Options for Senior Living Costs

Achieve your dream retirement with our financial options.

Seniors are enjoying longer, healthier lives pursuing lifelong dreams, but that means their savings have to go even further. That’s why having 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 best option is.

As a Life Plan Community, we offer an independent life with services and amenities you can enjoy for all the years ahead. Plus, with our Life Care contract you’ll have peace of mind knowing a full continuum of high-quality care is available at predictable monthly rates.

Entrance fee and monthly fees

For a one-time entrance fee and ongoing monthly fees, you can make Cypress Village your home for life. To better understand these fees, here’s what each one covers:

Whether you’re in independent living, assisted living, memory care, short-term rehabilitation or skilled nursing, 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 tailoring their senior living costs to suit their budget. To customize your entrance fee, select your residence now, with less out of pocket, then pay the remainder of your 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. Life Care protects you from constantly rising prices, saving you tens of thousands of dollars if you ever need long-term health care. According to the Department of Health and Human Services, 7 out of 10 adults will need long-term care at some point, with 3 years being the average length of time services are needed. Considering those statistics, having Life Care can be a financial lifesaver!

LifeCare CCRC

Fee stays the same

Fee-for-Service CCRC

Fee increased with level of care
1 person moves to Assisted Living* $78,000/year
$6,500/month
$84,140/year
$7,095/month
1 person moves to Skilled Nursing* $144,000/year
$12,000/month
$106,140/year
$8,845/month
*Monthly cost based on Genworth Cost of Care Survey, conducted by CareScout®, November 2021

MoneyGauge calculator.

Take this two-minute assessment, powered by myLifeSite, to learn which of Cypress Village’s floor plans may be the best financial fit for you.

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Tax advantages

Many of our residents use a portion 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. Simply use the form on this page, or call 904-507-6702.