Make The Mayflower Your Retirement Strategy
As a Continuing Care Retirement Community (CCRC), The Mayflower offers a pre-funded, long-term healthcare component that enables residents to pay for tomorrow’s care in today’s dollars – a hedge against rising healthcare costs. When it comes to financing your retirement, the best plan is a flexible one. For this reason, we enable you to tailor your retirement financing to meet specific personal and family financial goals.
Moving to The Mayflower involves payment of an initial Entrance Fee, as well as a Monthly Service Fee that covers many items required for daily living. We offer three flexible Entrance Fee payment options that are explained in detail in our Residency Agreement and Fee Schedule.
As an added benefit, a portion of the Entrance Fee and Monthly Service Fees is tax deductible as healthcare expenses on your federal income tax. This amounts to a one-time deduction of approximately $53,000 per person and an ongoing deduction of around $410 per month.
You can discuss the various financial options and benefits with knowledgeable Mayflower personnel, who can help you select with confidence the plan that best suits you and your family.