Financing Senior Living Costs & Life Care
Our financial options can help make your retirement dreams come true.
The longer, healthier lives today’s seniors are enjoying means their savings have to stretch further than ever before. That’s why having a smart plan for the future is more important than ever. As you explore your retirement community choices and learn about the cost of senior living, you may wonder what your next move should be.
As a Life Plan Community, Freedom Square offers an independent lifestyle with services and amenities you can enjoy throughout your retirement. Plus, with our Life Care contract, you’ll have the peace of mind of knowing a full continuum of high-quality care is available right here at predictable monthly rates.
Entrance fee and monthly fees
A one-time entrance fee and ongoing monthly fees let you make Freedom Square of Seminole your home for life. Entrance fees start at $87,250 and monthly fees start at $2,380 for independent living. To better understand the following fees, we recommend you meet with one of our residency counselors:
Entrance fee
The amount of this fee is based on the type of contract and the size of residence you choose. The more square footage, the higher our entrance fee. Your entrance fee not only covers your residence, but gives you guaranteed access to any future care you may need at below market rates.
Monthly fee
Your monthly fee covers home maintenance and property taxes, utilities, your dining plan, fitness membership, a beautifully maintained campus, and dozens of other services and amenities.
Whether you’re in independent living, assisted living, memory care, skilled nursing or rehabilitation, your living accommodations, services, and amenities will be customized to suit your personal lifestyle and changing needs. Plus, we offer contract options that refund a portion of your entrance fee to you or your heirs, preserving your assets and ensuring your legacy.
Flex Your Future
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.
Life Care
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!
MoneyGauge calculator.
Take this two-minute assessment, powered by myLifeSite, to learn which Freedom Square of Seminole floor plan is the best fit for you and your budget.
Tax advantages
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.
Got a question?
Ask us anything you like about our independent living lifestyle, including ideas on paying for senior living. Simply use the form on this page, or call 727-547-3729.