FREQUENTLY ASKED QUESTIONS ABOUT ACTIVE SENIOR LIVING

St. Andrew’s Village makes active senior living easy. We are a Colorado Casual active senior living community located in Aurora, in the heart of Southeast Metro Denver. We are proud of our natural and open space, with beautiful courtyards, fireplace settings, internet café, billiards, library, guest suite, indoor pool and Jacuzzi, fitness center and concierge, all within close proximity to conveniences and shops.

Choosing a senior living community can be daunting. In order for you to feel secure about your lifestyle choice, we’ve developed a concise overview of the most frequently asked questions about St. Andrew’s Village. This will outline for you what to expect from our beautiful community.

Who is qualified to become a Resident at St. Andrew’s Village?

At St. Andrew’s Village our goal is to make you, your friends and family feel at home. You and/or your spouse must be at least 62 years of age and financially able to meet the terms of the Residency Agreement. In addition, if you have individualized needs, you will have priority access to the services of assisted living and skilled nursing care.

What is Assisted Living?

Assisted Living is a comprehensive combination of housing, personalized care and health care designed to respond to the individual needs of those who require help with the activities of daily living but do not require nursing care. Friendly, trained staff is available 24 hours a day to meet both scheduled and unscheduled needs and help with meals, dressing, bathing, personal hygiene, medications, laundry, and housekeeping.

What Types of Services are offered in Assisted Living Residences?

Services that are available in the Assisted Living area usually include:

• Three meals a day
• Housekeeping
• Transportation
• Personal daily assistance with personal hygiene, medication management, bathing and dressing
• 24-hour security and staff availability
• Health promotion and exercise programs
• Personal laundry services
• Social and recreational activities

What does it cost to live at St. Andrew’s Village

At St. Andrew’s Village, each resident has the option of participating in an Entrance Fee Program, which is refundable at 80% of the current published rate to the resident or their assigns, or a Monthly Rental Program. No matter what program you choose you will pay a monthly service fee that covers all utilities (except telephone), one meal per day/per person, bi-monthlyl housekeeping, maintenance, scheduled transportation, recreational programs, 24-hour emergency response system, and priority access to Assisted Living and Skilled Nursing Care. Additional services and amenities are also available for an additional cost.

With our Entrance Fee Program, a resident pays a one-time entrance fee that is refundable, plus a monthly service fee that handles all services and amenities.

Unlike many communities that only refund your entrance fee to you or your heirs at a percentage of what you originally paid, St. Andrew’s Village will refund 80% of the current published entrance fee for your home or apartment, as the value of your residence goes up so does your entrance fee refund.

The Entrance Fee provides its own benefits:

1. It lowers your monthly service fees because it helps pay down the costs of the community.
   
2. It provides priority access to all levels of our on-site health care.

Are there tax benefits associated with living at St. Andrew’s Village?

In some circumstance, under current IRS guidelines, a portion of your Entrance Fee is considered a prepaid medical expense in the year in which the full Entrance Fee is paid. That means a portion of it can potentially be used as a medical deduction on your tax return. In addition, each January, we’ll notify you regarding what portion of your monthly service fee was considered to be prepaid medical expense for the prior year. You can then potentially use this allocation as a medical tax deduction as well. As always, please consult your personal tax advisor regarding your individual situation and how these tax benefits may or may not apply to you.

What Happens to my Entrance Fee if I decide to leave St. Andrew’s Village?

St. Andrew’s Village will refund 80% of the current published entrance fee for your home or apartment to you or your estate within 60 days of the apartment home being re-leased by St. Andrew’s Village.

Who manages St. Andrew’s Village?

St. Andrew’s Village was developed and is managed by The Stratford Companies, LLC. This established company has met senior housing and health care needs in the Midwest and Rocky Mountain regions for more than 20 years.