Double Occupancy in the Residence – Single Transfer to Health Center Sample Clauses

Double Occupancy in the Residence – Single Transfer to Health Center. If two Residents share the Residence and the first Resident Transfers to the Health Center, then Resident will pay for the Resident remaining in the Residence the 1st Person Monthly Fee for the Residence. The transferring Resident may request that IKF apply to their outstanding balance the following amount attributable to the Resident’s Entrance Fee refund: the difference between the current lowest monthly fee for a one bedroom living accommodation and the current monthly sum of the per diem Health Center charge, after any and all Medicare, and other third party payor payments, as applicable, provided that the monthly sum of the per diem Health Center charge is more costly than the Monthly Fee. (Example: Monthly Fee = $1,700 for transferring Resident; monthly sum of per diem Health Center charges after third party payments = $7,500; difference = $5,800. Five thousand eight hundred dollars ($5,800) would be applied to transferring Resident’s outstanding balance from the amount attributable to the Entrance Fee refund. This example assumes a one-month residency in the Health Center. Shorter stays would be prorated in accordance with the number of actual days in the Health Center.)
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Related to Double Occupancy in the Residence – Single Transfer to Health Center

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