Written by Tom Kelly
With today’s modern medicine and expected future advances in healthcare, every senior must plan to live to be 100. Choices we’ve made 25 or more years ago will significantly impact the quality of life we have from age 75 to 100. This includes healthy living, financial planning and housing that allows maximum independence with minimum stress. This article will address the importance of choosing the right housing for your needs in retirement.
There are many housing choices out there, and it can be difficult to decide which one will be best for you and your family. Choices include staying in your current home, renting an apartment, moving in with family, downsizing to a condo, renting with a retirement community or a moving to a continuing care retirement community.
Modern continuing care retirement communities are an excellent choice for many because they take the guesswork out of the rest of your life. This allows you to maximize your independence without the day-to-day hassles that come from the other choices.
Continuing Care Retirement Communities are comprised of independent living communities, assisted living facilities and skilled nursing care centers together in a one geographic area. In the state of Florida, the Department of Financial Security as defined by Florida Statues Chapter 651 regulates these retirement communities. Continuing care retirement communities, also known as CCRC’s, that are not regulated by Chapter 651 are not required to provide the same financial guarantees and security.
State regulations require these retirement communities to only use state approved contracts when handling residents, and these centers maintain deposits of millions of dollars with the state in the very unlikely event of a premature facility shut down. Village On The Isle located in Venice, FL is the only continuing care retirement center that guarantees these consumer safeguards in the surrounding Venice and Sarasota area.
Apart from the worry-free lifestyle many retirees enjoy at Village On The Isle, there are special tax advantages for our residents that you could be missing out on. A provision in the tax code offers the opportunity for a significant tax deduction for anyone that enters in a membership purchase plan with an Independent Living at a Continuing Care Retirement Community. This tax exemption allows Village On The Isle to keep maintenance fees at a reasonable level.
Going through a Florida hurricane season on your own can be a scary experience, over the years Village On The Isle has sought to make this time as worry-free for our residents as possible. Thanks to new updates, Village On The Isle’s facilities can now withstand winds in excess of 110 miles an hour! Florida is also famous for it’s thunderstorms, which can leave a home without power and air conditioning for long periods of time. With six large emergency generators, Village On The Isle is able to maintain power and air conditioning to a large portion of the campus in case of a power outage. Our staff is expertly trained to assure that our residents have regular access to meals and services throughout the community in the event of a storm.
Today seniors expect the latest in electronic communications to stay in touch with their families. At Village On The Isle, our entire 15-acre community offers multi-channel WI-FI to all of our residents at no additional charge. Our staff also offers on-site training to our residents to ensure they can stay up-to-date and connected, and Skype is made available to all residents throughout the campus. Maintaining accurate information is vital to our resident’s health care, that’s why our entire facility only uses Electronic Medical Records. This ensures our residents get the proper treatment 100% of the time, and we are the only retirement facility in the area that uses electronic medical records.
There are many components to a successful retirement community, and one of the most important is the leadership of the Board of Trustees. To ensure that only those who truly care for our residents serve on the board, all of the members serve without compensation. Village On The Isle has taken this one step further by making certain that 1/4 of the 12-member board is comprised of residents who live on the Village On The Isle campus.
Choosing your next living arrangement will have a major impact on your quality of life. It is never too early to begin reviewing options for your next home, and we recommend starting three years before you ready to move. Everyone has different needs, and it is important to do your own research when looking at continuing care retirement communities. We are certain that after you compare the options, Village On The Isle can offer you the best value and the most peace of mind.
For detailed information or to schedule a tour please contact Carol Muldowney at (941) 486-5484. We can also be contacted on Facebook at www. facebook.com/villageontheisle