Under The Mayflower’s lifecare agreement, residents are assured future care that includes skilled nursing, memory care, and assisted living, should they ever need it. We want to give our residents peace of mind for the future by offering lifecare agreements that ensure they receive the best possible care for the rest of their lives in an environment where they will be comfortable and happy.
The value of lifecare at The Mayflower is that residents have their own customized plan in place from the beginning that allows control over every decision concerning their future, including healthcare costs. Our lifecare agreement offers the security of living accommodations and services, healthcare over the long term even if financial status changes, access to premier amenities, and more. The quality of operation at The Mayflower differentiates us from other Life Plan Communities — from our exceptional reputation and the benefit of being a single-site nonprofit to dedicated staff and enriched independent living our residents love.
THE MAYFLOWER’S NEW FINANCIAL OPTION
PROVIDES CHOICE, FLEXIBILITY, SAVINGS
Moving to a Life Plan Community like The Mayflower at Winter Park empowers you to take control of your future by preparing for it today. How? By giving you a viable financial planning strategy.
In addition to premier residences, services and amenities, The Mayflower provides a discounted healthcare component that protects against rising long-term care costs – offering security (your care is guaranteed) and predictability (you’ll know you’ll be paying less. Choosing a Life Plan Community is a major decision with significant financial considerations. Agreement options vary and have different advantages.
More Choice. To provide more financial choices for people moving to our community, The Mayflower is now offering a new Life Plan agreement, in addition to our current Life Care agreement. While both agreements deliver the same array and quality of services, amenities, and benefits, the new Life Plan Agreement offers a lower cost in independent living.
The Life Care Agreement
Long-Term Savings. Life Care Agreement fees are higher for independent living so fees are lower if long-term care is needed. With this option, rates for healthcare are reduced by about 60 percent as compared to market rates.
New Life Plan Agreement
Lower Entrance and Monthly Fees. With the Life Plan Agreement, you pay lower entrance and monthly fees in independent living and when you access healthcare services such as assisted living or skilled nursing care, your cost for healthcare will still be 10 percent less than the market rate.
What is the meaning of lifecare?
We are a Life Plan Community where seniors are offered a turnkey package of services that includes independent living residences, meal plans, and amenities, plus the assurance of assisted living, memory support, and skilled nursing accommodations on campus. Our pre-funded healthcare component allows residents moving into independent living to take control of their healthcare now, which provides protection against future rising long-term care costs.
What types of residences do you offer?
Our apartments comes in many floor plans, starting at 1-bedroom/1-bathroom, plus a den at 541 square feet, going up to 2-bedroom/2-bathroom, plus a den at 1,600 square feet apartments. We also have villa homes that are 2-bedroom/2-bathroom single-story homes with a garage around 1,600 square feet. Bristol Landing offers 2- and 3-bedroom units that start at 1,477 square feet and go up to 2,215 square feet.
What are the features of the residences? Are any changes allowed?
Our apartment homes have all-electric, full-size appliances, including dishwasher/disposal, range and microwave, frost-free refrigerator with ice maker, custom walk-in closets, individually controlled air conditioning and heating, glass-enclosed balconies, a variety of floor plans, and more. You can make the following selections for your unit: flooring, countertops in the kitchen and bathrooms, paint color, and appliance color.
What about meals?
You may choose to dine in our two dining venues (three venues once Bristol Landing is completed) for lunch and dinner. We also offer a complimentary continental breakfast. Meals are based on a point system. All residents receive 450 points per month, and a typical meal is about 15 points.
What is included in the monthly fee?
Utilities (except telephone), expanded cable TV, biweekly housekeeping service, weekly linen laundry for apartments, scheduled transportation, maintenance, and 24/7 security are just a few of the inclusions in the monthly fee.
What is the entrance fee? Is it refundable?
The entrance fee is a one-time, upfront fee that covers your lifecare services, as well as guarantees your future care at a discounted rate from the market rate. The entrance fee is based on the size and type of the residence, as well as the contract you choose. Each apartment category has a range of entrance fees and refund plans.
Are there tax advantages to lifecare?
Tax advantages include a portion of entrance and monthly fees are considered prepaid medical expenses and may be tax deductible.
Do you allow pets?
Is there a waitlist?
There are two waitlist options, both are refundable and come with many perks. Insignia Level is for those who make a $2,000 deposit. Medallion Level is available to prospective residents who make a deposit equal to 10 percent of the entrance fee. This deposit offers higher placement on the waitlist.
As a Life Plan Community, The Mayflower offers a pre-funded, long-term healthcare component that enables residents to pay for tomorrow’s care in today’s dollars — a hedge against rising healthcare costs. When it comes to financing your retirement, the best plan is a flexible one. For this reason, we enable you to tailor your retirement financing to meet specific personal and family financial goals. The Mayflower received the AVP Seal in 2016, 2017, 2018, and 2019. The AVP Seal is awarded to Life Plan Communities whose actuarial balance falls in the top tier in the AVP database.
Moving to The Mayflower involves payment of an initial entrance fee, as well as a monthly service fee that covers many items required for daily living. We offer three flexible entrance fee payment options that are explained in detail in our Residency Agreement and fee schedule. As an added benefit, a portion of the entrance fee and monthly service fees is tax deductible as healthcare expenses on your federal income tax. You can discuss the various financial options and benefits with knowledgeable Mayflower personnel, who can help you select with confidence the plan that best suits you and your family.
Your Premier Life Plan Choice
Interested in scheduling a tour to see our Life Plan Community for yourself, or learning more about our lifestyle and levels of care?
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