Senior Living Contract Types Explained
When researching your senior living options, understanding the costs and contract types can be tricky. There are three distinct types of contracts – Type A, Type B, and Type C – each with its own set of benefits and financial structures. At Montereau, we offer several contracts of different types so each resident can choose the best option for their unique situation. To help make an informed decision, here’s a brief look at what Type A, Type B and Type C contracts entail. Type A Type A is often referred to as a Life Care contract. It provides the most comprehensive coverage and predictability when it comes to long-term care costs. Under a Type A contract, you pay a higher entrance fee and monthly service fee. However, this contract ensures that regardless of the level of care you may need in the future – whether it’s assisted living, memory care or skilled nursing or rehabilitation therapies – your monthly fee