the art of living well

Skilled Care – Life Care
Assisted Living – Life Care
Mr. Jones has a Life Care contract with Eastmont
and has been a resident in the Care Center for
thirty (30) days. He previously resided in a onebedroom apartment, which had a monthly residential fee of $1,580 per month. Even though he
now needs a higher level of care, Mr. Jones continues to pay the same fee plus a charge for two
additional meals per day. If he were a community
resident, he would pay the private pay daily rate
of $205 per day, or $6,150 per month. The Life
Care discount or savings to Mr. Jones when he is
in the Care Center is $4,090 a month.
If Mr. Jones, a Life Care resident, transitions to
the Live-in Center (Assisted Living), his monthly
savings would be as follows:
less
less
$ 6,150 (private pay rate per month)
$ 1,580 (monthly residential fee)
$ 480 (monthly charge for additional meals)
$ 4,090 (Life Care discount, or savings per
less
less
$ 221,400 (private rate for three years in
less
$
less
$
less
plus
$
$
$
Eastmont’s Skilled Nursing Facility)
56,880 (three year monthly residential fee
for onebedroom apartment)
17,280 (three year charge for
additional meals)
63,950 (Life Care fee for one bedroom unit)
15,358 (28% allowable medical expense
on Life Care fee)
147,240 (savings to Mr. Jones under
Life Care contract)
Mrs. Smith lives in a local rental community, and
requires a non-medicare stay in a Skilled Nursing
Facility for 30 days. She could possibly incur the
following charges:
$ 2,031 (rental rate for a one-bedroom unit at a
Lincoln retirement community)
$
plus
72 (additional charge for local phone service,
extended cable plus one doctor’s
appointment)
$ 6,150 (Eastmont’s private pay rate –
$205 a day)
$ 9,966* (total cost to maintain his
apartment and utilize a Skilled Nursing
Facility)
* This estimate is conservative since most Skilled Care Facilities
base charges on a point system and the cost for an independent residence could be far greater.
3,390
1,580
480
1,330
(private pay rate for the Live-in Center)
(monthly residential fee)
(monthly charge for additional meals)
(Life Care discount, or savings to
Mr. Jones)
Consider the savings on your monthly
residential fee alone:
the art of living well
$ 2,031 (approximate rental rate for a onebed
plus
month to Mr. Jones)
If Mr. Jones stays in the Eastmont Towers Care
Center for three years prior to his death, he could
save a total of $147,240:
$
$
$
$
less
plus
room unit at a Lincoln retirement
community)
$ 72 (additional charges for local phone
service, storage unit, extended cable
plus one doctor’s appointment)
$ 2,103 (total approximate monthly rental
rate for a one-bedroom unit at a
Lincoln retirement community)
$ 1,580 (one-bedroom rate at Eastmont Towers
under Life Care contract)
$ 523 (monthly savings before allowable
medical expense)
$ 427 (27% allowable medical expense
on monthly residential fee)
$ 950 (monthly savings to resident living
at Eastmont Towers)
$11,400 Annual Savings to Eastmont Towers
Resident including allowable medical
expense
“Our parents, Bea and Bob Kleis, gave us
a great gift five years ago when they moved
into the Eastmont Towers Community. We,
along with their four adult grandchildren,
living several hundred miles from Lincoln,
appreciate knowing that they are enjoying an
active retirement in security and comfort with
the assurance of Life Care fee. Airplanes, e-mail
and telephones keep us in frequent contact
and aware of their happiness there. Thank you
caring Eastmont staff and friendly neighbors.”
DOLLARS
&
SENSE
THE EASTMONT TOWERS COMMUNITY
Grateful “Kids” Cinthia (Kleis) Johnson
& Pamela (Kleis) Trimmer
6315 O Street, Lincoln
402-489-6591
w w w. E a s t m o n t To w e r s . c o m
Retirement shouldn’t be just a
new part of life. It should be
the best part! The Eastmont
Towers Community understands
how important your financial
security and independence is,
that you’ve looked forward to
retirement and that you enjoy
your active and unique lifestyle.
We understand that you’ve
invested your money wisely and
planned for your future.
Eastmont’s Life Care contract
protects your assets and provides a financially stable transition when your needs change.
At Eastmont, you have the
peace of mind and security you
need.
The Value of Continuing
Care Retirement
The value of true continuing
care is beyond measure for
today’s active seniors and their
families. This particular
brochure focuses on the dollars
and cents and how you or a
family member might benefit
financially from this investment.
One of the key benefits of the
life care contract is the commitment the Eastmont Towers
Community makes to its residents; this includes the promise
that their health care needs will
be met regardless of the level of
care required or a change in
financial status. This commitment, one that NO other retirement facility in Lincoln can
offer, allows an individual or a
couple to safeguard their investments and their income.
Allowing for inflation, Eastmont
residents with a life care contract have a clear picture of
what their costs will be as their
health care needs increase. At
Eastmont, our residents enjoy
the guarantee that all their
future health care needs will be
met as well as the assurance of
financial security for themselves
and their family.
Tax Advantage
When you choose a Continuing
Care Retirement Community as
your home, the Internal
Revenue Service recognizes that
you are making an investment
in your health care. As a result,
a portion of the Life Care Fee
and a portion of the monthly
residential fee for Independent
Living are allowable as a medical expense. This amount is
determined annually by
Eastmont’s auditing firm
according to IRS regulations. In
2006, new residents were entitled to take 28% of their onetime Life Care Fee as an allowable medical expense. All
Eastmont residents in
Independent Living were entitled to take 28% of their
monthly residential fees as an
allowable medical expense. For
most of our residents this is a
significant financial benefit.
What is a Continuing Care
Retirement Community?
These communities offer seniors
independent living, assisted living and skilled nursing care all
on the same campus. As a
result, when an individual’s
needs change, there is a
smooth transition to the higher
level of care. At Eastmont, we
make a promise to each of our
residents. That promise can be
summed up in one word:
Knowing. Moving to Eastmont
means knowing you’ve taken a
proactive approach to your best
days yet to come. It means
knowing you’ll have as much
independence as you want and
as much care as you need. Your
needs may change, but our
promise stays the same. It’s
good to know there’s always
someone you can count on.
I have heard there is a Tax
Advantage. Can you
explain how it works?
The IRS recognizes that when
you choose a true Continuing
Care Retirement Community as
your home, you are making not
only an initial but an ongoing
investment in your health care.
As a result, a portion of the Life
Care fee and a portion of the
monthly residential fee for
Independent Living are allowable as a medical expense. This
amount is determined annually
by Eastmont’s auditing firm
according to IRS regulations. In
2006, new residents were entitled to take 28% of the onetime Life Care fee as an allowable medical expense. All
Eastmont residents in
Independent Living were entitled to take 28% of their inclusive monthly residential fee as
an allowable medical expense.
For most of our residents this is
a significant financial benefit.
Assisted Living
Skilled Care
Rehabilitation Care
According to Metlife.com
“Assisted Living is defined as a
housing option for older adults
promoting independence and
autonomy while also providing
services to assist aging individuals with daily living.”
According to Metlife.com “70%
of people over the age of 65
will need some form of long
term care, and today Americans
are living to an average age of
77. The average length of stay
for those who use such a facility
is 2.4 years.” Remember,
Medicare has strict limitations
on its reimbursement for long
term care and covers only
about 14% of long term
Nursing Home costs.
The Eastmont Towers
Community also provides
residents medical and physical
rehabilitation services after
hospitalization. Fourteen of the
48 Skilled Care beds are
Medicare certified and
Eastmont files all Medicare Part
A & B as well as supplemental
insurance claims on behalf of
our residents. Eastmont’s fulltime geriatric certified Physical
Therapist and professional staff
are dedicated and committed
to delivering exceptional
patient care.
According to a recent MetLife
Market Survey of Assisted Living
Costs, “the cost of care in an
assisted living facility is rising
rapidly and in many areas, is
outpacing inflation. In addition,
fees sometimes added to the
monthly base cost for services,
such as meals delivered to the
living quarters and dementia
care, may add up and should
be researched carefully.”
In fiscal year 2005-2006
approximately 48% of the total
population receiving assisted
living services in the Live-in
Center and The Seasons at the
Eastmont Towers Community
were residents who transitioned
to this level of care from
Independent Living and are
covered under the Life Care
contract.
The private pay rate at
Eastmont Towers for individuals
not covered under the Life Care
contract is $5,760 a month or
approximately $70,000 a year.
If a resident were to stay the
average 2.4 years the minimum
cost to them would be
$163,200.
In fiscal year 2005-2006
approximately 45% of the
residents receiving long term
care in our Skilled Nursing
Facility had transitioned to this
level of care from Independent
Living or Assisted Living and
were covered under Eastmont’s
Life Care contract. Their average cost was $2,189 a month.
The professional staff/patient
ratio is 1:5 on the day shift and
1:6 on the evening and night
shift.
In fiscal year 2005-2006 an
average of ten Life Care
residents a day received these
rehabilitation services in the
Care Center.
The staff also serves residents
and community patients in the
Outpatient Clinic. In this
location, individuals enjoy
the upbeat and enthusiastic
professional care provided and,
with staff guidance, strive to
reach their best functional
outcome.
Outpatient Rehabilitation
services are provided to
between 15-25 patients each
month representing 40-80 clinic
visits.
the art of living well
Continuing Care Retirement Community
Independent Living
Life Care and Monthly Residential Fees
Monthly Residential Fee
Life Care Fee
Apartment Style
Single
Occupancy
Single
Occupancy
Deposit
First
Person
Second
Person
Petite
$1,485+
$2,449
10% of Life Care Fee
$32,500+
$17,500
1 Bedroom
$1,580
$2,544
10% of Life Care Fee
$63,950
$17,500
Large 1 Bedroom
$1,864
$2,828
10% of Life Care Fee
$86,200+
$17,500
1 Bedroom w/Den
$2,371
$3,335
10% of Life Care Fee
$97,000
$17,500
2 Bedroom
$2,371
$3,335
10% of Life Care Fee
$107,000
$17,500
Deluxe 2 Bedroom
$2,371
$3,335
10% of Life Care Fee
$127,900+
$17,500
Standard Occupancy Agreement
• An applicant must be at least 62 years of age, and if there is a married couple involved, at least
one of the partners must be age 62.
• Applicants are accepted for admission on a non-sectarian and non-racial basis.
• Eastmont Towers reserves the right to pass on the eligibility of each applicant.
• The Occupancy Agreement and the Life Care fee are not construed as a lease and do not create
any interest in the real estate or property for the occupant.
• Occupants are guaranteed lifetime care.
• It is a stated policy of the Eastmont Towers Community that an occupant’s residency shall not be
terminated solely by reason of the financial inability of the occupant to pay monthly fees.
• The methods by which the occupancy of a resident may be terminated are set forth in the
Occupancy Agreement.
• Since Christian Retirement Homes, Inc. is a nonprofit corporation and the Articles of
Incorporation provide that no part of the net earnings shall inure to the benefit of any member
or individual, it is the policy of the Eastmont Towers Community to furnish services and
amenities at the lowest possible cost to the residents, consistent with sound financial
management practices.
THE EASTMONT TOWERS COMMUNITY
6315 O Street, Lincoln
402-489-6591
w w w. E a s t m o n t To w e r s . c o m
Health Care Facilities
The Eastmont Towers Community has a 48 bed Care Center. All 48 beds are licensed by the State of
Nebraska as skilled nursing beds. Of the 48 beds 14 are certified under the federal Medicare A program. The Community also owns and operates an Assisted Living facility specializing in end of life
care at 4201 South 78th. The Care Center, the Live-in Center, THE SEASONS and THE MONARCH
are under the supervision of a staff of licensed healthcare professionals who are on duty 24 hours.
The Medical Director is a staff physician who is a duly licensed medical doctor admitted to practice in
the State of Nebraska, and who is on call on a 24 hour basis. The services of a geriatric certified registered physical therapist is also available to all residents. The Eastmont Towers Community offers the
services of a registered dietitian and a registered pharmacist who are retained on a consultant basis.
Each independent and assisted living unit on the campus located at 6315 O Street is connected to
the Care Center by an emergency call system. Christian Retirement Homes, Inc. dba the Eastmont
Towers Community holds license no. 504003 issued by the State of Nebraska to operate a skilled
nursing facility under the Health Care Facility Licensure Act.
Items Included in Regular Monthly Residential Fee
Taxes, assessments, cable television all utilities except long distance telephone service. Repairs and
maintenance to corporate owned real estate and personal property, weekly flat laundry service, transportation to all physician and dental appointments, transportation to scheduled activities and shopping, Chaplain and religious life programs, exercise classes and activities events.
Independent living apartment residents will receive bi-weekly housekeeping and one meal a day in
the common dining rooms.
Services Not Included in Regular Monthly Residential Fee
Extra meals, ancillary charges in skilled care, prescription drugs, long distance phone service, special
phone listings, special phone equipment, garage rental fees, beauty salon services or personal contents insurance.
Cancellation Rights
A new resident shall have the right to cancel their occupancy agreement within three business days
after the date the contract is executed or within three business days after the delivery to the new resident of the public-offering statement, whichever is later. A new resident may cancel the contract by
hand delivering or mailing, postage prepaid, a written statement of cancellation to the Eastmont
Towers Community. A full refund will be issued within thirty days after receipt of the cancellation
notice. In the event the Occupant wishes to terminate their Occupancy Agreement after the three
day right to cancel period and prior to assuming occupancy the refund will be reduced by a termination fee of One Thousand Two Hundred Dollars per the terms of the signed Occupancy Agreement.
The Occupant shall also be required to pay for any additional costs and expenses specifically incurred
by Eastmont Towers on behalf of the Occupant, including but not limited to preparing the Unit for
Occupant.
Life Care Fees and Monthly Residential Fees are based on the size of the apartment
home. At least ten percent (10%) of the Life Care Fee is due upon execution of the
Occupancy Agreement for Life Care.
the art of living well
Continual Care Retirement Living can help to preserve your estate.
The Eastmont Towers Community understands that you expect excellence in your retirement; from
your investment, from the facility and from the staff. We recognize the importance of wellness and
fitness. Our services and amenities are designed to enhance your independent and active lifestyle. At
Eastmont, you will find a variety of fellowship opportunities and events for your enjoyment. We invite
you to explore retirement living at Lincoln’s most experienced and established retirement community.
You protect your investments and income with a clear picture of what your future expenses could be
should your needs change. Can you imagine a more substantial return on your investment?
Each apartment is priced individually. Entrance Fees range from $31,450.00 to $128,450.00+ for the
first person. The second person entrance fee is $17,500.00.
Monthly fees
Monthly apartment fees range from $1,485.00 to $2,371.00 for one person.
For a couple, the monthly fees range from $2,449.00 to $3,335.00+.
You live in an apartment home where you enjoy complete independence. You choose where you will
receive your health care as your needs change relieving you and your family of a decision that sometimes must be made in haste.
Your family is secure in the knowledge that your needs will always be met and you can feel
comfortable knowing you will remain on campus among the staff and friends you have come to love.
Your spouse is on campus for support and to visit you anytime. There’s never a need to worry about
making transportation arrangements to see your loved one should they require a higher level of care.
Why delay?
An early decision could provide additional years of independent living in a lovely apartment home
giving you even greater return on your investment.
Remember, a portion of the entrance fee and monthly residential fee is tax deductible as a medical
expense. We encourage you to call for an appointment and tour, at which time we will be pleased to
meet with you, and share the Eastmont story.
THE EASTMONT TOWERS COMMUNITY
6315 O Street, Lincoln
402-489-6591
w w w. E a s t m o n t To w e r s . c o m
the art of living well
Security for your future
Three Levels of Care
Activities
Since Eastmont provides Independent Living,
Assisted Living, and Skilled Nursing Care, you’ll
always have the security of a continuum of care.
With the wide variety of activities Eastmont
offers, you have plenty of fellowship opportunities. You can continue to learn and grow
through wonderful new experiences and enjoy a
host of new friendships.
Founded in 1968
Since 1968, Eastmont has been a leader in retirement living. For nearly 40 years we’ve provided
the highest quality of care to our residents. We’ll
continue to do so for you.
Tax Deduction
As an Eastmont resident, our CCRC designation
entitles you to an annual tax-deduction on your
living expenses.
Christian-Based
Eastmont was founded on a Christian base by a
Board of Ministers and Pastors. Today we
uphold this spiritual foundation while celebrating
diversity through our non-denominational
atmosphere.
Life Care Fee
Your life care fee assures you financial security,
can help to preserve your estate and replaces the
need for a long-term care insurance plan.
Dining
Ask any of our residents and they will be happy
to tell you about our fine cuisine. Eastmont provides a flexible meal plan, so you won’t have to
decide today what you want to eat for dinner
two weeks from now.
Customized Apartments
Our in-house construction crew and maintenance staff will customize your apartment to
your specifications when you move in, so you
can enjoy all the amenities of your new home.
Professional Staff
Our physical therapy staff, health clinic nurses,
fitness experts, and dietary consultants are all
available to help keep you active and healthy.
Security
Eastmont employs a full-time night watchman.
When it’s time to take a vacation or visit the
grandchildren all you have to do is pack your
suitcase and lock the door behind you. When
you return, your apartment home will be just as
it was the day you left.
Community Outreach
Locally owned and operated, Eastmont is committed to the city of Lincoln and its families.
Residents and staff alike are active and involved
in community outreach programs. Our roots
run deep and it’s important to us to make a difference in the lives of our neighbors and friends.
THE EASTMONT TOWERS COMMUNITY
6315 O Street, Lincoln
402-489-6591
w w w. E a s t m o n t To w e r s . c o m