Life Plan Communities are senior living communities that offer independent living along with a spectrum, which can include memory care, skilled nursing, and rehabilitation – if or when it’s needed.

The three most common kinds of Life Plan Communities are Type A, Type B, and Type C. At a Type C fee-for-service community like Monarch Landing, you don’t have to pay for health care services you may never need. Instead, this is a senior living option that offers care only when needed, so you pay only for what you need at market rates.

This type of community comes with the lowest upfront admission payment (or entrance fee) to ensure you have priority access to personalized care and predictable senior living costs.

The admission payment is paid when you move to Monarch Landing. This monthly rate fee guarantees:

• Access to all levels of health care should your needs change.
• If you outlive your financial resources, you will never be asked to leave.
• Our Return of Capital plan ensures that no matter how long you live here, a substantial portion of your upfront costs will be returned to you or your estate.
• Upon reoccupancy of your residence, should you leave Monarch Landing for any reason, a portion of your entrance fee will be refunded.

How the Admission Payment Works

The monthly fee at Monarch Landing covers senior living costs in Illinois you might otherwise have in your home, including:

• Maintenance
• A Preferred Choice dining plan
• Utilities
• And much more

In addition, all of the services and amenities Monarch Landing offers are included, with a few exceptions.

Yes! Your long-term care insurance may actually have the most value at a Type C community like Monarch Landing.

When does my insurance policy come into play? If you need help with activities of daily living (ADLs) without assistance, then you can file a claim to have your long-term insurance help cover the costs according to the guidelines in your policy.

How much will it pay? How much benefit you receive depends on the type of long-term care insurance policy you have. A reimbursement policy, which is the most common type, pays for the cost of care up to the daily or monthly limit stated in your plan.

Policies differ among insurance companies and have changed over time. Please check with your financial advisor about the benefits of your specific long-term care insurance policy.

How much benefit you receive depends on the type of long-term care insurance policy you have. A reimbursement policy, which is the most common type, pays for the cost of care up to the daily or monthly limit stated in your plan. A cash-indemnity policy pays a predetermined amount every month regardless of how much your care costs. You can use the cash benefit however you want. Check with your financial advisor about the benefits of your specific long-term care insurance policy.

Should you need care and support because you are unable to perform activities of daily living (ADLs) without assistance, then you can file a claim to have your long-term insurance help cover the costs according to the guidelines in your policy.

The average monthly cost of senior living in Illinois is $5,836 per month. The monthly Life Plan Community cost at Monarch Landing starts at $3,232 for a one-bedroom apartment home, which covers the cost of home maintenance, all amenities and services, dining options, and more.