You Have Options
Pricing & Contract Types
Understanding Costs & Value
We know there are significant factors to consider in making decisions around your senior living lifestyle—and for most of us, cost is near the top of the list. The information and resources on this page should provide clarity to help you determine if Roland Park Place is a good fit for your retirement plan.
Value Considerations
As a not-for-profit Life Plan Community dedicated to serving the needs of our residents, Roland Park Place strives to offer pricing commensurate with the quality of our offerings, as well as a range of options to suit a variety of financial circumstances.
When evaluating pricing and contracts, it can be helpful to think about the considerable value of living at Roland Park Place. In addition to enjoying excellent services, amenities, community, and metropolitan Baltimore location, you’ll enjoy freedom from paying bills for utilities, maintenance, repairs, real estate taxes, homeowners’ insurance, and more.
At Roland Park Place, your living expenses are included—from cleaning services and dining to entertainment, recreation, and wellness programs. Add in the comfort of knowing that your Life Care contract ensures your healthcare needs will be expertly addressed right where you live, and you can evaluate the true value of moving to Roland Park Place.
Pricing
Independent Living
Fees vary depending on apartment size and contract type, but Independent Living Fees start at:
Accommodation Fee (first person)
$180,600
Monthly Service Fee (first person)
$3,532
Assisted Living Apartments and Memory Care Suites
Offered on a lease agreement with upfront fees equal to one month of Monthly Service Fees. Monthly Fees start at:
Residential Care Apartments
$10,551
Memory Care Suites
$11,212
Enhanced Assisted Living Suites
$11,212
Health Care Suites
Available for short-term rehabilitation or long-term care. Roland Park Place is licensed to accept Medicare and accepts long-term care insurance. The private pay rate for long-term care is:
Health Care Center:
$584 daily
Don’t hesitate to ask.
CCRC pricing, costs, and contracts have many variables, and every situation is unique. Please feel free to reach out with any questions you have.
Affordability Calculator
What’s the best financial fit? Our Affordability Calculator can help clarify the cost of different options.
Contract Options
Roland Park Place offers two different types of independent living contracts:
Type A Life Care Contract
Our Type A Life Care contract allows you to prepay for future healthcare needs, giving you some protection against potential higher costs in the future. While the Type A contract is initially more expensive for some, the savings that come from significantly discounted healthcare rates in the future are undeniable. Still, we recognize that you may prefer to pay less up front and manage future healthcare costs when and if they arise. Now, you can do just that.
Our Type A Life Care declining balance accommodation fee starts at $270,100 and is the more affordable up front option for a Life Care contract. It also keeps your future healthcare costs stable. However, this option preserves less of your estate. In contrast, our Type A 85% refundable contract starts at $486,100 with monthly service fees starting at $4,817. This option costs the most initially but preserves the largest amount of money in your estate.
Type C Contract
Our Type C contract tends to have a lower initial cost, allowing you to defer payment for future health care costs as they arise. This contract type features a discounted accommodation fee and monthly fee, as compared to our Type A Life Care contract. Rather than pre-pay for potential healthcare services, your monthly fee remains low and only goes up if necessary to cover care costs at market rates.
Our Type C Fee-for-Service contracts are a smart investment option for those who wish to pay less up front while still maintaining the largest portion of their estate. These contracts start at $180,600 for the traditional declining balance accommodation fees, $461,700 for 85% refundable accommodation fees, and $3,532 monthly service fees, with healthcare costs increasing to market rates should they become necessary.
Which plan is best for your situation? Our team can help you determine which option is the best fit for you. Please reach out with any questions.