As with most non-profit retirement communities, the residents of Westminster-Canterbury pay a one-time Entrance Fee and a Monthly Service Fee upon moving to the community. The Entrance Fee assures residents use of the common areas and guaranteed services and programs of The Hoy Health Care Center, if needed. As a LifeCare community, a portion of both the Entrance Fee and the Monthly Service Fee is recognized as a prepaid health care benefit and may be deducted for tax purposes.
The Entrance Fee varies depending on the type of residence and Entrance Fee option selected. Westminster-Canterbury offers residents a choice of several different Entrance Fee options – the Standard Option, the 50-month Declining Balance Option and both a 50% and a 80% Refundable Option.
