If you are researching Life Plan Communities, you will find that there are several types of contracts. SVWC offers both Lifecare and Modified Care options.
A cognitive assessment performed by a member of our social services team, as well as a physical evaluation performed by your physician, are two key components of the evaluation. A member of our clinical team will meet with you in person and review your documents. The assessment will also address activities of daily living (ADLs) to help us assess each prospective resident’s appropriate level of care and whether any particular set of needs can be met successfully. The health assessment is time-sensitive and is not administered until 60 days prior to the date of the contract.
New resident health evaluations are required for Lifecare and Modified contracts. This is because Lifecare and Modified contracts are actually forms of insurance. Since we are sharing certain levels of risk with our residents, an evaluation of health status as it relates to anticipated long-term care needs, is crucial. This process is standardized and applies well-established, third-party actuarial tools.
An applicant must be deemed financially eligible based on income and assets that are reasonably projected to be adequate, based on average life expectancy. If a financial assessment is conducted long before residency, a financial assessment must be reviewed again 60 days prior to the date of the contract. SVWC’s normal minimum age requirement is 60.
All of the information gathered during the health evaluation, as well as the financial assessment, is presented to the SVWC admissions committee. SVWC considers applications without regard to sex, race, religion, disability, creed, national origin, or employment history.