Life Plan Communities (also known as Continuing Care Retirement Communities or CCRCs) provide the answer for a growing number of older adults who are looking for the opportunity to enjoy a vibrant and enriching lifestyle with peace of mind for the future. The communities are designed for residents who wish to move in while they’re still active, independent and strong, and then relax and age in place. When they move into a Life Plan Community, they will be able to take advantage of higher levels of support as their needs change, without having to leave or move into a different community.
A Life Plan Community includes a promise to provide future care in exchange for the payment of an entrance deposit (often partially refundable) and monthly fees. Brazos Towers at Bayou Manor is a Life Plan Community that offers all the services that may be needed for the remainder of your life – Independent Living, Assisted Living, Memory Support, and Skilled Nursing & Rehabilitation. Furthermore, the residents are an integral part of the process. Our team of professionals work closely with each resident to explore the various options they have to choose from for their care, their lifestyle and their happiness. The human component is the key.
The primary difference between a Life Plan Community and Rental Communities is that Rental Communities typically do not include health care services or, if they do, they are not offered at reduced pricing for residents. While on the surface, it may seem that Rental Communities are a lower cost than a Life Plan Community, it’s important to understand that the services outlined for the initial costs may not be all-inclusive. Living at a Rental Community, one can incur costs which are drastically higher than previously anticipated if additional services become necessary.
If a resident develops the need for these services, the cost of care is fully the resident’s responsibility. Also, since these additional services are not always available on-site, residents requiring care may need to move away from the community in their greatest time of need. At a Life Plan Community such as Brazos Towers, however, you know where you’ll be cared for, who will be delivering the care and, best of all, that you’ll be paying substantially less than market rates for that care.
It’s not always easy to plan which services you’ll require in advance, so keep that in mind when making choices. Life Plan Communities tend to be all-inclusive in their pricing and offer discounts and benefits for additional support services as needed.
What is an Entrance Fee?
In developing the exceptional style of senior living that Brazos Towers offers, our goal is to create a financial arrangement that appeals to potential residents and provides the opportunity to meet the expenses of operating the community. The concept of our refundable entrance deposit program allows Brazos Towers and its residents that opportunity. Many residents apply the proceeds from the sale of their home toward the entrance deposit. This entrance deposit model makes it possible for residents to enjoy the wonderful benefits of Life Plan Community living and the assurance of multiple levels of care in the future at predictable costs. Residents enjoy knowing that a percentage of their entrance fee will be returned to them, their children or their estate in the future.What about Monthly Fees?
The monthly fee is generally equal to or less than the monthly cost of living residents formerly paid in their homes before moving, especially when one considers the cost of all of the services, amenities, taxes, insurances and upkeep included.
It depends on the size of the residence. We have a lot of senior apartments in multiple sizes to meet multiple needs. Monthly fees can range from $2,500 to over $8,000.
It’s best to discuss your options with a Retirement Counselor in person. Other costs can also apply, and all interested parties must be pre-qualified prior to residency. Those who qualify and who choose to live in our community receive what we call “Life Care“. Discounts and benefits in their future healthcare and the assurance of knowing if they outlive their assets they won’t be asked to move away.
Call or drop by for more specific information. We think you’re going to be very pleased with what we have to share with you!
Tax laws are, of course, constantly evolving and always subject to interpretation, but recent legal precedents have been favorable for Life Plan Community residents who have sought to deduct portions of their deposits and fees. Of course, you and your tax preparation professional should consult closely to determine the best strategy for your circumstances.
Visit with one of our Retirement Experts. We’ll pre-qualify you for life here at Brazos Towers at Bayou Manor, discuss what you can realistically afford, and create a plan together. Of course, we’ll do all this after making sure you’ve seen everything our Life Plan community offers so you’ll know that you’ll absolutely love living here!
There are three things that make Brazos Towers unique. First, our residents! We’ve got four generations of vibrant modern seniors with a life plan used to reduce their stressful responsibilities and chores. They are living their joy, assured that many of life’s little unknowns will be handled for them. Our residents are “InPower-ed” to make their dreams their reality, whatever those dreams might look like.
Second, our legacy! We’ve served generations of families since 1963.
Finally, our location is amazing. On our seven-acre campus covered with lush landscape and walking trials, our residents enjoy a beautiful oasis in the heart of Houston, Texas and the convenience of proximity to all of Houston’s most popular destinations.
There are several university studies that have shown persons living in retirement communities live more active, social, healthy lives for longer.
With our dedication to whole-person wellness, we provide an environment supportive of your physical, spiritual, intellectual and social needs. InPower supports these wellness initiatives with delicious and healthy meals, the pool and fitness center, walking trails, gardens, and a myriad of activities and opportunities for community involvement at your fingertips. Ask us how InPower can help you to live a long, meaningful, and healthy life.
To live here you must be 62 years or older and all of those interested in residency must complete an application process for pre-qualification.
Contact us today to learn more – 713-660-5000.
Brazos Presbyterian Homes (501(c)3) is the parent organization for Brazos Towers at Bayou Manor and The Hallmark, located in Houston, TX, and Longhorn Village in Austin, TX.
The fact that our organization is more of a boutique size and locally based allows us the ability to remain flexible to the specific needs of our individual residents.
