We recommend that anyone who is exploring senior living to talk to their financial advisor. Prospective residents do take part in a financial qualification process, and it is important to understand your long-term financial picture. Looking at the financial health of the retirement community you’re considering is just as important.
Continuing care retirement communities are heavily regulated in many states, often with days cash on hand and other financial requirements. Check your states’ regulations.
Accreditation is an important marker of operational and financial quality. Asbury is proud to hold accreditation from CARF Inc. and the United Methodist Association EAGLE program.
Some organizations may have investment-grade bonds, as does Asbury’s Maryland Obligated Group bonds, which is another objective marker of financial health.
Communities should be transparent in providing their most recent audited financial statement and for non-profits, the IRS Form 990. Look for strong historic reserves, days cash on hand, and operating revenues.
Our communities also gain the financial strength of the Asbury Communities, Inc., system. We have been serving seniors for more than 90 years.