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Moving to Your New Residential Apartment Home in Independent Living

discussing options going over paperwork

Fees for moving to the independent living Residences at Vantage Point are determined by the type of entrance fee plan you select, plus the size of your residence, and are divided into two parts: an Entrance Fee and a Monthly Service Fee.

Compare the Costs

 

ENTRANCE FEE

Residences at Vantage Point offers two financial options designed to suit differing situations. The Entrance Fee is paid just once, at the time of moving to independent living in the community. Those who select the 90% Refund often wish to preserve assets for future generations, while those opting for the 50-Month Declining Refund typically desire to conserve funds now.

Entrance Fee

50-Month Declining Refund*

Lower cost entrance plan offered

A refund may be be available to you or your estate, less 2% for each month of residency.

Tax deductibility typically based on total entrance fee paid.

Available for both the Lifecare and Fee-for-Service plans.

90% Refund of Capital*

Slightly higher in cost than declining plan

90% is refundable to you or your estate at the conclusion of your residency.

Tax deductibility typically based on a portion of 10% of the entrance fee.

Available for both the Lifecare and Fee-for-Service plans.

*Per the terms of the Residency Agreement

Note: This is an overview and partial list. Please refer to the Residence and Services Agreement for further information.

 

Monthly Fee

In addition to entrance fee refund options, we offer you a choice of two monthly service plans. In the town of Columbia and throughout Howard County, Maryland, Residences at Vantage Point is the only community offering the Lifecare Plan’s unique features are its healthcare cost savings and predictable monthly costs. The Fee-for-Service Plan offers up-front savings by deferring healthcare costs until such time as you actually use the health center. Either way you go, there is a plan to suit every temperament and situation.

Monthly Fee

Lifecare Plan* (Type A)

Quality on-site care for life, featuring a reduced monthly healthcare rate. Upon permanent transition from independent living to healthcare, your monthly fee remains virtually the same as the fee for the independent residence you had occupied.

Healthcare is charged in installments beginning at the time you move into Vantage Point. A portion of the monthly fee paid during residency in independent living is dedicated to future payments for healthcare.

   

The fee includes a monthly credit per person per month toward dining.

The fee also includes property insurance and taxes, utilities, fitness center, equipment and classes, housekeeping, and interior and exterior maintenance.

This fee option is often selected by individuals without a long-term care insurance plan.

Fee-for-Service Plan* (Type C)..

Quality on-site care for life at market rate in healthcare. There is a different rate for each level of service: independent living, assisted living, memory care or comprehensive nursing care.

The cost for a healthcare residence is charged at the time you occupy one.

The fee includes a monthly credit per person per month toward dining.

Covered costs include property insurance and taxes, utilities, fitness center, equipment and classes, housekeeping, and interior and exterior maintenance.

Often a benefit to those with a long-term care insurance plan.

*This is an overview and partial list. Please refer to the Residence and Services Agreement for further information.

 

PRICING

Independent home styles include studio apartments, one-bedroom apartments, one-bedroom with den apartments, and two-bedroom apartments. Entrance fees currently range from $144,334 to $677,474, with monthly fees beginning at $2,477.