Financial Options at Hoosier Village

At Hoosier Village, 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.

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Choose the Residency Agreement That Works for You

Prior to becoming a resident of Hoosier Village, you will have the opportunity to select a residency agreement with the financial plan that best suits your situation and preferences. The following information is provided to assist you in better understanding the options available to you.

Hoosier Village offers two major types of financial plans with their residency agreements:
Continuing Care and Monthly Rental plans.

Continuing Care Plan

Residents who enter Hoosier Village under a continuing care residency agreement pay an initial (one time only) entrance fee and a monthly service fee throughout their residency. 

All continuing care agreements provide the following:

  • Priority access to on-site health care services, should the need arise
  • Sixty free days in the Health and Rehabilitation Center or Memory Care (per contract)
  • Access to all the services and amenities available at Hoosier Village
  • 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 vs. Return of Capital

The terms and benefits of the various continuing care residency agreements are the same with the exception of the fees, charges, and refund policies. The monthly service fee is the same for both the Declining Refund and Return of Capital plans.

Declining Refund Option

With this option, should you move permanently from Hoosier Village, 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.

Return of Capital Option

Under this option, if you should move permanently from Hoosier Village 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.

Monthly Rental Plan

Residents who enter Hoosier Village with a rental residency agreement pay no upfront entrance fee. This option is not available for our single or duplex houses. 

For more information, please call 317-899-9508 to schedule an appointment to review the available options in more detail, including specific pricing for the Hoosier Village home of your choice.

Do I Pre-Qualify?

Interested in learning more about which financial plan is right for you? Contact us today to explore your options and find out if you pre-qualify for residency at Hoosier Village.

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Experience the vibrance of Hoosier Village for yourself. Whether you’re interested in pricing, availability, or simply want to explore our beautiful community, we invite you to request additional information or schedule a tour. 

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Frequently Asked Questions

Hoosier Village provides two main financial plans: the Continuing Care Plan, which includes an upfront entrance fee and lower monthly service fees, and the Monthly Rental Plan, which requires no entrance fee but has higher monthly costs.

This plan offers priority access to on-site health care, 60 free days in the Health and Rehabilitation Center or Memory Care, a lower monthly service fee, and potential tax deductions. It also allows residents to apply for charitable care if they outlive their financial resources.

With the Declining Refund Option, up to 90% of the entrance fee is refundable, gradually decreasing over 48 months. The Return of Capital Option provides a refund of up to 80% of the entrance fee at any time if you move out.

This plan requires no entrance fee and provides access to all services, amenities, and priority health care. However, it is not available for single-family or duplex homes.

The Continuing Care Plan offers lower monthly fees compared to the Monthly Rental Plan, which has higher ongoing costs due to the lack of an entrance fee.

Yes, residents on the Continuing Care Plan may qualify for an annual medical tax deduction on a portion of their entrance and monthly service fees.

Residents on the Continuing Care Plan may apply for charitable care if they deplete their resources through no fault of their own, ensuring continued residency and care.

You can contact Hoosier Village at 317-873-3349 to schedule an appointment and discuss which financial option best fits your needs.