Or the community may have a full refund, but with a service charge. Another trend is that one community may offer several entry options. In other words, one plan might be refundable, another plan might not. Refund details will be mapped out in your residence agreement. Check it carefully.
People appear to like the refund idea, but it comes at a price.
Most communities with refunds will not offer extensive care. After that, you would be charged the regular rate for nursing care. The total depends on the type and amount of care you receive and the size of the unit and its location. For instance, Hyatt has a high-rise development in North Miami Beach, Fla., and the units on upper floors with good views have larger entry fees than units on low floors. You'll find entry fees are larger for couples than for singles.