Answers to the financial questions you may be asking
Is living at Edgewood affordable?
Many people think retirement communities are too expensive. Yet when you look at all the expenses of your home, Edgewood compares favorably, as many of the things you pay for now are part of your Edgewood Monthly Fee. Compare us against other LifeCare senior living communities that include independent and lifelong health care, and you will find Edgewood is actually more affordable than most metro Boston communities.
How do I know I can afford Edgewood?
To ensure the financial health of Edgewood senior living community, we have guidelines for accepting new members. We look for assets equal to at least two times the Entrance Fee. Assets include your home, other property, cash, and investments. We look for one-and-a-half times the Monthly Fee in income from all sources including pensions, Social Security, annuities, IRAs, and other resources.
What financial benefits does Edgewood have for me?
The combination of the Return of Capital and LifeCare Plans offered by Edgewood gives you financial security and value. As an Edgewood member, you will have access to care in our on-site health center, The Meadows Health Center, at virtually no additional cost as part of your LifeCare Plan. In addition to the Return of Capital Plan, 90% of the Entrance Fee you paid will be returned to you or your estate when you leave Edgewood.
Your Entrance Fee covers high-quality services, amenities, and programs to meet your needs and preferences. The Entrance Fee guarantees residency, use of the common amenities, and access to home care services, skilled nursing care, and memory support. Entrance Fees vary depending upon the specific residence selected.
Your Monthly Fee covers virtually everything you need — your residence, most utilities, weekly housekeeping, home maintenance, transportation to local medical visits, weekly shopping trips, a flexible dining plan, and full access to Edgewood events, programs, and amenities. Plus, you have the assurance of priority access to a continuum of care and peace of mind for you and your family.