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March 2018

FAQ: What do my Life Care entrance fee and monthly fees go toward?

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Pennswood Village is a Quaker retirement community located in Bucks County, offering area seniors an active, maintenance-free retirement lifestyle in an inclusive environment. With exceptional services and amenities, and a full continuum of healthcare services, Pennswood is a nationally respected organization.

Pennswood is also proud to offer a Life Care Contract, an agreement that guarantees residents priority access to multiple levels of healthcare services, such as personal care and skilled nursing, right on campus.

When you become a resident of Pennswood Village, you will pay a one-time entrance fee that covers the cost of the residence and future healthcare services. Thereafter, you will pay for a monthly service package that includes the upkeep of your residence, the community and campus, dining services, housekeeping services, utilities and so much more — all of which contributes to freeing your time.

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The Benefits of Life Care: Federal Income Tax Deductions

Pennswood Village is a proud continuing care retirement community that offers residents a maintenance-free lifestyle and a full continuum of healthcare services, all covered under a Life Care contract. But, what is a Life Care contract?

A Life Care contract is an agreement between a resident and the community that covers most future healthcare expenses. It is the most comprehensive level of healthcare coverage available in a retirement community. With this contract, residents pay a one-time entry fee, as well as a monthly service fee, that covers everything from campus maintenance and dining to amenity upkeep, utilities and programing. The cost of a Life Care contract is largely dependent on both the floor plan and contract type you select.

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