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Understanding Pricing At Edgewood | A LifeCare Community

Discover the unique value of life at Edgewood.

Many people think retirement communities are too expensive. But when you really dive into learning about Edgewood and compare it to all the costs and hassles of maintaining your current home — not to mention the cost of paying out of pocket for residential health care — you’ll likely find that LifeCare at Edgewood provides real value. At Edgewood, many of the things you pay for now are covered by one simple monthly fee and a 90% refundable entrance fee that guarantees you residency for life. Plus, you may realize certain tax advantages.*

It’s also important to note that Edgewood is a not-for-profit organization. This means our first concern and top priority will always be doing what’s right for residents. With no shareholders to satisfy, all “profits” are reinvested in the community for the benefit of residents — the people we exist to serve. Compare us to other Boston-area communities that include independent living with a guarantee of lifelong health care, and we’re sure you’ll find that Edgewood is more affordable than most.

*The IRS has, in the past, allowed a portion of the entrance fee and monthly fees to be deducted as pre-paid medical expenses. Consult your tax advisor for guidance and information about your personal situation.

“We believe this is the best gift we can give our children — to know they won’t have to worry about us as we age.”

Dave and Sandy M., residents

a couple smiling

Understanding the Entrance Fee

What does the entrance fee cover?

LifeCare and Edgewood’s Return of Capital Plan™ provide unparalleled value and financial security. The entrance fee guarantees your residency at Edgewood, use of the common amenities, and guaranteed priority access to in-home resident services, assisted living, memory support, short-term rehabilitation, and skilled nursing care, should you ever need them. Entrance fees vary based on the specific residence you choose and the number of people who will occupy it. Importantly, our Return of Capital Plan ensures that 90% of your entrance fee will be returned to you or your estate when you leave the community and the residence is resold.

walking in the woods

About The Monthly Fee

Enjoy it all with one simple monthly bill.

When you live at Edgewood, virtually everything you need is covered by the monthly fee with one simple monthly bill. The fee — which is based on the residence you choose and whether one or two people occupy it — is typically adjusted annually to help maintain the level of service and quality members expect while compensating for inflation and changes in operating costs.
The monthly fee includes:

  • Your residence
  • Flexible dining plan with up to 31 meals of your choice in any of our dining venues
  • All services and amenities
  • Full access to all community events and programs
  • Weekly housekeeping and annual deep cleaning
  • All home and appliance maintenance
  • Landscaping, lawn care, and snow removal
  • All utilities (except telephone and internet service)
  • Scheduled transportation for shopping, local banks, and library
  • Emergency response system
  • 24/7 security
  • Property taxes
  • Structural property insurance

To learn more, download a complete list of services and amenities or call us at 978-725-3300.

Understanding The Value

How does life at Edgewood compare?

To help you see how life at Edgewood compares to the cost of your current living situation, we’ve provided a useful home cost comparison worksheet. Do a side-by-side assessment of what you’re paying now. Then consider how much it would mean for you to have the convenience of one simple monthly bill; to be freed from the hassles and responsibilities of taking care of everything yourself; to enjoy the support and friendships community living provides; and to give yourself and your family priceless peace of mind. You may find that life at Edgewood is more affordable — and more valuable — than you first realized.
a handyman fixing an oven


How do I know if I can afford Edgewood?

To ensure the financial health of Edgewood Retirement Community, we have guidelines for accepting new residents. We look for assets equal to at least two times the entrance fee. These assets may include your home, other property, investments, and cash. We also look for 1.5 times the monthly fee in income from all sources including pensions, Social Security, annuities, IRAs, and other resources.

Edgewood offers a range of options to fit many needs and financial goals. Apartment home monthly fees for one person start at $4,691 with an entrance fee of $316,000 ($284,400 refundable). Cottage home monthly fees for one person start at $7,049 with an entrance fee of $799,950 ($719,995 refundable). Download our complete fee schedule to find the floor plan and financial arrangement that are right for you.

Explore even more!

Make yourself at home.

Edgewood’s apartment homes offer an impressive list of enviable features, customization options, and easy access to most amenities all under one roof. Learn more…

Spread out.

Our most spacious homes, cottages at Edgewood offer the distinctive features you’d expect with some flexibility to customize to suit your style. Learn more…

See for yourself.

While a website can give you a good overview of everything we have to offer, nothing beats visiting in person. Schedule a tour…