How Much Does Independent Living at Otterbein Cost?

Choosing a retirement community is a big decision – financially as well as emotionally. It’s important to understand what you’ll be paying and if you can afford it.

We’ve answered a few top questions about costs at Otterbein, our price points, what your financial options are, and more.

otterbein seniorlife resident

How Much Does Independent Living at Otterbein Cost?

There’s no one-size-fits-all answer to this question because Otterbein offers so many options. In fact, depending on the campus you choose, you’ll find a variety of home styles and models to fit any budget.

Otterbein SeniorLife provides a wide array of independent living residences, with monthly services fee prices ranging from as low as $1,314 to as high as $6,411. The service fees vary based on the size of home or apartment, type of residence, location on campus, contract option, and the community in Ohio you choose.

Our Otterbein community located in Franklin, Indiana, is an entrance-fee only life plan community with low monthly service fees that offset the initial investment.

Actual entrance fees and rental ranges may vary and are subject to change. Please contact a SeniorLife counselor at your community of interest for the most up-to-date and personalized cost information.

SeniorLife Communities

Contact the sales and marketing team at the community of your choice for more details.

Monthly fees at Otterbein cover all maintenance for homes, bills (including gas, water, electric, cable, and trash), taxes, access to community activities and events, and more.

otterbein marblehead home

What Are My Payment Options?

Otterbein offers three different payment options at each of its Ohio communities:

  1. A monthly services fee option to rent. This agreement option provides the services, amenities, and activities of the community with an all-inclusive, once-a-month fee. No entrance fee of any kind is required.
  2. A 100 percent refundable entrance fee. With this option – that isn’t offered by most other retirement communities – you’re eligible to receive 100 percent of your entrance fee back if you leave the community. This entrance fee also reduces the monthly services fee you’ll pay.
  3. A refundable life use fee (RLUF). Choose how much you want to invest as a down payment. The balance depreciates over the time you live at Otterbein and is not refundable, but the allowable credit will apply in all levels of care for as long as you reside in the community.

As you consider the cost of moving to Otterbein, it’s important to compare it with your current costs of living. For instance, you won’t have to pay separate bills for utilities and lawn care because those things are already included with your contract at Otterbein.

Download our free independent living cost comparison guide for your community to learn more.

Don’t have a preferred location? Click here.

otterbein residents playing shuffleboard

Can I Pay With Medicare and Medicaid?

Independent living (at communities across the country, not just at Otterbein) is private-pay only. Some residents make use of their long-term care insurance to pay for independent living services, but most pay out-of-pocket.

However, if you move to Otterbein and eventually live in the skilled nursing center, Medicaid may cover a portion of your stay. And Medicare could help cover rehab stay costs. If you have questions about how these funding sources work, talk to one of our senior living counselors.

otterbein seniorlife residents planting flowers with grandchild riding bike

What’s the Value of Independent Living at Otterbein?

Besides the maintenance-free ease of life at Otterbein, there are also varying levels of care available right on campus.

That’s because Otterbein’s locations are continuing care retirement communities (CCRCs). Our communities offer assisted living, skilled nursing, and more types of health care services.

You’ll also be a part of a non-profit community. All the revenue goes back into maintaining and improving Otterbein. And Otterbein has more control over reducing price increases as compared to a for-profit community.

Learn More About Independent Living at Otterbein

You have questions about life at Otterbein. We have answers.

Download our guide to costs and payment at Otterbein for your community to get the most updated price ranges, see floor plan options, and more.

Don’t have a preferred location? Click here.