Contract Options

Entrance and Monthly Fee

With our Fee-for-Service contract, you’ll pay a one-time entrance fee and monthly service fees for lifetime residency at The Glebe. If you require short- or long-term assisted living or health care services, you’ll pay for those services when the need arises. This provides the flexibility to use existing long-term care insurance policies or personal funds to pay for on-site assisted living and nursing services.

Our Fee-for-Service plan offers two refundable entrance fee options:

• Standard Declining Refund: The entrance fee is refundable to the resident or resident’s estate on a declining basis over a 50-month period. The entrance fee, less a 4% administrative charge, is amortized at 2% per month for the first 50 months of residency. After 50 months, there is no refund of the entrance fee.
• 90% Refundable Entrance Fee: For the first 10 months of residency, the entrance fee is refundable to the resident or resident’s estate, less a 4% administrative charge and a deduction of 1% per month. When the resident is no longer living at The Glebe, the refund is never less than 90% of the original entrance fee paid upon occupancy, less the 4% administrative charge.

A portion of your entrance fee and monthly fees may be tax-deductible—consult your tax advisor for specific guidance.