We offer a free, no-obligation, comprehensive and confidential financial screening analysis that takes into account your personal situation and provides you with a snapshot of your financial future should you decide to live at Judson. Information utilized in the analysis includes:
Yes. Even though you live without assistance, you have immediate access to nursing and therapy services following surgery or any health-related change. Services can be provided in assisted living, long-term care nursing or in short-term rehabilitation, right on campus. See how one of our residents recently benefited from these services.
In addition, in-home care is available through the Judson at Home program. Everything you need, when you need it, is at your fingertips.
Upon move in, residents pay a one-time entry fee and an ongoing monthly service fee. The fee varies based on the residence chosen and whether it is occupied as a single person or a couple.
There are two entry fee options:
Upon leaving the community, 75% of the up-front entry fee will be refunded to you or your estate, based on the terms of your contract.
If you live in the community for less than six years, you will also be refunded a portion of the other 25% of the entry fee you paid.
Entry fees start at $75,000 for one person at Judson Park and Judson Manor and $231,000 at South Franklin Circle.
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The benefits (financial and otherwise) attached to living at a continuing care retirement community are innumerous. With tangibles like healthcare and tax benefits and intangibles like lifestyle and a strong sense of community, we could go on for hours. To qualify a few of the more prominent financial benefits:
The monthly fee starts at $2,301 for one person at Judson Park
The monthly fee starts at $2,882 for one person at Judson Manor.
The monthly fee at South Franklin Circle starts at $3,039 for one person.
Services included in the fee:
Yes! Depending on your particular circumstances, you may be entitled to a medical expense deduction on your 2016 federal income tax return for a portion of the entry fee and monthly service fees paid to Judson during 2016.
In Private Letter Rulings issued by the Internal Revenue Service, residents of similar facilities were entitled to deduct a portion of their entry fees and monthly service fees as a medical expense deduction on their federal income tax return. We believe medical deductions may be based upon a one-time portion of the entry fee or monthly portion of independent living fees if the one-time deduction was not taken. Recent entry fee amounts approximated $40,000 and monthly amounts approximated $600.
The ability to take a deduction is specific to each individual, and individuals need to utilize their accountant to determine specific circumstances.
Yes! The financial analysis can be done at any time in the process. It is considered a helpful tool in assisting you with planning for a smart financial future and peace of mind.
Judson Services, Inc., a not-for-profit organization based in Cleveland that has been providing living options for older adults for over 100 years. Judson operates Judson Park in Cleveland Heights, Judson Manor in University Circle and South Franklin Circle in Chagrin Falls. Judson’s reputation for providing quality healthcare services is unsurpassed.
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