Senior Living Costs
Don’t let the fear of senior living costs keep you from making a great decision.
“What does it cost?” and “Can I afford it?” are some of the first questions you may ask yourself when considering a move to Meadow Lakes. The good news is that our community offers a variety of plan options and home sizes that are affordable for many budgets. When moving to Meadow Lakes, your costs will include both an entrance fee and an ongoing monthly service fee.
The entrance fee secures your apartment home and provides priority access to our healthcare services. The entrance fee is a one-time payment based on the size of your residence and whether one or two individuals live there.
Traditional or Refundable Options
To provide flexibility in your financial decisions, we also offer both Traditional and Refundable entrance fee options. The Refundable entrance fee is a great option if you wish to leave funds to your estate or if you may consider moving again at some point in the future, since a portion of your initial payment is returned. The Traditional entrance fee is ideal if you wish to pay a lower upfront amount and is an excellent choice if you’ve already planned for your estate.
Our Lifecare contract option offers access to care you need, at any time you need it, at rates similar to what you would pay in independent living. These plan options demonstrate the financial strength and commitment to you from Springpoint.
Monthly Service Fee
This fee is based on the size of your apartment home and whether there are one or two occupants. It covers most of your living expenses in one payment, making your expenses more predictable. Your monthly fee covers housekeeping, interior and exterior maintenance, 24-hour security, utilities, property tax cost, and a multitude of services and amenities.
To give you an understanding of our pricing, below are examples of our starting entrance fees and monthly service fees. Our Traditional entrance fee plan with a single occupant offers the lowest entrance fee.
One Bedroom: Entrance Fees start at $152,100; Monthly Service Fees start at $3,231.
Two Bedroom: Entrance Fees start at $246,400; Monthly Service Fees start at $4,653.
Cottage Home: Entrance Fees start at $407,600; Monthly Service Fees start at $7,595.
All financial plans are unique. Schedule a personal, no-obligation consultation, and we’ll assist you in researching senior living costs and your options. Contact us today to learn more about independent senior living at Meadow Lakes.