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:
The amount of your entrance fee is based on the size of residence you choose, the number of occupants, and the type of contract you sign. The more square footage, the more your entrance fee. This fee not only covers your residence, but also gives you guaranteed access to any future care you may need at less than market rates.
Your monthly fee covers home maintenance and property taxes, utilities, your dining plan, fitness membership, a beautifully maintained campus, and dozens of other services and amenities.
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.
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!
Take this two-minute assessment, powered by myLifeSite, to learn which Freedom Plaza floor plan is the best financial fit for you.
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.