{"id":1673,"date":"2023-01-12T22:37:17","date_gmt":"2023-01-13T03:37:17","guid":{"rendered":"https:\/\/electric-liquid.flywheelsites.com\/?page_id=1673"},"modified":"2025-11-14T13:03:12","modified_gmt":"2025-11-14T18:03:12","slug":"faq","status":"publish","type":"page","link":"https:\/\/peconiclanding.org\/resources\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
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Questions About Our Continuing Care Retirement Community<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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FAQs on Peconic Landing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is Peconic Landing and how is it different from other retirement communities?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Peconic Landing is an equity-model Continuing Care Retirement Community. While many retirement communities offer lifestyle amenities, Peconic Landing also offers a Lifecare contract. Similar to a long-term care policy, a Lifecare contract provides our members with access to award-winning assisted living, memory support, short-term rehabilitation, and skilled nursing should they need it, at no additional cost. This contract provides peace of mind while safeguarding a member\u2019s estate from the exorbitant out-of-pocket costs of long-term care. Peconic Landing is one of just 14 Life Plan or Continuing Care Retirement Communities (CCRCs) in New York State. It is overseen by the state Attorney General\u2019s office, the Department of Financial Services, and the Department of Health and Human Services. It is the first and only Lifecare CCRC in New York State offering equity ownership and the potential for appreciation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow is the community managed?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Peconic Landing is a not-for-profit organization. The organization\u2019s Board of Trustees works with the Peconic Landing Housing Association Cooperative and the Member Cooperative Committee to carry out the mission of Peconic Landing.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does Lifecare mean?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Lifecare is a relatively new concept in New York, providing members with access to a variety of long-term care services within one community. Members join the community living independently in a single-family cottage or apartment. As the member\u2019s care needs change over time, access to assisted living, short-term rehabilitation, memory support, and skilled nursing care are available at no additional cost. This allows members to age in place, surrounded by loved ones and friends in the home they have come to enjoy. As an added benefit for couples where both individuals are lifecare members, there is significant value, as this contract allows one member to continue to reside in his or her cottage or apartment home should the other need care in the Health Center \u2013 all at no additional cost.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan I move to Peconic Landing without signing a Lifecare contract?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Yes! In addition to our Lifecare contract, we also offer a Type C or \u201cfee-for-service\u201d contract. Similar to most Long Island retirement communities, our Type C contract offers the benefits of hassle-free homeownership while providing access to all of the lifestyle amenities available on campus. Members can also access Peconic Landing\u2019s award-winning assisted living, memory support, short-term rehabilitation, and skilled nursing care, if needed, at the fee-for-service rate. This contract provides peace of mind as the stresses of home maintenance and upkeep will be taken care of, with health services available nearby if needed. Type C members also have the opportunity to apply for Lifecare membership at a later date, if interested. This contract is an accommodating option for those who already hold long-term care insurance. All members pay a monthly service fee, which ranges in cost depending on the size of the home, covering all maintenance, housekeeping services, and lifestyle amenities. Individuals seeking services in the Health Center pay the fee-for-service rate.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does equity ownership mean?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Unlike many Lifecare communities that offer an \u201centrance fee\u201d model, Peconic Landing members purchase shares in a cooperative-type structure. This provides members with the benefits of homeownership with the potential for appreciation upon resale.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow do members gain appreciation?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Unlike the real estate market, the value of a residence at Peconic Landing is decided upon by the state Attorney General\u2019s Office and the Department of Financial Services. These offices approve increases to the share cost of the accommodations over time. As the share prices increase, members have the opportunity to benefit from that increase at the point of resale, with proceeds going to the member\u2019s estate. Since inception, Peconic Landing has paid out over $13 million in appreciation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tI\u2019m interested! How do I become a member at Peconic Landing?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Interested applicants are eligible for membership at age 62. Applicants are required to complete a medical evaluation for a Lifecare contract, as well as meet financial requirements to be approved for membership. If you are interested in becoming a member at Peconic Landing, please contact our team of dedicated retirement counselors at 631-419-9702<\/a> or email info@peconiclanding.org<\/a>. We\u2019d love to get to know you and discover if our community is right for you.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat benefits do I receive by joining the waitlist?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

By joining our waitlist<\/a>, you gain several advantages, including priority access to future available independent living floor plans and exclusive updates about our community. You will also receive information about priority events and activities, allowing you to connect with future neighbors and explore what Peconic Landing has to offer. Being on the waitlist<\/a> keeps you informed and engaged as you prepare for your next step in independent living.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat does it cost to live at Peconic Landing?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

For membership, interested applicants purchase shares in the cooperative specific to their accommodation, allowing for equity homeownership and the potential for appreciation upon resale. Members also make a one-time payment upon signing their Lifecare contract, securing their access to long-term care for life. Following these upfront costs, members pay a monthly service fee depending on the size of the home. The monthly service fee covers the cost of real estate taxes, homeowner\u2019s insurance, utilities, interior and exterior maintenance, dining, housekeeping, and transportation, among other lifestyle amenities. Under the Lifecare contract, it also covers the cost of long-term care the member may be receiving at any level. For pricing on specific floor plans, speak with a retirement counselor by calling 631-419-9702 or emailing info@peconiclanding.org.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat services are included in members\u2019 monthly service fees?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t