Salemtowne offers two contract types:
A Modified contract (type B) – The NC Department of Insurance defines a Type B or a modified contract as one that provides housing, residential services, and a specified amount of health-related services in exchange for an entrance fee and a monthly fee. Health related services are provided at a subsidized rate.
A Fee-for-Service contract (type C) – The NC Department of Insurance defines a Type C or a fee-for-service contract as one that provides housing, residential services, and priority access to health-related services in exchange for an entrance fee and a monthly fee. Health related services are provided at the going, full per-diem rate.
Salemtowne offers several refundability options, a declining entry fee as well as 50% and 90% refund options.