Financial Options for Life Care & Senior Living Costs

The financial options you want to make your dream retirement a reality.

Now more than ever, seniors are enjoying longer, healthier lives. But to pursue their lifelong dreams, their savings have to stretch further than ever. That’s why many of them are discovering the importance of having a smart plan for their future. As you examine your retirement community options and start to learn about the cost of senior living, you may wonder what the best choice is for your retirement lifestyle and budget.

As a Life Plan Community, Freedom Plaza offers an independent way of life filled with services and amenities you can enjoy throughout your retirement. Plus, our Life Care contract provides you with peace of mind knowing a full continuum of high-quality care is available on-site at predictable monthly rates.

Entrance fee and monthly fees

At Freedom Plaza, there’s a one-time entrance fee and ongoing monthly fees. Entrance fees start at $113,500 and monthly fees start at $3,230 for independent living. To better understand the following fees, we recommend you meet with one of our residency counselors:

Whether you’re in independent living, assisted living, memory care, skilled nursing or rehabilitation, your living accommodations, services, and amenities can be customized to suit your personal lifestyle and changing needs. Plus, we offer contract options that refund a portion of your entrance fee to you or your heirs, which represents true asset protection.

Flex Your Future

This program lets more seniors embrace the freedom of independent living by tailoring their senior living costs to suit their budget. You can customize your entrance fee by selecting your residence now with less out of pocket, then paying the remainder of that entrance fee on a flexible timeline.

Life Care

Our Life Care contract offers a way to pay for long-term care expenses that makes them more predictable — saving you tens of thousands of dollars over other long-term care options. When you consider that the Department of Health and Human Services says 7 out of 10 adults will need long-term care at some point, for an average of 3 years, Life Care can be a financial lifesaver!

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Take this two-minute assessment, powered by myLifeSite, to learn which Freedom Plaza floor plan is the best financial fit for you.

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Tax advantages

Most of our residents use part of the proceeds from the sale of their home to fund the cost of their independent living entrance fee. The IRS has ruled that portions of both your entrance fee and monthly fee are deductible on your federal income return as prepayment of medical expenses. To learn more, consult your tax advisor.

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Got a question?

Ask us anything you like about our independent living lifestyle, including ideas on paying for senior living. Simply use the form on this page, or call 813-418-6584.