A Continuing Care Retirement Community (CCRC) entrance fee is a one-time payment made when a resident joins the community. At Manor House, it secures the selected residence and helps prepay a portion of future healthcare costs at current rates.

Residents can enter Manor House while living independently and can access assisted living or skilled nursing on campus if their needs change. Under Acts Life Care®, moving to a higher level of care does not directly increase the resident’s monthly fee. Entrance fee terms, including whether any portion is refundable, depend on the contract selected.

The monthly fee at Manor House typically combines many of the services and expenses that homeowners otherwise manage separately, including:

• Utilities such as electricity or natural gas, water, standard cable television and wireless internet
• Property taxes and other applicable taxes
• Home repairs, equipment replacement, exterior cleaning, groundskeeping and snow removal
• Chef-prepared meals, recreational programs, fitness opportunities and 24-hour security
• Access to community amenities and social spaces

Manor House amenities include an indoor pool, indoor and outdoor walking paths, arts and crafts center, billiards lounge, café, library, movie theater, beauty salon and chapel.

Options for residents who outlive their assets vary and may include moving to a smaller residence, adjusting expenses, or qualifying for financial assistance. Contact us to learn more about our financial assistance policies, eligibility requirements and available contract options.

The amount needed to retire comfortably in Delaware depends on housing, healthcare, lifestyle, retirement length and available income from Social Security, pensions and investments. According to Yahoo Finance, you around $700,000 in savings to retire in Delaware at 65.

Retirement community costs in Delaware vary considerably based on the residence, services, amenities, contract type and level of healthcare included. Recent research from SeniorLiving places the median cost of independent living in Delaware at approximately $3,862 per month. However, this figure does not provide a direct comparison with a CCRC such as Manor House, where entrance and monthly fees may include future healthcare through Acts Life Care®.

According to the Delaware Division of Revenue: Delaware does not tax Social Security or Railroad Retirement benefits. Residents age 60 and older may also exclude up to $12,500 per person in eligible pension and retirement income, including qualifying IRA and 401(k) distributions. Delaware has no state sales tax, although retirees may still owe state income tax on income that is not exempt or excluded.

Individual circumstances vary, so retirees should speak with a qualified tax professional about how Delaware tax rules apply to their income.

A portion of the entrance fee and monthly fees paid to a CCRC may qualify as a medical expense when it is properly allocated to lifetime medical care. Residents must itemize deductions, and only qualifying unreimbursed medical expenses exceeding 7.5% of adjusted gross income are federally deductible.

Manor House can provide documentation identifying the portion of applicable fees allocated to medical care. Because eligibility depends on the resident’s contract, income and tax situation, residents should consult a qualified tax professional before claiming a deduction.