In addition to the many significant social, wellness, and healthcare benefits provided by RiverMead, there are many financial benefits. These financial benefits include:
- Significantly reduced household expenses as residents are no longer responsible for the costs associated with managing a home, including property taxes, snow removal, maintenance, and utilities.
- Relative certainty of future personal expenses as RiverMead focuses on ensuring monthly service fees remain at reasonable rates for residents, even amidst the high inflation we are currently seeing.
- Reduced healthcare expenses as there is no increase in residents’ monthly service fees should they need care in RiverMead’s Health Center.
- Potential savings on income taxes as payment of non-refundable entrance fees and monthly service fees is often able to be deducted from income as a healthcare expenses on many individuals’ personal income tax returns.
