Financial Options for Senior Living Costs
We have financial options to help you achieve your retirement dreams.
Because seniors are enjoying longer, healthier and happier lives pursuing lifelong dreams, their savings have to go further than ever before. That’s why many of them are choosing senior living communities that give them what they want today with a smart plan for tomorrow. As you explore your retirement community choices and explore the cost of senior living, you may wonder how you can find an option that fits your budget and goals for the future.
As a Life Plan Community, we offer an independent lifestyle with services and amenities designed for you to fully enjoy life for years to come. 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 Village of Bradenton, there’s a one-time entrance fee and ongoing monthly fees. To better understand value of these fees, here’s what each one covers:
The amount you pay is based on the type of contract and the size of residence you choose. The more square footage you want, the more your entrance fee will be. But your entrance fee covers your residence and gives you guaranteed access to any future care you may need at less than current market rates.
Your monthly fee covers your home’s maintenance inside and out 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 or skilled nursing, your living accommodations, services, and amenities can be tailored to suit your personal preferences and future needs. Plus, we offer contract options that refund a portion of your entrance fee to you or your heirs, helping to preserve your assets and ensure your legacy.
Flex Your Future
This program lets more seniors embrace the freedom of independent living by customizing their senior living costs to suit their budget. That way you can select your residence now with less out of pocket, then pay the remainder of your entrance fee on a flexible timeline.
Our Life Care contracts offer a way to pay for long-term care expenses that makes them more predictable. As you know, the cost of care keeps going up. But if you ever need long-term care, Life Care can save you tens of thousands of dollars. According to the Department of Health and Human Services, 7 out of 10 adults will need long-term care at some point for an average of 3 years. Considering those statistics, having Life Care can be a financial lifesaver!
Take this two-minute assessment, powered by myLifeSite, to learn which Freedom Village of Bradenton floor plan is the best fit for your budget.
Many of our residents use a portion 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.