A LIFE PLAN COMMUNITY
What is it and Why Should I Consider This for my Future?
90 Day Satisfaction Guarantee
Entry Fee is 100% Refundable within 90 Days
Life is unpredictable. Change is part of it.
Freedom Plaza is a Lifecare Community, which means that our residents have a safety net of services available as needs change. Residents can add services, move between levels of care, and enjoy the peace of mind that a Lifecare Community provides. Loved ones, whether family or friends, are always welcome.
When your needs change, due to injury, illness, or even the normal, healthy aging process, Freedom Plaza’s comprehensive services are here to make your life as comfortable and enjoyable as possible. You stay in your familiar environment. Friends are close by. So is the staff you have grown to trust.
- Life Plan Communities charge a one-time investment in exchange for long-term accommodations and health-related services.
- You will receive our Life Care Guarantee that we will not end your residency contract if your financial resources are exhausted through no fault of your own.
- Your expenses are predictable and manageable, regardless of the changes that are part of life.
- Many Freedom Plaza residents use a portion of the proceeds from the sale of their home to pay the entry fee. Current IRS rules allow portions of your entry fee and monthly fee is deductible on your federal income taxes for prepayment of medical expenses. We urge you to consult with your tax advisor to learn more.
- Many of us want to share our wealth with our family or charities that are close to our hearts. Our financial programs offer flexible options to allow you to preserve as much of your capital as you wish, which you can then pass on to your estate.
The Preservation Plan
This plan provides for a zero percent refund of the purchase price -amortized over a 48-month period. While you live at Freedom Plaza Peoria, the amount of refund is reduced by a one-time 4 percent processing fee and 2 percent thereafter each month of your residency.
- While in healthcare, you pay only the Monthly Service Fee of the then current C Apartment Monthly Fee and any ancillary changes.
- The benefit is for your lifetime.
- Care for Life Guarantee*
- Predictability and cap on annual increases.
- If there are two residents in the apartment, both may receive the Healthcare Benefit.
*This plan/guarantee is subject to the terms and conditions of the Residency Contract. See Residency Contract for further details.
The Choice Plan
This plan provides for a zero percent refund of the purchase price - amortized over a 24-month period. While you live at Freedom Plaza Peoria, the amount of your refund is reduced by a one-time 4 percent processing fee and 4 percent thereafter each month of your residency.
- $20 per day discount in the Assisted Living Center
- $30 per day discount in the Skilled Nursing Center
- Priority access to the Care Center
- Predictability and cap on annual increases in Independent Living