Aging is something that we all must reckon with and it involves a lot of uncertainties. For instance, most of us will wonder, “How much care will I really need?” The U.S. Department of Health and Human Services states that “someone turning 65 today has almost a 70% chance of needing some type of long-term care services and support in their remaining years.”
While thoughts on this statistic may vary, the truth is we can never really anticipate the level of care required to maximize quality of life throughout our senior years. A continuing care retirement community, such as Friendship Village of Bloomington, encourages its residents to live independently for as long as possible. It also provides access to higher levels of care.
What Is a Continuing Care Retirement Community (CCRC)?
For example, at Friendship Village at Bloomington, a resident might start out in one of our independent living residences. Then, as someone ages, they may require a higher level of care. Eventually that person may choose to move to our assisted living or memory care residences.
On-site services at a CCRCs are determined by the type of Life Care contract that is agreed to.
Life Care Contracts Explained
Life Care contracts vary based on the community. There are three main contract types you will encounter when researching Life Care communities. “ Type A, Type B and Type C.
CCRCs that use a Type A contract provide the full continuum of care in exchange for an entry fee, which might be partially refundable to your estate, and monthly service fees. You pay more upfront to enjoy priority access to all levels of care at a predictable rate “ assisted living, memory care and skilled nursing, for life.
CCRCs that use a Type B contract, also known as a Modified Life Care contract, typically have a lower monthly fee, and possibly a lower entrance fee. Services and amenities may be similar to those provided at a Type A community, but your monthly rate may increase with care needs.
CCRCs that operate under a Type C contract generally require the lowest upfront fees and monthly service fees. However, residents often pay market rates for any additional health care services needed. Those costs can quickly add up if you require long-term care.
What type of Life Care community is Friendship Village of Bloomington?
Friendship Village of Bloomington is a Type A contract Life Care community. Our entrance fee is partially refundable and monthly costs remain steady, even if a resident’s needs change. In addition, all of our residents receive priority access to the complete continuum of care through our assisted living, memory care, skilled nursing and rehabilitation services.
On-Site Services at Friendship Village of Bloomington
Friendship Village of Bloomington is Minnesota’s only nonprofit Type A Life Care community. Because of this, we are able to provide our residents with access to high-quality services.
Our continuum of care includes assisted living, memory care, skilled nursing and short-term rehabilitation at predictable monthly rates below market costs. Recent investments in Friendship Village of Bloomington’s assisted living and memory care offerings allow for even better care. The multi-million dollar expansion created space for comfortable new private assisted living and memory care apartments as well as updated communal living spaces including dining rooms and activity areas.
Personal services available to residents at Friendship Village of Bloomington include:
- A variety of dining venues with custom menu options
- Scheduled transportation to local shopping and clinics
- Maintenance of all residences, common areas and grounds
- Weekly housekeeping and flat linen service
- Health and wellness offerings, including a personal trainer
From our on-site amenities to special events and activities, there is no shortage of things for residents to do at Friendship Village of Bloomington. Practice your swing year-round in our golf simulator or sign up for a class in our art studio. We also host a number of exciting community events for residents and guests to participate in.
Come Visit Friendship Village of Bloomington
Consider this your personal invitation to come tour Friendship Village of Bloomington, including our recent expansion. To learn more about our community and how we can best support you, please fill out the form below or call us at 952-831-7500.