Frequently Asked Questions

A: The primary differences between rental communities and Life Plan Communities (also known as Continuing Care Retirement Communities, or CCRCs) are found in what levels of care are offered and how that care is paid for. Independent living rental communities may not include a full continuum of care. In addition, they typically do not include any financial coverage of residents’ future healthcare needs.

Life Plan Communities, on the other hand, offer access to the full continuum of care, ensuring that residents’ care needs are met at every stage should those needs arise. And depending on the contract type, some medical costs may be either partially or fully covered by the monthly fee.

The Ormsby is a Life Plan Community. That means that we provide a maintenance-free lifestyle and independent living accommodations with the added assurance of supportive health services in the future. The Ormsby not only promises you an exceptional lifestyle today but gives you peace of mind for tomorrow.

Here are a few resources to learn about Life Plan versus rental communities:

• My LifeSite: Comparing Rental Retirement Communities and Life Plan Communities
• A Senior Living Resource: Understanding Your Senior Living Options: Renting vs. Buying
• AgingCare: Renting vs. Buying in Senior Living Communities

A: Because we’re a not-for-profit Life Plan Community, The Ormsby can reinvest in our community and staff, benefiting the people who live here.

The Ormsby will be driven by resident satisfaction, not profit margins. We stay true to our commitment to quality of life for residents and peace of mind for their families.

A: Like most Life Plan Communities, residents of The Ormsby pay an upfront, 90% refundable entrance fee, as well as an ongoing monthly fee. Both entrance fee and monthly fee pricing is dependent upon the size of the residence you select when moving in, as well as the number of occupants living there. In most cases, residents will find that the cost associated with living at The Ormsby will be equal to or less than the cost of living independently. Learn more about our pricing.

A: Yes, when you place a 10% reservation deposit and become a Charter Member, you not only reserve the residence of your choice and secure valuable Charter Member benefits. You also are guaranteed the peace of mind that, should you wish to cancel your reservation prior to The Ormsby opening, your 10% reservation deposit, which will be held in an escrow account in your name and be gaining interest, will be fully refunded to you.

A: Yes, several IRS rulings have established that a portion of a Life Plan Community entrance fee and monthly fees are deductible as prepaid medical expenses. The deduction formula can be quite nuanced and recent tax law changes have had an impact. Therefore, we suggest you discuss your individual tax situation with your personal tax advisor.

A: The Ormsby will feature multiple on-campus dining venues, each offering a wide range of culinary styles and dishes that are both rustic and elegant. From a fast-casual option to a lively bar and lounge to an upscale French dining experience, you’ll never be short on choices. Each of these venues will also offer to-go options as well for those who’d rather enjoy their meal in the comfort of their own home. Restaurant quality meals will be combined with the best parts of home cooking, all freshly prepared for you and yours by our experienced kitchen staff. Learn more about dining at The Ormsby.

A: Because remaining active and being an integral part of a community are important factors in living long and living well, The Ormsby will offer a blend of premier services and amenities including a range of housing options, hospitality, recreational and social services, as well as gourmet dining.

A: Most of us can think of a list of reasons to delay making a move away from the place where we have made a life and a home. And why not? The known is always more comfortable than the unknown; and doing nothing invariably feels far easier than doing something.

The issue with this decision is that by waiting to make a choice like this, most adults will find themselves put in a situation where choices can become limited or we have no choice at all. A difficult situation where an unforeseen change in our health or finances will force a change in our lifestyle—and suddenly, it’s our children or our doctors who are deciding our future for us based on what’s available and affordable at that time. Making a move to a Life Plan Community like The Ormsby helps negate any of those issues from taking control of your life, and instead, puts the power back in your hands.

A: St. Elizabeth Healthcare, the standard-bearer for health and wellness in our region, is a proud partner in the development of The Ormsby, a not-for-profit Life Plan Community.

A: The esteemed architect of The Ormsby is Perkins Eastman. Founded in 1981 in New York City, Perkins Eastman is a global architecture firm that works out of 17 interdisciplinary offices around the world. From education and healthcare to mixed-use and transit-oriented developments, the firm designs for a sustainable and resilient future, and to enhance the human experience through the built environment.

Perkins Eastman’s senior living practice is focused on ideas, innovation, and leadership. The firm has a passion for the built environment and its ability to help people—from quality of lifestyle to quality care.

A: IDA (Interior Design Associates) is making the interior design finish selections for The Ormsby. While IDA is based in Nashville, Tennessee, the firm has extensive senior living design experience on projects nationwide. Their expertise, creativity, and technical knowledge allow them to create beautiful interiors that seamlessly incorporate the functionality that makes those interiors practical for seniors.