Options for Covering Senior Living Costs
Achieving your dream retirement starts with our financial options.
With healthier lifestyles and improved medical treatments, today’s seniors are living longer, more active lives—making it more important than ever to have a plan for the future. As you explore your retirement community options and the cost of independent living, you may be wondering what your best option is and how to pay for it.
As a Life Plan Community, Freedom Village—now recognized as a 2026-2027 Best Continuing Care Retirement Community—offers an independent lifestyle with a variety of services and amenities. Plus, our Life Care contract helps combat the cost of senior living by giving you the peace of mind of knowing a full continuum of high-quality care is available on-site at predictable monthly rates.
Entrance fee and monthly fees
To make Freedom Village your home for life, all you have to do is pay a one-time entrance fee and ongoing monthly fees. Entrance fees start at $148,200 and monthly fees start at $3,245 for independent living. To better understand the following fees, we recommend you meet with one of our residency counselors:
Entrance fee
This fee amount is based on the type of contract and the size of your residence. The more square footage you have, the more your entrance fee will be. This fee covers your residence and gives you guaranteed access to any future care you may need at less than market rates.
Monthly fee
Your monthly fee covers all your home’s indoor and outdoor upkeep, property taxes, utilities, dining plan, fitness membership, campus maintenance, and all our other services and amenities.
Whether you’re in independent living, assisted living, memory care, skilled nursing or rehabilitation, your living accommodations, services, and amenities can be adjusted to suit your lifestyle and future needs. Plus, we offer contract options that refund a portion of your entrance fee to you or your heirs, protecting your assets and ensuring your legacy.
MoneyGauge calculator.
Take this two-minute assessment, powered by myLifeSite, to learn which Freedom Village floor plan is the best financial fit for you.
Flex Your Future
This program lets more seniors embrace the freedom of independent living by tailoring their senior living costs to suit their budget. If you want to customize your entrance fee, simply select your residence now with less out of pocket, then pay the remainder of that entrance fee on a flexible timeline.
Life Care
Our Life Care contract offers a predictable way to pay for long-term care expenses while protecting you from constantly rising prices. According to the Department of Health and Human Services, 7 out of 10 adults will need long-term care at some point for an average of 3 years. If you ever need long-term health care, having a Life Care contact can save you tens of thousands of dollars.
Tax advantages
Lots of our residents use a part of the proceeds from the sale of their home to fund the cost of their independent living entrance fee. The IRS has ruled that some of both your entrance fee and monthly fee are tax-deductible as prepayment of medical expenses. To learn more, consult your tax advisor.
Got a question?
Ask us anything you like about our independent living lifestyle, including how to pay for senior living. Simply use the form on this page, or call 616-200-7271.