Male resident sitting down at his desk working on personal finances.

Pricing, Retirement and Understanding Our Financial Structure at Lantern Hill

Make an Investment in Your Financial Future


You’ve always made smart investments and budgeted wisely for your retirement. But costs can add up quickly, especially here in New Jersey. 

At Lantern Hill in New Providence, we’ve built a financial model that helps you manage your current expenses and safeguard your future.

There are Two Basic Costs to Life at Lantern Hill:

1. 90% Refundable Entrance Fee*

Secure your independent living apartment home with this onetime deposit. Should you wish to move, 90% of your deposit will be returned to you. Should you choose to spend the rest of your life with us, 90% will be refunded to your family.

2. Monthly Service Package

Just one check each month covers almost all of your daily expenses, such as heating and cooling, property taxes, Cable TV, and even one meal a day at your choice of our three restaurants. The cost of the Monthly Service Package remains predictable all year long.

Hear residents' thoughts about the value and costs of living at the community.

The Proof is in Our Financial Track Record

As you investigate your senior living options, consider the financial facts that set Lantern Hill apart from other New Jersey communities:

  • Fee-for-service

As a fee-for-service community, we don’t make you pay in advance for services you may never need. Here, you only pay for a higher level of heath care when and if you need it.

  • A strong foundation

Lantern Hill is one of 21 Erickson Living communities located in 11 states across the country. Erickson Living is a network of retirement communities with more than 30 years of experience in senior living and health.

  • Home for Life commitment

Lantern Hill maintains a Resident Care Fund to assist eligible residents who outlive their resources. No one has ever been asked to leave an Erickson Living community because of a genuine inability to pay.

  • Not-for-profit community

Lantern Hill is a 501(c)(3) not-for-profit corporation and an affiliate of National Senior Campuses, Inc. (NSC). The focus of the boards of NSC and its affiliated communities is on pursuing their not-for-profit missions and on the people who call the NSC communities home.

  • A steady rate of occupancy

Lantern Hill has consistently exceeded industry averages for occupancy every year we've been in operation. Our sought-after community continues to be a place where area seniors turn for high-quality services at a good value.


*See our Residence and Care Agreement for details.