Making Sense of Senior Living Community Contracts: Payments, Budgets, Fees and More

Younger woman sitting at a table talking with an older woman while filling out paperwork.

So you’ve decided to move into a senior living community, and now you have lots of decisions to make. Some decisions are fun, like selecting your floor plan and color scheme. Others can seem a bit more intimidating, like choosing a contract that specifies what you’ll pay for the services you need—both now and down the road.

But if you’re starting to have visions of spreadsheets dancing in your head, relax! We’re here to help you sort through it all.

Want a secure plan for your future? Choose a long-term contract.

Our Life Care and Continuing Care contracts include an entrance fee and monthly service fee. The entrance fee goes toward your home and general community management, plus the cost of future health care at a guaranteed discount. Meanwhile, the monthly service fee helps cover our numerous amenities and activities. Both offer guaranteed access to health care for all levels of living.

What’s the difference between a Life Care and a Continuing Care contract? Life Care contracts tend to cost a bit more than Continuing Care contracts. However, with a Life Care contract, your future health care costs are “built in” at a fixed rate. So, you don’t have to worry about rising costs. Continuing Care contracts, on the other hand, provide a 10-15% discount on market rates.

You should also know that some, or all, of your entrance fee is refundable with certain contracts, which can help protect your financial legacy. At Blue Skies of Texas, most of our residents choose a Continuing Care contract with a standard 42-month declining balance. If you decide on this option, your entrance fee will no longer be refundable after 42 months. Instead, you can rest easy knowing you have access to all levels of care, plus an array of services and amenities.

Not sure about making a long-term commitment? A Rental contract might be just what you need.

With a Rental contract, there’s no entrance fee, only the monthly service fee, which tends to be higher than with our long-term contracts. You’re also not guaranteed access to all levels of care, and pay out-of-pocket for health care services. However, you will have higher-priority access to our health care services than non-residents.

 There’s also a whole lot of fun, energetic living packed into the monthly fee at Blue Skies of Texas. For starters, it covers all your day-to-day services, programs and activities. Plus, your meal plan stipend allows you to enjoy carefree dining at the restaurants, cafés and bistros on both of our campuses.

And of course, the monthly fee also includes things you’re probably tired of doing—like housekeeping and yard work. And that means you can spend your time relaxing, socializing and enjoying all the programs and amenities that our community has to offer.

At Blue Skies of Texas, we take care of you through tough times.

We understand that difficulties can happen. That’s why Blue Skies of Texas offers financial assistance to residents under our Life Care and Continuing Care contracts.

If you run out of money through no fault of your own, we promise, through our charitable foundation, to take care of you for the rest of your life. This promise applies to independent living, as well as our continuum of care services, should you ever need them. You’ll be hard-pressed to find peace of mind like this at a for-profit community!

No matter which contract you choose, your happiness is our guarantee.

At Blue Skies of Texas, we know that one size doesn’t fit all, which is why we offer a range of contract options to suit different life scenarios. Our counselors are very well versed, and have years of experience helping folks weigh their options and make a decision that will ensure a lifetime of freedom, fulfillment and security.

All of our entrance-fee contracts have one thing in common: our 100% Happiness Guarantee. If, for any reason, you decide to move out within six months of your move-in date, we’ll refund 100% of your entrance fee. That’s how confident we are that you’ll love it here.

Give us a call at 210-673-2761, and we’ll be glad to help you find the best contract for your needs.

Want a deeper dive into the financial side of things?

Our website is equipped with convenient tools, like our money gauge calculator, that will give you a more thorough idea of which contract is right for you.

You’ll also want to attend our free in-depth financial webinar:

Understanding Your Contract Options
Thursday, November 16
2:00 p.m. CST

Our financial experts will be on hand to bring you more detailed information about our long-term contracts and rental plans. And they’ll be happy to answer any questions you may have.

To sign up for this important discussion, use this link.