Life Care Community in the Chicago Suburbs
Peace of mind for the many facets of a well-lived life.
As a Lifespace community, Oak Trace is proud to provide residents and their families with the powerful reassurance that no matter what the road ahead may bring, they’ll be protected. For you, the true benefit of making the move to the premier Life Care community in Downers Grove, IL, lies in the freedom this plan delivers.
It’s independent living backed by a complete continuum of care. It’s a resolute plan that protects everything you’ve worked for — your health, financial security and quality of life — while giving you a future filled with days that are easier, safer and more rewarding than ever. It’s the perfect framework for your ideal future.
Life Care is a cost-managed plan that:
- Gives you priority access to our assisted living, memory care, skilled nursing care and rehabilitation services, if ever needed
- Protects you and your estate from many of health care’s rising costs
- Offers substantial savings compared to the average cost of senior health care
- Makes your monthly fee predictable, even if you need additional levels of care
Get in touch using the form on this page to learn more about what makes Oak Trace the Life Care community in Downers Grove, IL, that allows you to live life with uncompromising confidence.
FAQs
Several IRS rulings have established that a portion of a Life Care community entrance fee and a portion of the monthly fees are deductible as prepaid medical expenses. You’ll be wise to discuss your individual tax situation with your personal tax adviser.
If you have a long-term care insurance policy, you might be eligible to receive benefits if you need assisted living, memory care or skilled nursing care. Your policy may work hand in hand with Life Care and pay earned benefits directly to you — but you should consult your insurance carrier for specific details about your policy.
If you outlive your resources for reasons outside your control and are unable to pay your monthly service fee, you’re still entitled to guaranteed priority access to on-site health care.