Why is there an Entrance Fee at New Horizons?
With a fully-refundable Entrance Fee, there is considerably less risk of any residents defaulting on their obligations to the community. As a result, uncollected fees are almost non-existent, and rates are lower for all residents. The entire $30,000 Fee is 100 percent refundable to the resident, or to his or her estate, when the resident leaves. Interest earned on these fees also helps to keep monthly fees lower, yielding a tax savings for many residents.
