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The concept of life care was developed to meet the elderly need for an independent way of life, and to give them the security of guaranteed, affordable health care and other services. Life care is generally regarded as a kind of social and health insurance plan for the aging. Life care facilities or continuing care retirement communities vary widely in their financing arrangements, in the type of housing available and in the range of services provided. Consequently, a variety of definitions exists. Similar to other kinds of nursing homes and congregate housing for the elderly, they provide independent living units, such as apartments or cottages, and they offer various social, maintenance, health care and recreational services, usually on the premises. In exchange for these services, residents pay a substantial fee. But the distinguishing feature of the Retirement Communities Braselton, as defined here is the continuing care or life care contract. Under terms of the contract, which lasts for more than one year or for life, the community promises to provide housing, health care and various services, and the resident agrees to pay, beforehand, certain fees in order to aid cover the cost of these services. Although the fees cover the cost of housing, these payments do not give the resident any owner¬ship rights. The earlier life care communities required residents to turn over all of their assets in return for lifetime shelter and services. Today most communities require payment of an entrance fee and a monthly service charge. As with any type of insurance plan, the advanced funding for future services provides the financial foundation of CCRCs. The community pools the revenues it collects from residents, including entrance fees, monthly fees and Medicare, Medicaid and private in¬surance payments. Although residents selecting similar units will pay similar fees, the cost of providing services to them will vary since some will live longer than others and some will require more nursing care. In principle, the excess costs incurred by these resi¬dents will be covered by the reserved pool of funds received from others who need fewer services. Life care communities are generally selective in admitting elderly individuals. Residents usually have to be a certain minimum age, have a minimum level of assets, have no pre-existing serious health problems, and be covered by Medicare and private insurance plans. The result of this selective admissions policy is that Retirement Communities Braselton residents tend to be healthier and wealthier than the elderly in the general pop¬ulation. If you are an online enthusiast, who is looking for information on www.assistedlivingbraseltonga.com, the reviews and articles provided by the author could be the best option. You will find all the necessary information and details on his articles.
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