continuing care coverage. A Type A contract generally provides for transfer to any of the community’s care venues for an unlimited time at little or no additional cost beyond the monthly fee paid while residing in independent living (including any ongoing monthly fee increases applicable to such independent living unit) and the costs of ancillary supplies and additional meals.