Quote:
Originally Posted by retiredguy123
The main difference between Erickson independent living and Watercrest is that Erickson includes ownership in a condo, with a refundable deposit. Watercrest is a month-to-month rental facility with no ownership. Neither independent living arrangement offers any medical treatment or assistance. Also, Erickson facilities offer a much more permanent living arrangement and a large campus with upscale facilities.
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Erickson requires an entrance fee which is refundable to some extent..
"90% Refundable Entrance Fee*
This one-time fee secures your independent living apartment home for as long as you live here. Should you leave the community, 90% will be returned to you or your beneficiaries."
I do not believe a resident purchases ownership in a "condo" with it.
What Is a Condominium? How Condos Work Compared to Apartments.
Charlestown has a "medical center"
"Your medical center is located right on campus, so you'll receive prompt care from providers who specialize in senior health and wellness. Unlike most medical practices, we schedule 30 minutes for each appointment and offer easy access to all your medical information through our secure resident health portal."
and a physician is always "on call".
"There's always a doctor on call, plus an emergency medical response team with an average response time of three minutes or less."
The quotes are from their website.