What does the monthly fee include?
For the most part, the monthly fee is roughly equal to or less than the monthly cost of living residents paid in their homes before moving to Searstone. This is especially true when one factors in all of the services, amenities and upkeep expenses. Life at Searstone means saying goodbye to homeowner’s insurance, utility bills, property taxes, home maintenance, yardwork and all the headaches of home ownership and saying hello to the comforts and convenience of complete peace-of-mind living.
What is the entrance fee for?
To ensure the exceptional quality of services that allow our residents to live comfortably, we strive to create a financial arrangement that both appeals to potential residents and meets the expenses of operating Searstone. Our refundable entrance fee program allows Searstone and our residents that precise opportunity.
Many residents fund the entrance fee with proceeds from the sale of their home. This model of entrance fee allows residents to enjoy the benefits of retirement community living with the added assurance of the full continuum of care provided at predictable costs. Residents can rest easy knowing that a portion of their entrance fee will be returned to them, their children or their estate in the future.
What are the tax advantages to moving to Searstone?
While tax laws are constantly evolving and always subject to interpretation, recent legal precedents have been favorable for retirement community residents hoping to deduct portions of their fees. Be sure to consult with your tax preparation professional to determine the best strategy for your circumstances.
What about my long-term care insurance?
Your long-term care policy will work together with your care at Searstone and pay earned benefits directly to you as the policyholder in most instances. A Sales Counselor can help you better understand your policy and what benefits you would be eligible for.