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Choose a residence to fit your style, size and financial preferences

With such a wide variety of floor plans and four different financial plans, it’s easy to find the right match in this appealing continuing care retirement community. All of Goodwin House Bailey’s Crossroads’ financial options include a one-time entrance fee plus a monthly fee. Both fees vary depending on the size of residence and payment plan you select.

Monthly fees enable you to enjoy the many amenities and services provided at Goodwin House Bailey’s Crossroads and start at $2,060 for a studio apartment and $2,394 for a one-bedroom apartment.

Entrance fees, which start as low as $112,110 for a studio apartment and $171,290 for a one-bedroom apartment, ensure that we can continue to provide high quality services, amenities and programs to meet resident needs and preferences. Our Extensive Lifecare plans guarantee residency and access to all healthcare services available at Goodwin House Bailey’s Crossroads, including assisted living, intermediate skilled nursing, and the clinical services provided in the wellness center, without an increase in your monthly fee. This greatly alleviates worry about future healthcare costs and can protect your assets from potentially devastating expense if a higher level of care is ever needed. (A resident agreement defining all services, amenities and healthcare is included with your contract.) Entrance fees vary depending on the specific residence and refund option selected.

Financial options include three different resident agreements that guarantee Extensive Lifecare.

• Standard Plan: This is the traditional Extensive Lifecare plan in which an entrance fee guarantees that all healthcare will be provided with no increase to the monthly fee paid in independent living, regardless of the level of care required. A refund of the entrance fee is based on a declining formula, which is 1% per month for each month of residency if an individual moves out and 4% per month for each month of residency if an individual passes away. The reason for the difference is that if a resident chooses to leave, Goodwin House wants to ensure that funds are available to support that individual in another living arrangement. 

• Modified Plan: Based on the Standard Plan, this plan provides an option for individuals who prefer to pay a lower entrance fee. The Modified Plan has a higher monthly fee than the Standard Plan. The refund declines based on the same formula as the Standard Plan.

• 50% Refund Option: This option was designed for individuals who prefer to pay a higher entrance fee knowing that 50% of the entrance fee paid will be returned to their estate at their death.  The monthly fee is the same as that of the Standard Plan.  The refund declines based on the same formula as the Standard Plan, but not less than 50% of the entrance fee paid.

• We also offer a Long-Term Care Option for residents who have been paying long-term care insurance premiums to cover future health needs. Based on the understanding that many policies require a 90-day waiting period before taking effect, the Goodwin House Long-Term Care option provides 90 days of healthcare coverage in assisted living or the health care center, plus clinical services in the wellness center. After 90 days in assisted living or the health care center, the resident pays a private pay daily rate and works with the long-term care insurance company to obtain reimbursement. This plan has a discounted entrance fee with the same monthly fee in independent living as the Standard Plan. The refund declines based on the same formula as the Standard Plan.

Goodwin House also has a Fellowship Program which offers confidential financial assistance for residents who have outlived their financial resources and for prospective residents seeking admission to our communities.  Eligibility for this program includes individuals with ties to Northern Virginia; a history of community service; and who meet the conditions of occupancy for residential living. 

Not sure which plan to choose? Contact us and we’ll review all the options, show you some sample contracts and help you decide which option is right for you.

The Financial Disclosure Statement includes copies of the resident agreements, audited financial statements and other pertinent information.  Additional information can be found in the Disclosure Statement required by the Department of Social Services.