One of the wonderful things about living at Broadmead is the extensive array of services and amenities that are included in your monthly service fee, making planning and budgeting for multiple expenses simple.
Figure your cost of living currently versus what Broadmead provides using our financial calculator below. Your totals will display on the left as you enter each of your costs.
Once you see how affordable Broadmead is, be sure to contact us today to learn more about how we can help you find the peace of mind you’re looking for.
Not only does Broadmead provide these services to maintain your long-term health, you may receive a tax benefit for choosing a Life Plan Community. While many know the tax benefit of maintaining a principal residence, primarily the deduction of mortgage interest and real estate taxes, there is a life plan tax benefit that can equal or exceed this amount in many cases. The IRS recognizes that the portion of the your monthly fee which is used to pay the cost of providing medical care, medicine, and hospitalization for residents of communities similar to Broadmead, is a deductible medical expense. To learn more about this, download our article on the Tax Benefits of Life Plan Communities or our letter to residents on their tax deductions.
* There are certain tax deductions that may be available to you. IRS rulings indicate that certain residents may be able to deduct a percentage of the original entrance fee as a medical expense in the year of the initial move-in, or a percentage of the monthly service fee may also be taken as a medical deduction in every year of residency. Of course, all deductions are subject to the limitations imposed by the Internal Revenue Service and we recommend consulting a tax professional.