Peace of Mind…in a Peaceful Setting
At our life plan community in Worcester Township, PA, you’ll enjoy the peace of mind that a full continuum of care provides and the security of a solid long-term financial plan, backed by a trusted nonprofit senior living organization with an over-30-year history of financial integrity and strength.
Be Prepared for ‘Someday’
Because every aspect of life here at Meadowood is designed around you, your health, your safety, and overall well-being, we offer options in contracts and pricing tailored to your unique needs. Whatever retirement living options you choose, you may be surprised at the value of a life plan community and how favorably monthly living costs at Meadowood compare with your current costs.
Our Community’s Financial Integrity
Fitch Ratings has affirmed the “BBB” rating on $60.4 million series 2018A revenue bonds issued by the Montgomery County Industrial Development Authority on behalf of Meadowood Corporation (Meadowood). Fitch has also assigned a “BBB” Issuer Default Rating to Meadowood. The rating outlook is stable.
Take Comfort in the Knowledge That
- You don’t have to give up the lifestyle you’re accustomed to
- You won’t burden family or friends due to unexpected health or financial issues
- If you do require health services, you’ve already made plans to receive quality care
- You don’t have to worry about changes in living expenses and healthcare
Our Commitment
As a nonprofit, Meadowood reinvests its “profit” for continuous improvement of our Worcester Township, PA community. Our commitment is to provide the highest level of service while keeping fees as low as possible. Our board-level finance committee, comprised of board, residents and management staff, oversees the financial operations of the retirement community.
“All profits are pumped back into the community, from capital improvements, to finding quality employees, offering better benefits, or lowering residents’ annual increases.”
— CFO Steve Wisniewski
How It Works Financially
At Meadowood, we’re all about choice. You have two contract options for refunding your investment in your estate: Life Contract or Fee-for-Service Contract. You also can choose from three types of plans: Estate Preservation Plan, Traditional Plan, and Capital Preservation Plan. In addition, you can take your pick from three types of pricing plans: Conservative Declining Balance Plan, 50% Refundable Plan, or the 90% Refundable Plan. This gives you more power to plan for the future you want for yourself and your loved ones. To learn more about your options, please contact us.
Financial Components
We have an Entrance Fee and a Monthly Fee, which vary based on the size and location
of the home you select. 1 A portion of your Entrance Fee and your Monthly Fee may be tax deductible. 2
Entrance Fee
We offer various refund options, including 90%, 80%, 50%, and 0%, allowing you to select a program and price that best suits your needs. The refundable portion of your Entrance Fee will be returned within a maximum of 120 days to you or your estate when you leave Meadowood.3
Monthly Fee
This covers utilities, housekeeping, day-to-day home maintenance, landscaping, your Culinary Club Plan selection, and much more; it also includes your choice of long-term life care protection provided at Meadowood.
1 Second Person Fee applies to Entrance Fee and Monthly Fee.
2 Please work with your tax advisor.
3 Entrance Fee program is subject to change. Not all refund levels are available on every home.
Our Retirement Community’s Financial Integrity
As a nonprofit, single-site Life Plan Community, Meadowood does not answer to shareholders. The “profit” is reinvested to continue to improve our Worcester Township, PA retirement living community. Fitch Ratings has affirmed the ‘BBB’ rating on $60.4 million series 2018A revenue bonds issued by the Montgomery County Industrial Development Authority on behalf of Meadowood Corporation (Meadowood). Fitch has also assigned a ‘BBB’ Issuer Default Rating to Meadowood. The rating outlook is stable.
Paul Nordeman, Meadowood’s president & CEO, oversees the day-to-day operations of Meadowood and reports to an all-volunteer board of directors. The board ensures that Meadowood stays true to its mission to promote the highest quality of life for all who experience our community.
Meadowood’s commitment is to provide the highest level of service while keeping fees as low as possible. Our board-level finance committee, comprised of board, residents and management staff, oversees the financial operations of the retirement community.