There are many different, often confusing options when it comes to retiring.
Depending on your particular desires and needs, there are several options. Generally, retirement communities are put into three categories: Active Adult or 55+ Communities; Rental Retirement Communities; and Continuing Care Retirement Communities (CCRC). The most important thing for you to do is start EDUCATING yourself on the options at least 2 years before moving into a retirement community. Do not be crisis driven!
Why choose a Continuing Care Retirement Community?
Although you do pay a one-time entrance deposit, your monthly fees are lower for Independent Living, Assisted Living, and Skilled Nursing. And, you will receive a State of Florida approved GUARANTEE which can provide Care For Life. This is becoming all the more important at a time when there are continual changes and cuts in both Medicare and Medicaid coverage. Continuing Care Retirement Communities remove the uncertainty of future care needs.
The number one MISCONCEPTION about Continuing Care Retirement communities is If I rent, I will not spend as much as if I were to buy a membership at Village On The Isle (CCRC). WRONG! In reality you will end up spending more money out of pocket renting than you will in buying a one-time membership in most instances.
There are a number of TRUTHS when looking at a Continuing Care Retirement Community.
For starters, you are paying for a Membership at Village On The Isle. This means you have rights to the resources on campus for the rest of your life as long as those needs can be met by the community. Let’s say for example you need to move into assisted living, you seamlessly move from Independent to Assisted and you maintain your social network while receiving the services you need.Â This is very important. We hear about cases all the time where Independent Living residents at communities become ill and cannot receive the care they need. They may be put on a waiting list at an assisted living facility or worse they may be forced to move into an off-site community they would have never chosen if they were not crisis driven.
CCRC’s like Village On The Isle provide resident tax breaks for as long as you live on campus. These tax breaks are not available in non-membership environments.
The Membership concept really takes the worry out of aging. Aging is a fact, preparing and educating yourself lets you age gracefully and free of unnecessary worry.
Village On The Isle is Venice’s only not-for-profit, faith based, CCRC. We offer Independent Living, Assisted Living and Skilled Nursing all on one campus.
Our residents can move between these levels of continuum care, without leaving the familiarities of Village On The Isle. Our residents and the lifestyle they live are so very important to us here.Â We invite you to take a look at our website, our Facebook page, our Blog and our YouTube channel to see for yourself! At Village, Your Time is NOW!