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Eldercare
Reply to "Entering assisted living- how to pay"
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[quote=Anonymous][quote=Anonymous]At Erickson CCRC properties (like Riderwood and Greenspring) you get 90% of the entrance fee back whenever you leave or to the designated beneficiaries after death. Not cheap but just wanted to point out how one CCRC handles the fee (my parent was at an Erickson property in another state which is why I’m familiar with their set up). https://www.ericksonseniorliving.com/riderwood/pricing https://www.ericksonseniorliving.com/greenspring/pricing Look closely as the terms are different at each CCRC. [/quote] Yes terms are different. My parents lost do the 48 month diminishing returns (to zero in month 48. Their entrance fee was $420K. The 90% refundable was over $900k. We preferred to just pay the disappearing one and be in control of the other 450K+ for 5-20+ years. Don't need to use a CcRC as an investment vehicle [/quote]
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