Here I have just one bill. I know exactly what I’m going to spend each month.
A Smart Financial Structure
Oakland County seniors who are concerned about their retirement costs will enjoy financial peace of mind at Fox Run in Novi.
The 90% Refundable Entrance Deposit*
This one-time entrance deposit secures your independent living apartment home for as long as you live here. It’s 90% refundable to you or to your estate.
Monthly Service Package**
The convenient Monthly Service Package bundles almost all of your regular living expenses into a single monthly fee for a set amount.
Consider these facts, which speak to Fox Run’s financial strength and stability:
- Home for Life commitment
Fox Run maintains a Benevolent Care Fund designed specifically to assist eligible residents who outlive their resources. No one has ever been asked to leave the community because of a genuine inability to pay.
- Fee-for-service advantage
As a fee-for-service community, we don’t make you pay upfront for health care services that you may never need. Unlike a life care model, we only charge for a higher level of care when and if it’s needed—an approach that could save you and your family thousands of dollars every year that you remain independent.
- Consistent growth
Fox Run has seen steady and consistent growth since opening in 2003. The community is currently comprised of two residential neighborhoods, two clubhouses, and a dedicated continuing care neighborhood. A new residence building is currently under construction.
- High occupancy
Fox Run has exceeded industry occupancy standards every year we’ve been in operation.
- Profits stay within the community
As a not-for-profit community, Fox Run reinvests earnings into the community to provide residents with an extraordinary lifestyle at an affordable cost.
- A solid foundation
Fox Run is one of 19 communities managed by Erickson Living, one of the nation’s largest developers and operators of continuing care retirement communities.
*See our Residence and Care Agreement for details.
**Ancillary services are available for an additional fee.