Independent Living / LIFE-CARE
CONTINUING CARE RETIREMENT COMMUNITY
FLEXIBLE PLANS
for Financially Smart Retirement Living.
As a Nonprofit Life Plan Community, Ginger Cove offers independent living and healthcare options to meet the changing needs of residents.
With two Life-Care options, residents can choose the plan that makes the most financial sense:
- Extensive Life-Care
- Fee-for-Service
There are two costs associated with a Life-Care Community: the entrance fee and the monthly fee.
- The one-time entrance fee is based on the apartment you choose, your contract type (Extensive Life-Care or Fee-for-Service), and whether it will be you or you and a loved one living in the apartment
-
The monthly fee covers services and amenities
![Group 2](https://www.gingercove.com/wp-content/uploads/2023/09/Group-2.webp)
LIFE-CARE
Imagine the peace of mind of planning today for any possibility you might face in the future.
That’s the security of Life-Care offered at Ginger Cove.
Life-Care is offered to independent living residents at Continuing Care Retirement Communities (CCRCs), also known as Life Plan Communities. Life-Care covers your independent living residence, community services, amenities, and access to our continuum of on-site care. But there are other significant benefits associated with Life-Care that provide incomparable peace of mind, including:
- Guaranteed access to unlimited care for the entire duration of your residency
- Guaranteed residence for life, even if you outlive your financial resources
- Access to every amenity and service in the community (wellness center, dining, wellness activities, housekeeping, transportation, etc.)
- Potential tax breaks
- A portion of your entrance fee may be refundable if you leave the community for any reason, protecting your estate
Extensive Life-Care Contract
The Extensive Life-Care contract option includes your residence, services and amenities, and priority access to on-site assisted living and skilled nursing care services, should you ever need them, at a predictable monthly payment regardless of your level of care. This contract type reduces concerns about future healthcare costs and protects your assets.
Entrance fees start at:
- $330,603 for our one-bedroom traditional apartment (single occupancy)
- $793,495 for a two-bedroom with den – our largest apartment (single occupancy)
- There is a second-person entrance fee of $22,885
Monthly fees start at:
- $4,661 per month for our one-bedroom traditional apartment (single occupancy)
- $6,553 per month for a two-bedroom with den – our largest apartment (single occupancy)
- There is a second-person monthly service fee of $2,791
![seniors-walking-apt](https://www.gingercove.com/wp-content/uploads/2024/03/seniors-walking-apt.webp)
FEE-FOR-SERVICE CONTRACT
The Fee-for-Service contract offers priority access to healthcare services, but services are provided at market rate. This contract option is designed for those who have long-term care insurance.
Entrance fees start at:
- $264,530 for a one-bedroom traditional apartment (single occupancy)
- $634,796 for a two-bedroom with den – our largest apartment (single occupancy)
- There is a second-person entrance fee of $18,306
Monthly fees start at:
- $3,962 per month for our one-bedroom traditional apartment (single occupancy)
- $5,569 per month for a two-bedroom with den – our largest apartment (single occupancy)
- There is a second-person monthly service fee of $2,373
![iStock-1316202262](https://www.gingercove.com/wp-content/uploads/2023/09/iStock-1316202262.jpg)
![Ginger-Cove-Annapolis-MD-Senior-Apartment-Living-Room Copy](https://www.gingercove.com/wp-content/uploads/2023/09/Ginger-Cove-Annapolis-MD-Senior-Apartment-Living-Room-Copy.jpg)
Find Your
Financial Fit
Use our quick and easy financial gauge tool to determine which of our living options makes the most sense for you.
![quotation-new](https://www.gingercove.com/wp-content/uploads/2024/03/quotation-new.png)
Moving to Ginger Cove was a gift to our children, and it was the best decision we ever made. We are much healthier, physically and mentally, due to a low-stress lifestyle and active social life. We immediately connected with our new neighbors.
– JIM & ERMA, RESIDENTS
![senior-couple](https://www.gingercove.com/wp-content/uploads/2023/09/senior-couple.jpg)
Experience Ginger Cove for yourself! Be our guest at a special event of your choice.
LET’S GET
UNDERWAY!
We’re here to help you make the best decision for your future.
Please use our form or call us today at 410-266-7300.