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What is a Continuing Care Retirement Community, and what are its advantages?
A Continuing Care Retirement Community (CCRC) offers seniors 62 years of age and above the opportunity to live in a residential community designed for people seeking an active, independent lifestyle. It also provides the added security of on-site short-term and long-term care if needed. Life Care residents may transfer to the Assisted Living area, Memory Care or Skilled Nursing facility if their needs change.
A CCRC provides financial security, value, flexibility, and peace of mind for residents and their families.
Do the residents own their Apartments or Garden Homes?
Residents of St. Catherine’s Village do not take title to their Apartment or Garden Home, but enter into an agreement which provides for occupancy of the living unit for as long as they are able to live independently. Residents have access to all community amenities and are guaranteed unlimited health care services in the on-site health care facility if the need arises.
I am still active and independent. Is St. Catherine’s Village right for me?
St. Catherine’s Village provides a unique opportunity for active and independent seniors to enjoy a retirement lifestyle with peace of mind for the future. Because St. Catherine’s Village features independent residential living in Apartments and Garden Homes, those who want to maintain their current lifestyle can do so without the burden of home maintenance.
May I have guests in the dining room? Can they stay overnight?
Absolutely! Guests are welcome to share meals with you in the Skylight Dining Room for a modest fee. Guests may stay with you in your Apartment or Garden Home, or if you prefer, overnight guest rooms are available at a nominal charge.
Are there any federal income tax benefits for residents of St. Catherine’s Village?
According to the current rules and regulations of the Internal Revenue Service (IRS), a portion of each resident’s Entrance Fee and Monthly Service Fees may be deducted as an itemized medical expense.
Is the Monthly Service Fee subject to change?
The Monthly Service Fee is reviewed annually by management and the Board of Directors. This fee is adjusted based on the actual costs for the services, staffing, operations, depreciation and other operating costs. St. Catherine’s Village maintains its costs at the lowest feasible level consistent with sound financial practices.