Quick take
Erickson Senior Living offers independent living within large, amenity-rich communities that also provide a full continuum of continuing care services. A distinctive financial feature is their 90% returnable entrance fee, which can offer long-term security.
The basics
Erickson Senior Living manages over 21 communities, primarily located on the East Coast, with additional locations in other states like Texas and Florida. Headquartered in Catonsville, Maryland, the company specializes in providing both independent living options and a full continuum of continuing care services, including assisted living, memory care, and long-term care.
What it's like to live there
Life at an Erickson Senior Living community often centers around a wide array of activities and conveniences, designed to support an active and engaging lifestyle. Imagine starting your day with a swim in the indoor pool or a workout in the fitness center, perhaps followed by a coffee and pastry in a casual bistro. Residents can spend afternoons pursuing hobbies like billiards, catching a film in the on-site cinema, or even playing a round of golf at a nearby course. Social connections are easily made, whether through organized group activities or simply by gathering with friends for a chef-prepared meal in one of the dining venues.
Beyond the daily social and recreational opportunities, these communities offer significant practical support. Full-time maintenance staff handle home repairs and upkeep, freeing residents from household chores. Residents also have ready access to a spectrum of health services, from rehabilitation support to assisted living, memory care, and long-term care, all located within the same community. This integrated approach means that as needs change, residents can often transition to higher levels of care without having to move far from their familiar surroundings and social circles. The deluxe apartment homes provide a comfortable and private retreat, while the campus itself encourages exploration and connection.
Care levels and cost
Erickson Senior Living communities operate with a two-part cost structure: a monthly service package and a one-time entrance fee. The entrance fee is notable for being 90% returnable, which can be a significant financial consideration for many families.
| Label | Range |
|---|---|
| Monthly Service Package | $2,156-$4,287 monthly, depending on services and housing |
| One-time, 90% returnable entrance fee | $106,000-$1,020,000, depending on what housing you choose |
Final costs vary significantly based on the size and type of apartment chosen, as well as the specific care services needed.
Who it tends to fit
Erickson Senior Living is often a good fit for individuals or couples seeking a resort-like independent living experience with the assurance of on-site continuing care. Those who appreciate a structured community environment, access to diverse amenities, and the financial model of a returnable entrance fee may find a strong match here. Families looking for a truly all-inclusive monthly rental model without a large upfront investment might find the entrance fee prohibitive, and those preferring a smaller, more intimate setting over a larger campus might want to explore other options.
Things to ask on a tour
* How does the 90% returnable entrance fee work if we decide to move out or if a resident passes away? * What are the typical wait times for specific apartment sizes or care levels within the community? * Can you describe the process for transitioning between independent living and higher levels of care, such as assisted living or memory care? * What is the average tenure of residents in independent living, and what opportunities are there for new residents to integrate into social groups? * Are there any additional fees beyond the monthly service package for things like transportation, specific fitness classes, or salon services?
