A Life Care community in Bloomington, MN — like Friendship Village of Bloomington — offers a wide variety of independent living services and amenities. It’s no surprise that as Minnesota’s only nonprofit Type A Life Care continuing care retirement community, we’re a popular choice for area seniors. Here, you gain the reassurance of knowing that if you ever need additional care, you can seamlessly move to the appropriate level of living. Our full continuum of care includes assisted living, also known as boarding care, along with memory care, short-term rehabilitation, and skilled nursing at predictable monthly rates that are below market costs. Home care through Lifespace Personal Services is also available for select services in your independent living residence.
Plus, part of your entrance fee and ongoing monthly fees may be tax-deductible, and a portion of your entrance fee will always be refundable to you or your estate. As with any financial decision, we recommend you consult your tax adviser about possible tax deductions with Life Care.
There are several senior living options near Minneapolis, but only a select few — including Friendship Village — offer the peace of mind and financial security of Life Care.
To learn more about the benefits of a Life Care community, fill out the contact form on this page.
Several IRS rulings have established that a portion of a Life Care community entrance fee and monthly fees are deductible as prepaid medical expenses. You’ll be wise to discuss your individual tax situation with your personal tax adviser.
If you have a long-term care insurance policy, you might be eligible to receive benefits if you need boarding care, memory care or skilled nursing care. Your policy may work hand in hand with Life Care and pay earned benefits directly to you — but you should consult your insurance carrier for specific details about your policy.
If you outlive your resources for reasons outside your control and are unable to pay your monthly service fee, you’ll still have lifetime occupancy.