RETIREMENT
Refund Options None Medicare Certified No Long-term Care Insurance Accepted, not required Minimum Age to Obtain Residence 55
Refund Options Declining Refund: Pay entry fee; full refund in first 90 days; refund declines at rate of 2% each additional month; after 50 months, no refund. Medicare Certified Yes
Contact Information 919-918-7872; ridgecare.com
Long-term Care Insurance Not required; could help pay for discounted per diems.
MEBANE RIDGE ASSISTED LIVING & MEMORY CARE
Min. Age to Obtain Residence 65 (co-applicant must be at least 55)
1999 South N.C. Hwy. 119, Mebane Entrance Fee One month’s rent as deposit.
Contact Info 919-968-4511; 800-518-9333; carolwoods.org
Monthly Fee Range $2,795-$7,500
CROASDAILE VILLAGE
Contract Options Month-to-month
2600 Croasdaile Farm Pkwy., Durham
Refund Options None
Entrance Fee Range $53,725-$321,045
Medicare Certified No
Monthly Fee Range $1,732-$3,961
Long-term Care Insurance Accepted, not required
Contract Options Fee for Service: Entrance fee and monthly payments cover housing, residential services such as meals and housekeeping and some health-related services. Advanced levels of health services are provided at per-diem rates. Utilities bundled.
Minimum Age to Obtain Residence 55 Contact Info 919-568-0083; mebaneridge.com
100 Carolina Meadows, Chapel Hill
Refund Options Declining Refund: Option 1: Pay lower entry fee; refund declines at rate of 2% per month; after 50 months, no refund. Option 2: 50% Refund – pay higher entry fee; refund declines at a rate of 2% per month until 50% of residence fee is accrued; refund limited to 50%. Option 3: 90% Refund – pay higher entry fee; refund declines at a rate of 2% per month until 10% of fee is accrued; refund limited to 90%.
Entrance Fee Range $124,700-$544,500
Medicare Certified Yes
Monthly Fee Range $2,714-$3,925
Long-term Care Insurance Not required, but welcome
Contract Options Fee for Service: Housing, residential services and guaranteed access to health-related services in exchange for entrance fee and monthly fee. Health-related services are provided at per-diem rates, which vary. Equity: See Refund Options for Carolina Meadows.
Min. Age to Obtain Residence 62
CONTINUING CARE RETIREMENT COMMUNITIES (CCRC) CAROLINA MEADOWS
Refund Options Equity; Occupancy Right; upon departure, resident/ estate receives refund based on Entry Fee calculation and if applicable additional 50% of equity in the residence; calculation is current Entry Fee minus remarketing and refurbishing fees compared to original Entry Fee then potentially sharing in appreciation of unit if new balance exceeds original payment. Medicare Certified Yes, Medicare Part B Long-term Care Insurance Accepted, not required Min. Age to Obtain Residence 55 Contact Info 919-942-4014; 800-458-6756; carolinameadows.org CAROL WOODS 750 Weaver Dairy Rd., Chapel Hill Entrance Fee Range $91,000-$416,000 Monthly Fee Range $2,466-$5,280 Contract Options Modified: Entrance fee and monthly payments cover housing, residential services such as meals and housekeeping and some health-related services. Health-related services are provided at subsidized rate or are free for a specified number of days.
Contact Info 919-384-2475; 800-960-7737 GALLOWAY RIDGE 3000 Galloway Ridge Rd., Pittsboro Entrance Fee Range $210,000-$1,139,000 Monthly Fee Range $2,822-$6,565 Contract Options Extensive: Entrance fee and monthly payments cover housing, residential services such as meals and housekeeping and unlimited assisted and skilled nursing. Little or no additional fees required as one moves from one level of care to another. Refund Options Declining Refund: Option 1: Time-Sensitive – Pay lower entry fee; refund declines at rate of 4% in first month; 2% each additional month; after 4 years, no refund. Option 2: 90% Refund, Not Time-Sensitive – Pay higher entry fee; receive 90% of what you paid in. Option 3: 75% Refund, Not Time-Sensitive – Pay higher entry fee; receive 75% of what you paid in. Medicare Certified Yes Long-term Care Insurance Not required Min. Age to Obtain Residence 62 Contact Info 919-545-2647; 888-763-9600; gallowayridge.com
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