Financial Options at The Towne House

Prior to becoming a resident of The Towne House, you will have the opportunity to select a residency agreement with the financial plan that best suits your situation and preferences. The following information is provided to assist you in better understanding the options available to you. The Towne House offers two major types of financial plans with their residency agreements: Continuing Care and Monthly Rental Plans.

CONTACT US

Monthly Rental Plan

Residents who enter The Towne House with a rental residency agreement pay no entrance fee. All monthly rental plans include the following:

Benefits of the Monthly Rental Plan include:

  • Priority access to health care services should the need arise
  • Access to all the services and amenities available at The Towne House
  • A medical tax deduction (calculated annually) for a portion of the monthly service fees

Continuing Care Plan (Life Plan)

Residents who enter The Towne House under a continuing care residency agreement pay an initial (one time only) entrance fee and a monthly service fee throughout their residency.

All Continuing Care agreements provide the following:

  • Priority access to on-site health care services, should the need arise
  • Sixty free days in the Health and Rehabilitation Center (per contract)
  • Access to all the services and amenities available at The Towne House
  • Lower monthly service fee than the fees required for rental plans
  • The opportunity to apply for charitable care if your financial resources are exhausted through no fault of your own
  • A medical tax deduction (calculated annually) for a portion of entrance fees and monthly services fees

The terms and benefits of the various continuing care residency agreements are the same with the exception of the fees charged and the refund policies. The monthly service fee is the same for both the Declining Refund and Return of Capital plans.

Declining Refund Option

With this option, should you move permanently from The Towne House, the potential refund is based on 90% of the entrance fee and declines each month of residency until it is fully exhausted at the end of 48 months, as per the terms of the residency agreement.

Return of Capital Option

Under this option, if you should move permanently from The Towne House at any time, up to 80% of the entrance fee would be refunded to you or your estate as per the terms of the residency agreement.

Do I Pre-Qualify?

Interested in learning more about which financial plan is right for you? Contact us today to explore your options and find out if you pre-qualify for residency at The Towne House.

CONTACT US

Talk with us

Request Information

Discover the unique charm of The Towne House for yourself. Whether you’re exploring living options, curious about our amenities, or looking for more information, we invite you to schedule a personal tour or request pricing and availability.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

I still want to learn and grow everyday. That is the essence of aging. I can do that at The Towne House! I have a voice here and feel like I can make a difference.”

PAULINE FLYNN

Resident

Frequently Asked Questions

The Towne House offers two primary financial plans: the Monthly Rental Plan and the Continuing Care Plan (Life Plan), tailored to meet various needs and preferences.

The Monthly Rental Plan requires no entrance fee and includes access to all services and amenities, priority healthcare access, and an annual medical tax deduction on monthly service fees.

The Continuing Care Plan offers lower monthly service fees, priority healthcare access, 60 free days in the Health and Rehabilitation Center, charitable care eligibility, and a medical tax deduction on entrance and monthly fees.

Both financial plans include a medical tax deduction, calculated annually, for portions of the entrance fees and monthly service fees.

To explore the best financial plan for your needs, contact The Towne House team for a detailed consultation and personalized guidance.

Residents can choose the Declining Refund Option, which offers a refund that decreases over 48 months, or the Return of Capital Option, which refunds up to 80% of the entrance fee at any time.