RiverWoods Senior Living Entrance Fee Plans
With entrance fees starting around $172,200 and one-bedroom apartment monthly services fees beginning at $1,564, you will be surprised how affordable living at RiverWoods can be.
The RiverWoods entrance fee is a one-time investment in maintaining your independence, giving you the security of a supportive, caring resident-centered community. Entrance fees help provide capital funds for upkeep, enhancements, and the wide range of services, programs and staff that a well-run community like RiverWoods requires. You can rest assured that you have access to a complete continuum of services that deliver the care you need, when you need it.
Download our residential senior living pricing below. For pricing for our assisted living or skilled nursing services, please click the Contact Us button.
Why Are Senior Living Entrance Fees Necessary?
Even though your residence in a continuing care retirement community is maintenance-free, RiverWoods does require maintenance. Entrance fees help fund enhancements and the wide range of services, life-enriching programs, and exceptional, caring staff that a well-run community requires. Entrance fees ensure that you will have a well-maintained and engaging place to call home.
Unlike many other senior living options, continuing care retirement communities, also called CCRCs or LifePlan communities, provide quality, on-site healthcare services should your needs ever change – all while supporting a great lifestyle for independent seniors. And, as a not-for-profit retirement community, should a resident outlive their financial resources through no fault of their own, they can apply for Benevolent Care which provides assistance with monthly fees, food, medical care, medications and health insurance.
The Standard Plan is the most affordable way to enjoy RiverWoods. In this plan, the entrance fee amortizes over 60 months of residency. This means that during those first 60 months you live at RiverWoods you could receive a partial refund of your entrance fee*. After 60 months, however, no refundable portion of your entrance fee remains.
50% Refundable Plan
In exchange for a higher upfront entrance fee, you or your heirs will receive a 50% refund of the fee once you are no longer a resident of RiverWoods. Contact our Marketing Team for more information.
Please complete the form below to receive our Standard Entrance Fee Pricing Guide via email!
How does the cost of remaining in your house compare to RiverWoods? Get our Cost of Living Comparison Worksheet.
*Generally, the entrance fee is refunded when your residence is re-occupied by a resident who pays a new entrance fee. Specific terms regarding the refund of entrance fees are contained in the Residency Agreement. Carefully read the Residency Agreement for the conditions that must be satisfied before Asbury is required to pay the entrance fee refund.
Is RiverWoods a good financial fit for you?
With just a few simple questions, our easy-to-use calculator will help you find out which of RiverWood's options might be the best financial match for you.
Learn more about IRS-approved tools that can help fund entrance fees, reduce capital gains, and create steady income and/or gifts for your heirs.