With the skyrocketing cost of health care, a serious illness can rapidly deplete your parents’ assets. At Edgehill, payment of a one-time 90% refundable entrance fee guarantees unlimited priority access to a full range of health care for life. We call it the Edgehill Advantage.
Several IRS rulings have established that a portion of this entrance fee and monthly fees are deductible as a pre-paid medical expense. For your parents, this means they can take advantage of substantial tax benefits even while living independently in our community and requiring little or no care.
Annually, residents of Edgehill receive a computed summary from our auditors, indicating what percentage of the one-time entrance fee and recurring monthly fee the IRS will allow as a deduction. (All computations are subject to IRS rulings.) Please consult your financial or tax advisor for details.