• How long has the facility been in business?
• Is the facility in good financial health?
• How does the community calculate its financial reserves?
• What occupancy level needs to be maintained to guarantee financial stability
• What rights do the residents have should the community go bankrupt?
• Does the residency agreement spell out how often and/or for what reason (e.g., increased taxes) the monthly fees can be raised? Is there a cap for increases in these fees?
• Has the monthly fee been raised in the past? How often and for how much?
• Is there an initial entrance fee?
• If so, what happens to the initial "entrance fee"? What exactly is it used for?
• If a couple moves into one unit, do both people have to pay an entrance fee?
• Does the contract clearly spell out arrangements for the return of the initial entrance fee upon the termination of the contract?
• What, if any, portion of the fees are directly related to health care services? (They may be tax deductible.)
• What happens if a resident runs out of money?