Think you can’t have it all? Eastcastle Place says you absolutely can.
As a Life Plan Community, Eastcastle Place welcomes you to live the active, independent lifestyle you want today with care services available on site, so you have a secure plan for the future.
With a prime location in Milwaukee’s beloved East Side, Eastcastle Place features welcoming independent living apartments in a variety of floor plan options – all maintenance-free. Come home to more possibilities and fewer responsibilities. We’ll take care of the everyday chores, like cooking and cleaning, leaving you with the freedom to spend your days any way you choose. With our top-notch amenities, robust programming, and chock-full events calendar, this is a place where you can do the things you love to do – not the things you have to do.
Best of all, live with complete confidence, knowing if your health needs change, higher levels of care, including assisted living, memory care, rehabilitation and skilled nursing, are available right here at below-market rates.
What is a Life Plan Community?
Life Plan Communities (also known as continuing care retirement communities) are senior living communities that provide several lifestyle options, so you can choose the one that fits your needs and the way you want to live. This includes a range of services, amenities, wellness programs and activities, all designed to help you stay healthy and independent for as long as possible.
Because Eastcastle Place is a Life Plan Community, you can enjoy your independent lifestyle now and be assured all levels of care are available on site when you need it, at a discounted rate for life.
What does a Life Plan Community cost?
There are two financial components with most Life Plan Communities: residents pay the entrance fee and the monthly fee.
Entrance fee: This is a one-time fee paid when you move into the community. It’s based on the size of the residence you choose and whether it will be just you or you and your spouse living in that residence. A portion of the entrance fee may be refundable.
Monthly fee: This helps pay for the services and amenities at the community. Depending on your contract, the monthly fee may or may not increase if you move to a higher level of living.
Life Plan Communities provide residents with access to several levels of care at fees significantly lower than market rates. As your health needs change, you have the appropriate level of support. At Eastcastle Place, we offer independent living, assisted living, memory support, rehabilitation and skilled nursing. Because we offer a Type B contract, you only pay for the services you use, and you get a $60,000 credit toward future on-site care.
Life Plan Community Pros and Cons
Moving to a senior living community – whether it’s a Life Plan Community or a rental community – is a big decision. There are a variety of factors to consider before you choose which community is right for you and where you’re going to spend your retirement years. So before you decide, consider some of the pros and cons of moving into a Life Plan Community like Eastcastle Place.
Benefits of Life Plan Communities
The ease of all-inclusive living. Life Plan Communities are all-inclusive. One fee covers everything, including your maintenance-free residence, many utilities, meals (communities offer several meal plan options), housekeeping, home maintenance, transportation, security, and access to amenities (like fitness centers and art studios), and programs.
The security of healthcare. With a continuum of care on site, Life Plan Communities allow residents to age in place. Residents can live with true peace of mind, secure in the knowledge that if healthcare needs change, the care they need is available on site. They are able to move from one level of care to another without leaving the community.
The comfort of human connection. In addition to the services and amenities offered at the community, residents live among peers with shared interests. This is a tremendous advantage for those who are single or widowed. The social connection and true sense of community can be very rewarding. Many Life Plan Communities offer a variety of social events, activities, programs, clubs, outings, travel and more. Living in a Life Plan Community offers the best of both worlds: a private residence with the comfort of knowing people are always around.
The flexibility for couples with differing medical needs. Couples who live in a Life Plan Community but have different healthcare or support needs don’t have the added burden of living apart. The community can often meet their needs while they reside in the same residence. If one spouse needs a higher level of care, it is still easy to see one another every day and even partake in the community’s programs and activities together.
Peace of mind for the entire family. A Life Plan Community not only offers residents the lifestyle they want with the security they need, but they also relieve a great burden from families. When a senior or senior couple resides in a Life Plan Community, their family knows that they are safe and well cared for, now and in the future.
Possible Cons of a Life Plan Community
Living in a Life Plan Community is an adjustment. For those who have lived independently in their own home for years, moving into a community is a big change. This is a new lifestyle and may take a bit to get used to.
A Life Plan Community is home to older folks. Let’s face it – only older adults live at Life Plan Communities. While that’s a wonderful way to meet new friends and connect with peers who share interests, it can be difficult for those who prefer living among people of all ages.
It takes time to find the right community. Each community has its own personality. You’ll want to tour and visit each one to find which one best suits you. There’s a lot to explore – from residence options, services, amenities, programs and location to the medical services – you’ve got a lot to learn. It can take time.
It can be costly. A Life Plan Community is the most expensive option for senior living; it also delivers the most from senior living. Because the entry fee and a monthly fee are required, the financial obligations can eliminate this from your senior living list.