A clear fee structure.

Organized to provide you the most value, here is how your Continuing Care Agreement works:

Step 1: The Application Processing Fee
The first step to becoming a resident at SRC is to pay a $1,000 application processing fee, which will put your name on our applicant list. This fee is 100% refundable should you not qualify for residency or decide not to move to SRC before you sign a Continuing Care Agreement.

Step 2: The Reservation Deposit
Once you’ve selected a residence, you will be asked to make a deposit toward your Entrance Fee that is 10% of the total fee, depending on the residence you choose. The remaining balance is due 60 days after the 10% deposit is made.

Step 3: The Entrance Fee
The Entrance Fee is a one-time payment when you first become a resident at Saratoga Retirement Community. The amount depends on the residence and type of Entrance Fee plan you choose. We offer two types of plans: the traditional, which includes a 36-month prorated refund; and the 80% returnable, which requires a higher Entrance Fee but provides you or your estate with a refund past the 36-month period.

Step 4: The Monthly Fee
The Monthly Fee is an ongoing payment each month. This amount depends on the size and style of residence you choose and whether you live there alone. The IRS may allow a portion of your Monthly Fee to be deductible as a medical expense (we encourage you to check with your personal tax adviser regarding possible tax deductions related to residency). As you move through the Continuum of Care at Saratoga, your Monthly Fee will be adjusted accordingly.

Financial benefits of a Continuing Care Agreement.

Through the provisions in your Continuing Care Agreement, the Entrance Fee and Monthly Fee function together to help you save money on healthcare services over time.

• Complimentary short-term stays in our on-site Skilled Nursing and Rehabilitation Center
• Long-term healthcare services including Assisted Living and Memory Support at below-market rates
• Potential tax breaks for medical expenses (please check with your tax adviser)

Independent Living fee schedule.

One-Bedroom Apartments

• Traditional Entrance Fees range from $422,500 to $547,700
• 80% returnable Entrance Fees range from $688,500 to $989,300
• Monthly Fees range from $4,895 to $7,193

Two-Bedroom Apartments

• Traditional Entrance Fees range from $603,700 to $968,962
• 80% returnable Entrance Fees range from $1.1 to $1.7 million
• Monthly Fees range from $7,913 to $10,819

Two-Bedroom Cottages

• Traditional Entrance Fees range from $976,000 to $1,200,000
• 80% returnable Entrance Fees range from $1,672,000 to $2,080,100
• Monthly Fees range from $9,646 to $11,936
• Second Person Fee is $2,173