LifeCare Retirement Community in Collierville, TN
A smart decision for a lifetime.
LifeCare really is one of the smartest, most comprehensive planning tools available to today’s seniors. As a LifeCare retirement community in Collierville, TN, The Farms at Bailey Station offers more than just access to higher levels of care – the benefits start from your very first day here.
What Is a LifeCare Community?
LifeCare, also known as a Type A continuing care retirement community (CCRC) contract, is one of the most comprehensive and financially sound planning tools available to today’s seniors. As a LifeCare community, The Farms at Bailey Station combines maintenance-free independent living with guaranteed, priority access to every level of care you may ever need: assisted living, memory support, skilled nursing, and rehabilitation—all on one campus, all at predictable monthly rates.
Unlike fee-for-service or modified CCRC contracts, LifeCare means your monthly fees will not increase simply because your care needs do. You lock in your care costs today, protecting yourself and your family from the ever-rising price of senior healthcare.
The Benefits of LifeCare Starting from Day One
The benefits of LifeCare at The Farms don’t wait until a health event occurs. From your very first day as a resident, LifeCare is working for you:
- Predictable senior healthcare costs—your monthly fees won’t rise just because your care needs change
- Peace of mind knowing your future care is already planned for
- Removes the burden from your children and family
- Couples stay close—all levels of care are right here on campus
- Multiple contract options, up to 90% refundable
- Potential tax benefits from your monthly service fee*
- Lifetime maintenance-free living
* consult your financial or tax advisor
Comprehensive Care. One Campus.
What sets The Farms apart as a continuing care retirement community in Collierville is simple: every level of care you could ever need is right here. With Jordan River Health Campus on-site, you’ll never have to leave the community—or the friends and staff—you’ve come to love. For couples who may eventually need different levels of care, this matters more than almost anything else. Each person gets exactly the care they need while staying close to each other.
As a retirement community near Memphis with skilled nursing, assisted living, memory support, and rehabilitation all on one campus, The Farms offers a level of continuity that simply isn’t possible when care is coordinated across multiple locations.
- Assisted Living: Personalized support for daily activities while maintaining your independence
- Memory Support: Specialized, compassionate care for residents living with Alzheimer’s or dementia
- Skilled Nursing: 24/7 clinical care for complex health needs and post-hospital recovery
- Rehabilitation Services: Physical, occupational, and speech therapy to restore strength and function
- Respite Care: Short-term care options available to the broader community
Jordan River Health Campus services are also available to the public, but LifeCare residents of The Farms always receive priority access and the benefit of stable, predictable pricing.
Our children feel like we have made the right decision. I think they are beginning to see the value for themselves. It’s good for us and it takes the burden off of them.
Mary Lois Thomas, Founding Depositor
Predictable costs, outstanding care
As we age and our needs change, LifeCare addresses the two things that matter most: access and cost. For residents of this senior living community with all levels of care in Collierville, there’s no guessing about where to find care in the future—it’s already here, and it’s already covered. When it comes to the ever-rising cost of healthcare, The Farms residents rest easy knowing their fees remain steady and predictable senior healthcare costs are a guarantee, not a hope.
Your questions about LifeCare, answered.
Frequently Asked Questions About LifeCare
A LifeCare community (also called a Type A CCRC or continuing care retirement community) is a senior living community that guarantees residents access to every level of care—from independent living through skilled nursing—for the rest of their lives, at a stable monthly fee that does not increase based on care needs. Residents pay an upfront entrance fee and a predictable monthly service fee. The Farms at Bailey Station is a LifeCare community in Collierville, Tennessee.
LifeCare protects against rising healthcare costs by locking in your access to assisted living, memory care, and skilled nursing at the same monthly rate you pay as an independent living resident. While fees may adjust slightly for inflation over time, they will never increase because you require a higher level of care. This is the fundamental difference between a LifeCare contract and other senior living arrangements, where care costs are billed at full market rates when needed.
At The Farms at Bailey Station, all levels of care are available on the same campus at Jordan River Health Campus. If one partner requires assisted living or skilled nursing while the other remains in independent living, both spouses stay on the same campus—just steps apart. You will continue to see each other, share meals, and remain part of the same community.
The Farms at Bailey Station offers multiple LifeCare contract options, including entrance fees that are refundable up to 90%. The exact refundability depends on which contract option you select. This means your entrance fee can function as part of your estate plan, with a significant portion passed on to your heirs.
A portion of your LifeCare entrance fee and monthly service fees may qualify as a pre-paid medical expense deduction under IRS guidelines. The amount that is deductible varies based on your individual contract and the percentage of fees allocated to healthcare services. We recommend consulting your financial or tax advisor to understand the specific tax advantages available to you.
All LifeCare communities are CCRCs (continuing care retirement communities), but not all CCRCs offer LifeCare contracts. A LifeCare contract is the most comprehensive contract type a CCRC can offer, providing unlimited access to all care levels at no additional monthly cost. CCRCs that offer other contracts may provide less comprehensive coverage, with care costs either limited in duration or billed at full market rates. The Farms at Bailey Station offers a LifeCare contract.
The best first step is to schedule a personal tour and meet with our team. We offer a LifeCare Q&A guide that walks through all contract options, financial considerations, and what to expect as a resident. You can also attend one of our upcoming events to experience our campus and community firsthand.
Ready to Learn More About LifeCare?
The Farms at Bailey Station is a premier LifeCare community in Collierville, Tennessee—just minutes from Memphis. Schedule a personal tour, request our LifeCare Q&A guide, or attend an upcoming event to see why so many seniors and families choose The Farms as the smartest decision they’ve ever made.
