Salemtowne offers 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. Salemtowne offers a discounted rate in the Babcock Health Care Center and the Masten Assisted Living for a lifetime for all residents who have paid an entrance fee. Salemtowne offers several refundability options, a declining entry fee as well as 50% and 90% refund options.