Loomis Lakeside at Reeds Landing Fee Structure
When you become a resident at Loomis Lakeside at Reeds Landing, your fees for an independent living residence include a one-time entrance fee, together with a regular monthly fee. The fees cover the use of your home, access to lifestyle options, and priority access to health and personal care.
You will be pleased to know the fees cover most of the typical expenses you currently have, such as utilities, real estate taxes, and maintenance, while also providing you a palate of outstanding services and amenities such as a dining program, activities and much more as described under Services and Amenities.
When selecting an independent living apartment or cottage home, the community offers two entrance fee plans and a range of price points from which to choose. Both plans provide you a valuable asset preservation benefit.
- Option #1: The entrance fee is returned to you or your estate on a “declining refundable” basis when you leave your cottage or apartment home, or
- Option #2: The entrance fee is 90% refundable.
When selecting an assisted living residence, the community offers two plans from which to choose:
- Option #1: A monthly rental plan, or
- Option #2: A modest 90% refundable entrance fee with a reduced monthly service fee.
All health care and assisted living services are offered on a fee-for-service basis. There is no built-in, additional charge in your fee for services you may never use. You pay only for the services you need, and only when you need them.
At the Loomis Lakeside at Reeds Landing nursing center, there is a daily fee. A resident's stay in the nursing center may be covered by some insurance policies Medicare or Medicaid (called MassHealth in Massachusetts). For more detailed information, please feel free to contact us.