It was Life Care with independent, assisted, memory impaired and skilled nursing on site.
There were 3 levels of buy in. 90 percent refundable, 50 percent refundable and declining balance. We would choose declining balance (the cheapest) as we have no heirs.
Given those parameters our buy in for a single family home (3 bedroom with 2100 sq ft) was $282K. Monthly fees = $4500 per month.
A two bedroom apartment was $215K for buy in with fees of $4800 per month. The apartment homes include 2 meals per day versus no meals for the single family homes.
If you move from a garden home to an apartment later on, you're reimbursed the differential of the buy in fees. Your monthly fees would rise slightly to cover the included meals.
The fees don't go up with moves to the other more extensive levels of care, with the exception of inflationary (their words) increases.
The usual list of amenities - all maintenance, transportation, activities, indoor pool, exercise rooms, physical therapy, etc.
We found that most of these CCRCs will not reveal prices unless you physically visit/tour the facility. There are some very attractive tax benefits as a portion of buy in fees and monthly fees are considered tax deductible.
This CCRC is located in Macon, GA about one hour south of Atlanta.
Carlyle Place . Hope this helps.
A great review.
Though I've posted this before, for comparison, a look at our current CCRC apartment costs. (prices for one BR and studio apartments are within $200/mo. of the two BR quoted here.
Two BR, $2130/mo for one person, $2630/mo. or two persons.
$100 processing fee. $1500 deposit (transferable on campus or refundable).
Includes 2 meals a day, and the same amenities as what davismills described. Also, Free cable TV and free internet.
The other important part is regularly scheduled free transportation to shopping, events, and other outings and restaurants. In addition, we have county based bus transport services with $2.50 fees for seniors.
The Villas (homes like ours) were built in the late 1990's, and early 2000's, and contain all of the senior friendly features of the newest plans. Current prices range from $160K to $200K.
Large duplexes or single family (1600sf 1900sf) like ours.
There is no upfront (endowment) fee, but by this same token, no lifetime guarantee. (not offered in our CCRC). By the same token, when we were looking at other CCRC's, we had trouble understanding the terms of the lifetime guarantee, and it seemed that each complex had its' own (different) contract. Since our planning included limited nursing home insurance, we never considered the "buy in". Our other hedge was keeping the villa as a backup. Between medicare, nursing home insurance, and the plan for using the home as security for the healthy spouse, we feel reasonably safe. From a practical standpoint, we have also looked into local medicaid supported facilities and while not as nice as our CCRC, the care and services seem to be safe, clean,well regarded by the community.
I don't have the current cost for assisted living or nursing home but depending on the needs, $42K to $46K for AL, and $75K to $85K for nursing home.
For anyone considering CCRC living, whether single homes or any part of the care continuum I think the most important part of the decision making process, is the time actually spent in the community... to see how the residents live... to talk to them... and to listen hard... for the good and the bad. The very worst thing thing to do is to spend all of your time in the (sales) office, or to be taken on a guided tour, without getting down to the real-life parts of living there. Whether doing this for yourself, or a loved one, making a decision for what will probably be the rest of life, should not be based only the word of the salesperson.