Why Choose a Continuing Care Retirement Community

Simply put, CCRCs give you the freedom of choice. To live the way you want, to get everything out of retirement you’ve always dreamed of, and to have the flexibility to change when life changes. A Continuing Care Retirement Community is a home that continually adjusts to your ever-evolving life. It grows with you, and it changes to meet your needs and lifestyle. It’s living in one place, allowing you to make life what you want, where you want.

That’s the beauty of it: It is a home that’s always about you.

But in more concrete terms, living at Hillside means access to many levels of health care all in one location, literally steps from your door.

For residents with no immediate health needs, we simply offer the opportunity to live life with the same vigor as always. Only better.

For people who need a little extra help with everyday activities, Assisted Living apartments are a great option.

There are dedicated Memory Care apartments to serve residents with Alzheimer’s and other memory impairments. There is also a skilled nursing facility to provide the highest level of care to residents who need it most.

How it works

First, you pay a set Entrance Fee based on your living choices and financial planning needs – it may be partially refundable should you choose to leave the community. Then, a Monthly Service Fee is calculated to reflect your home and your care needs. For instance, the fee will be higher for a two-bedroom cottage than for a studio apartment, and a resident requiring Assisted Living may have a higher Monthly Fee than one needing no assistance. Of course, if your care needs change, the monthly fee is adjusted accordingly – either up or down. It all means you get the perfect living environment and care level for every stage of your life.

Hillside residents choose the Entrance Fee that best fits their needs

• A 90% Refundable Entrance Fee – With this plan you will pay a higher Entrance Fee when you first move to Hillside, but if you leave the community, you, your estate or your heirs will receive a refund.
• The 60-Month Amortization Entrance Fee - Your Entrance Fee will be lower than if you select a 90% Refundable Plan, but if you leave the community after 60 months no money will be returned to you, your estate, or your heirs.
• The Membership Entrance Fee – Your Entrance Fee will be lower, but no money will be returned to you.

And perhaps most important, living at Hillside may actually save money on health care services. Because when you move, you will:

• Receive on-campus health care services (i.e., Skilled Nursing Care) at below-market rates.
• Receive a certain number of “no charge” days of Skilled Nursing Services in the Health Care Center each year. If you ever need temporary nursing services, as long as you retain your Independent or Assisted Living apartment, the only additional fees you’ll be charged during your “no charge” days relate to the cost of additional meals, medical supplies, doctor’s fees, and pharmaceuticals.
• Potentially save on your taxes, as the IRS may recognize a percentage of both the Entrance Fee and the Monthly Service Fee as a prepaid medical expense deduction. A portion of the Entrance Fee may be deductible for the year you move to Hillside, and a portion of the Monthly Service Fee may be deductible each year, providing you with an annual medical deduction. Please contact a tax advisor about your specific situation.