What is a Life Plan Community?

Also known as a Continuing Care Retirement Community (CCRC), Life Plan communities offer housing and on-site amenities for seniors who want to remain in place. By offering a full continuum of on-site care, you can feel confident knowing your needs will be met if they ever change. Unique to our residence, you can also choose a month-to-month rental option in Assisted Living, Memory Support, and Skilled Nursing.
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A clear fee structure.

  1. Step 1. The Application Process Fee
    2. The first step to becoming a resident at SRC is to pay a $1,000 application processing fee, which will put your name on our applicant list. This fee is 100% repayable should you not qualify for residency or decide not to move to SRC before you sign a Continuing Care Agreement.
  2. Step 2. The Reservation DeposIt
    3. Once you’ve selected a residence, you will be asked to make a deposit toward your Entrance Fee that is 10% of the total fee, depending on the residence you choose. The remaining balance is due 60 days after the 10% deposit is made.
  3. Step 3. The Entrance Fee
    4. The Entrance Fee is a one-time payment when you first become a resident at Saratoga Retirement Community. The amount depends on the residence and type of Entrance Fee plan you choose. We offer two types of plans: the traditional, which includes a 36-month prorated refund; and the 80% returnable, which requires a higher Entrance Fee but provides you or your estate with a refund past the 36-month period.
  4. Step 4. The Monthly Fee
    5. The Monthly Fee is an ongoing payment each month. This amount depends on the size and style of residence you choose and whether you live there alone. The IRS may allow a portion of your Monthly Fee to be deductible as a medical expense (we encourage you to check with your personal tax adviser regarding possible tax deductions related to residency). As you move through the Continuum of Care at Saratoga, your Monthly Fee will be adjusted accordingly.
Apartment style
Traditional plan entrance fee
80% returnable plan entrance fee
Monthly fee
One-Bedroom
from $465,800
from $759,000
from $5,396
Two-Bedroom
from $665,400
from $1,197,700
from $8,677
Cottages
from $1,037,700
from $1,843,400
from $10,635
2nd Person Fees
N/A
N/A
$2,293

Why it is advantageous.

Choosing a Continuing Care Retirement Community is smart for many reasons. This type of senior living allows residents to continue living in the same community—even as their health care needs change. By selecting a CCRC, you’re in control of your financial and healthcare decisions—because you’ve chosen both your community and your care. Additionally, there are tax advantages for residents and a care fund in place to assist any residents that may outlive their resources.

For more information on our pricing model, please call us at xxx-xxx-xxxx or download our information brochure.

The care you need, when you need it.

There’s peace of mind in knowing your health needs will be taken care of now, as well as in the future.

Call xxx-xxx-xxxx today for a complimentary, personalized tour.

Or complete the form to receive our information brochure.

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