Two types of fees are associated with a CCRC: Entrance Fees and Monthly Service Fees. The Entrance Fee (or Entry Fee, as it is sometimes called), is a one-time, up-front investment paid at the time of moving into a Life Plan community for lifetime use of the residence and the Residency Agreement that guarantees residents lifetime access to the continuum of care. Entrance fees may be determined by numerous factors including, size of the residence, number of occupants and the refund plan selected. Entrance fees are not typically mortgageable or financable.
Monthly service fees are based on the healthcare benefit plan, size of the residence and number of occupants. Monthly service fees provide each resident with services and amenities such as a flexible dining program, weekly housekeeping, linen service, utilities, interior and exterior maintenance, regularly scheduled transportation, and more.