About Fees & Refunds at Elim Park Place

ElimPark-eggs-03-optElim Park offers a choice of residency plans that vary in cost based on the size of the apartment home, the apartment location and the refund plan chosen. Residents at Elim Park Place pay a one-time entrance fee, and a monthly fee covers costs for the apartment home and community. All residents are guaranteed a home for their lifetime.

With seven residential neighborhoods and more than 50 floor plans to choose from, we offer many financial options. Our experienced retirement counselors can help you determine the plan that is right for you and your family.

Fees

Residents pay a one-time Entrance fee which covers lifetime use of the residential apartment and our entire 39 acre campus, with priority access to our Health Care Center. Entrance fee prices for the apartment homes start at $152,654.00.

Residents pay Monthly Service Fees which cover the “bundle” of services and amenities included for each resident. These fees start at $2,019.00 per month. Please visit our Services & Amenities page, or ask an Elim Park Retirement Counselor for particulars on what is included.

Payment Options

Residents can choose from three different Entrance Fee Refund options:

Option # 1 - Declining Refund (0% Refund)

Original Entrance Fee paid, less ten percent (10%) of the Entrance Fee deducted at move-in and two percent (2%) of Entrance Fee for each calendar month or part thereof that the Residential Apartment is occupied. After a period of 45 months your refund will decline to a zero dollar balance, therefore there is no return of capitol any time after 45 months.

Option #2 - 50% Refund

This option offers a return of capital to the resident or their estate. The refund is fixed to 50% of the entrance fee. It is refundable to the resident upon vacancy or to the resident’s estate.

Option #3 - 90% Refund

This option offers a return of capital to the resident or their estate. The refund is fixed to 90% of the entrance fee. It is refundable to the resident upon vacancy or to the resident’s estate.

Health care costs

Here at Elim Park you’ll also find our health care arrangements offer a practical value. Residents are not charged in advance for health care. Our financial program is referred to as Fee for Service: residents have access to our Health Care Center and pay at the time of service for any health care services received.

Learn more

To learn more about independent living here at Elim Park, and to make an appointment to visit us, please contact a Retirement Counselor at 203-272-7550, or call toll-free at 800-994-1776, or email us at info@elimpark.org.