Financing Senior Living Costs & Life Care

With healthier lifestyles and improved medical treatments, today’s seniors are living longer, more active lives—making it more important than ever to have a plan for the future. As you explore your retirement community options and the cost of independent living, you may be wondering what your best option is and how to pay for it.

As a Life Plan Community, Freedom Square of Seminole—now recognized as a 2026-2027 Best Continuing Care Retirement Community—offers an independent lifestyle with a variety of services and amenities. Plus, our Life Care contract helps combat the cost of senior living by giving you the peace of mind of knowing a full continuum of high-quality care is available on-site at predictable monthly rates.

This program lets more seniors embrace the freedom of independent living by customizing their senior living costs to suit their finances. You can tailor your entrance fee by selecting your residence now with less out of pocket, then paying the remainder of that entrance fee on a flexible timeline.

Our Life Care contract offers a way to pay for long-term care expenses that makes them more predictable — saving you tens of thousands of dollars over other long-term care options. When you consider that the Department of Health and Human Services says 7 out of 10 adults will need long-term care at some point, for an average of 3 years, Life Care can be a financial lifesaver!

A lot of our residents used some of the proceeds from the sale of their home to fund the cost of their independent living entrance fee. The IRS has ruled that portions of both your entrance fee and monthly fee are deductible on your federal income return as prepayment of medical expenses. To learn more, consult your tax advisor.