You’ve worked hard and prepared for retirement. You’ve earned a bright future!
But in an unpredictable world, where can you find the greatest value for your assets as you explore your senior living options?
We spoke with Christian Sweetser, Erickson Senior Living’s chief financial officer, to get his perspective on the best way to make sure your retirement is built on the strongest financial foundation.
Q: When you’re looking for a senior living community, what financial factors are most important?
A: If there is anything that the last 20 years of working in senior living have taught me, it’s that everyone’s financial circumstances are unique. When you’re exploring senior living, look for a community that will work with you to create a plan that best suits your individual financial picture.
Take a look at the short-term and long-term implications of your decision. At Erickson Senior Living communities, the industry-leading financial model combines a one-time entrance deposit with an affordable and predictable monthly service package that covers most daily expenses.
Our entrance deposit, refundable up to 90%* depending on the community and option chosen, is a leading draw for many seniors. Should you leave the community, those assets are returned to you or your beneficiaries.
Residents also appreciate the ease and affordability of the monthly service package, which lets them take care of expenses in a consistent and streamlined way. The package covers a wide range of services, including maintenance, security, and most utilities, as well as meals at our communities’ restaurants, access to fitness and aquatic centers, and other amenities throughout our beautifully landscaped campuses.
Q: What about health care options?
A: At Erickson Senior Living communities, we recognize that some residents will want to keep their existing primary care physicians, others will prefer the convenience of our on-site medical centers, and some will use both. Whether they want to have all their health care needs met on campus, or just utilize the center for routine check-ups or urgent care options as needed, we offer them the flexibility they want.
Many people choose a continuing care retirement community because it offers access to additional levels of health care right on-site. Should a resident’s needs change over time, these services are available right within the community they already call home.
On a personal note, I was raised in a healthcare household, as both my parents were clinicians. My wife, Lauren, is even a clinician! These relationships have helped me understand the peace of mind that comes from knowing care options are in place in case of unpredictable healthcare needs.
Q: How does Erickson Senior Living’s industry-leading experience provide peace of mind to residents and their families?
A: As I am sure many have, I have personally had the unsettling experience of seeing a loved one undergo financial difficulties and not have access to the benefits and care they need. For this reason, at Erickson, our residency agreement combined with the breadth of our on-site services provide peace of mind for our residents and their families.
Together, our national network of communities supports an ongoing commitment to the promises we make to all residents: financial value, a commitment to health and well-being, and an active, engaged lifestyle.
Q: Do residents in Erickson Senior Living communities have input into decisions made?
A: Yes! There are elected Resident Advisory Councils at each community. The trusted voice of residents is an important factor in shaping the financial value structure of our communities over time. The collaboration between our residents and management teams is incredibly important and constructive.
We appreciate that our residents allow us to work and provide services within their home. As such, we purposefully partner with our residents and gather their feedback to determine what community services are offered, and how each is organized and delivered.
Q: What makes now the perfect time to move to an Erickson Senior Living community?
A: In many housing markets across the country, sellers continue to take advantage of the hot real estate market and earn top dollar, maximizing their real estate investment. If you want to make the most of your well-earned retirement years, there’s never been a better time to consider a move. Erickson Senior Living communities provide predictability, stability, and value for a diverse array of services with a personal touch.
In choosing to live with us, residents often find a sense of connection and friendship in addition to safety, convenience, and peace of mind. It’s important to research and tour different communities to find the one that meets your individual needs and preferences. As former President Theodore Roosevelt once remarked “Old age is like everything else. To make a success of it, you've got to start young.” Our teams are ready to help you every step of the way!
Visit EricksonSeniorLiving.com to find a community near you and schedule a personal tour to see for yourself!
*Carefully read the Residence and Care Agreement for the conditions that must be satisfied before the provider is required to pay the entrance fee refund.