WellesleyWeston Magazine

FALL 2014

Launched in 2005, WellesleyWeston Magazine is a quarterly publication tailored to Wellesley and Weston residents and edited to enrich the experience of living in two of Massachusetts' most desirable communities.

Issue link: https://wellesleywestonmagazine.epubxp.com/i/359840

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Page 120 of 219

levels of care. Depending on your contract, part of the upfront payment is reimbursable to either you or your family. Eligibility for the Life Care Option is subject to a review of your medical history. At NewBridge on the Charles, which is operated by Hebrew SeniorLife, residents in independent living purchase their apart- ments or townhouses. Prices range from $550,000 to $1,125,000. When the home is vacated, the residents or their estate generally receive 90 percent of the purchase price. In addition, residents pay a monthly fee. Independent living residents are guaranteed places in NewBridge's assisted living and long-term care centers, but their monthly fees would increase. Waterstone in Wellesley, which has onsite independent and assisted living, offers still another financial model. Residents pay a joining fee of $6,250 and then monthly rent. Should they require skilled nursing care, they are guaranteed placement in EPOCH of Weston or other EPOCH senior living cen- ters. The rent varies with the size and loca- tion of the unit, and the level of care. At all facilities, the monthly payments are subject to increase with inflation. They also vary with the amenities that are included. Independent living generally includes one daily meal. In contrast with the limited, bland institutional dining of the past, retire- ment communities today often tout upscale restaurants with multiple menu options. 119 f a l l 2 0 1 4 | W e l l e s l e y W e s t o n M a g a z i n e

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