Financial Options at The Barrington of Carmel

At The Barrington of Carmel, we offer flexible financial plans to cater to a variety of needs and preferences, ensuring you find the arrangement that best suits your financial situation.

Explore Financial Options & Pricing

Download our Financial Options and Pricing Guides — everything you need to know about our pricing models for residency and services.

Monthly Rental Plan

Residents who enter The Barrington of Carmel with a rental residency agreement pay no entrance fee. All monthly rental plans include the following:

Benefits of the Monthly Rental Plan include:

Priority access to on-site health care services, should the need arise.
Access to all the services and amenities available at The Barrington of Carmel.
A medical tax deduction (calculated annually) for monthly service fees.

Life Plan

Residents who enter The Barrington of Carmel under a Life Plan residency agreement pay an initial (one-time only) entrance fee and a monthly service fee throughout their residency. The terms and benefits of the various Life Plan residency agreements are the same with the exception of the fees, charges, and refund policies.

All Life Plan agreements provide the following:

Priority access to on-site health care services, should the need arise.
Access to all the services and amenities available at The Barrington of Carmel.
Lower monthly service fee than the fees required for rental plans.
The opportunity to apply for charitable care if your financial resources are exhausted through no fault of your own.
A medical tax deduction (calculated annually) for a portion of entrance fees and monthly services fees.
Declining Refund Option and Return of Capital Option available with different refund policies.

Continuing Care Declining Refund Plan

With this option, should you move permanently from The Barrington of Carmel, the potential refund is based on 90% of the entrance fee and declines each month of residency until it is fully exhausted at the end of 48 months, as per the terms of the residency agreement.

Continuing Care Return of Capital Plan

Under this option, if you should move permanently from The Barrington of Carmel at any time, up to 80% of the entrance fee would be refunded to you or your estate as per the terms of the residency agreement.

Frequently Asked Questions

The Barrington of Carmel offers two primary senior living financial options in Carmel, Indiana: the Monthly Rental Plan and the Life Plan.

The Monthly Rental Plan provides flexibility without an upfront entrance fee, while the Life Plan includes a one-time entrance fee, lower monthly service fees, and additional long-term financial benefits.

Both options provide access to community amenities and priority access to on-site healthcare services, subject to the terms of the residency agreement.

Senior living costs at The Barrington of Carmel in Carmel, Indiana, vary based on the residence, level of care, services needed, and financial plan selected.

The community offers a Monthly Rental Plan with no entrance fee and a Life Plan with an upfront entrance fee and lower monthly service fees. Assisted living, memory care, and skilled nursing costs may vary based on individual care requirements.

For current rates, available residences, and a comparison of financial options, call 317-810-1800 or request the Financial Options and Pricing Guide.

Yes! The Barrington of Carmel offers a Monthly Rental Plan that allows residents to enjoy community living without paying an upfront entrance fee.

This option provides access to community amenities, services, and priority access to on-site healthcare if needed, subject to the residency agreement.

The Monthly Rental Plan offers an alternative for older adults seeking a maintenance-free retirement lifestyle without the upfront financial commitment of a traditional Life Plan entrance fee.

Monthly service fees at The Barrington of Carmel vary depending on the selected residence and financial plan.

Residents have access to community amenities and services, with specific inclusions determined by their residency agreement. Contact our team to learn which dining, maintenance, housekeeping, utilities, and other services are included in your selected plan.

The Life Plan at The Barrington of Carmel is a residency option designed to provide long-term financial predictability and access to a continuum of care.

Residents pay a one-time entrance fee and ongoing monthly service fees, which are lower than those associated with the Monthly Rental Plan.

Life Plan benefits include priority access to on-site healthcare services, community amenities, potential medical expense tax deductions, entrance fee refund options, and the opportunity to apply for charitable care if financial resources are exhausted through no fault of the resident.

Specific benefits and financial obligations are outlined in the residency agreement.

The primary difference between The Barrington of Carmel’s Monthly Rental Plan and Life Plan is the upfront cost, monthly fees, and long-term financial benefits.

Monthly Rental Plan: No entrance fee, with a monthly payment structure and priority access to on-site healthcare services.

Life Plan: A one-time entrance fee with lower monthly service fees, available entrance fee refund options, priority healthcare access, and eligibility to apply for charitable care if financial resources are depleted through no fault of the resident.

Both options provide access to community amenities and services, subject to residency agreement terms.

Yes! The Barrington of Carmel offers two entrance fee refund options under its Life Plan residency agreements:

Continuing Care Declining Refund Plan: The potential refund begins at 90% of the entrance fee and declines monthly until fully exhausted after 48 months of residency.
Continuing Care Return of Capital Plan: Provides for a refund of up to 80% of the entrance fee to the resident or their estate following a permanent departure.

Refund amounts and eligibility are subject to the terms of the residency agreement. The Barrington of Carmel’s team can help explain each option and its financial considerations.

The Barrington of Carmel’s Life Plan contract includes the opportunity to apply for charitable care if a resident’s financial resources are exhausted through no fault of their own. Eligibility is subject to the community’s charitable care policies, financial review, and applicable residency agreement terms. Assistance is not automatically guaranteed.

Prospective residents are encouraged to discuss these provisions with the community’s team when comparing financial options.

Yes! The Barrington of Carmel is a Life Plan Community offering independent living, assisted living, memory care, skilled nursing, and rehabilitation services on one campus.

Life Plan residency agreements provide priority access to on-site healthcare services if residents’ needs change.

Specific care arrangements, availability, and financial responsibilities depend on individual healthcare needs and the terms of the residency agreement.

To explore senior living pricing and financial options at The Barrington of Carmel, please call 317-810-1800 or request the community’s Financial Options and Pricing Guide through its website.

The team can explain current rates, entrance fees, monthly service fees, refund options, and available residences to help you make an informed decision about your retirement living options.