- Closing of Renaissance Terrace Assisted Living
Senior Citizens Home Assistance Service closed Renaissance Terrace Assisted Living on April 15, 2021.
Renaissance Terrace served the Knoxville area for 13 years with high-quality, affordable care in a modern assisted living facility. As a nonprofit, the Senior Citizens Home Assistance Service (SCHAS) facility was a less expensive option for seniors than other long-term care centers.
After careful and serious consideration, the SCHAS board reluctantly decided to close Renaissance Terrace Assisted Living, citing decisions by the TennCare CHOICES program that will force 45 seniors to leave the affordable care facility and likely resort to more expensive care elsewhere.
SCHAS will continue its long-standing program of home care to 2,000 seniors and disabled persons across East Tennessee. SCHAS sold the Renaissance Terrace building on North Broadway and relocated the corporate offices to 7721 Regal Lane, Knoxville, 37918.
Renaissance Terrace experienced sharply increased costs for labor, supplies such as food for residents, and liability insurance mainly because of the pandemic and record inflation. Staffing numbers dwindled despite recent pay increases. Renaissance Terrace lost approximately $30,000 a month, making the current financial situation unsustainable.
TennCare’s CHOICES program had been paying $1,100 per month for senior care, which is less than the monthly cost of serving a resident at Renaissance Terrace and considerably less than private assisted living facilities and typical nursing home care.
SCHAS and its board also urged CHOICES officials to increase reimbursement rates.
After years of no increases, the state raised funding assistance to $1,305 per month, still less than the cost of care, but with stipulations about how the money could be spent. Facing a crisis, SCHAS requested more flexibility to put the new funding where it would be needed most. TennCare officials in charge of the CHOICES program have not addressed the concerns of SCHAS and other long-term care facilities in this matter.
As of this date, the TennCare CHOICES program still has not released the $137,500,000 in new funds to home and community-based services (HCBS), such as Renaissance Terrace, from the American Rescue Plan Act (ARPA).
Renaissance Terrace residents and their families were informed of the closing, and SCHAS helped residents identify other care options in the area. Employees were offered severance packages. The current job market thankfully offers many opportunities for employment.
- Employees may request form 1095-C
Employees may receive a copy of their Form 1095-C, Employer offer of Health Coverage upon request. This request should be made to Ada Shannon at firstname.lastname@example.org, or by regular mail to Ada Shannon, CFO, SCHAS, 7121 Regal Lane Ste 100, Knoxville, TN 37918. Please call Ada at 1(865)523-2920, ext 4316 if you have any questions regarding this process.