New Lifecare Contract Options Available

Piper Shores is pleased to announce a new lifecare contract option that will make Piper Shores even more affordable for select two-bedroom, one-bedroom and studio apartments. The traditional lifecare contract at Piper Shores includes the payment of an entrance fee for an apartment or cottage that is 90% refundable when a resident moves out and the unit is resold. The new contract option - referred to as an “amortized balance” entrance fee - provides for a lower entrance fee of the traditional pricing. The refundable portion of the entrance fee is reduced by 2% each month until the fiftieth month of occupancy after which time 0% of the entrance fee is refundable. As the chart below illustrates, the declining balance entrance fee option may be ideal for a new resident with less available cash on hand or who is not planning on leaving an estate to heirs.

All other financial and medical qualifiers for the Piper Shores contract still apply. Monthly fees will be the same for either contract. For more details, please contact Andrea Killiard at (207) 510-5207.

About Piper Shores
Piper Shores is the only nonprofit lifecare retirement community in Maine and the first to be recognized by the Commission on Accreditation of Rehabilitation Facilities (CARF) and the Continuing Care Accreditation Commission (CCAC) - the nations’ only accrediting body for continuing care retirement communities. Built in 2001 in a style that complements Maine’s architectural heritage, Piper Shores is located on 138 acres of beautiful oceanfront property, situated between Higgins Beach and historic Prouts Neck in Scarborough, Maine. Piper Shores is an innovative retirement community that promotes the long-term wellbeing of its residents through a continuum of activities and lifecare services. Piper Shores residents enjoy active, independent lifestyles with guaranteed priority access to on-site assisted living and skilled nursing care, whenever they may need it.

Piper Shores is owned by Maine Life Care Retirement Community, Inc., a Maine nonprofit organization, formed by a group of accomplished local individuals to deliver the shared vision of creating an ideal retirement community on the coast of Maine.

For more information, visit http://www.pipershores.org or call 207-510-5211.