Fort Myers Florida Continuing Care Retirement Communities (CCRCs) and Life Plan Communities with Life Care.
Learn about Fort Myers Florida CCRCs (Continuing Care Retirement Communities) and Life Plan Communities offering the benefit of Life Care.
At Second Act Financial Services we help seniors fund their moves to Florida CCRCs all the time! If you are interested in a Continuing Care Retirement Community (CCRCs) or Life Plan Community in Fort Myers, Florida, we are here with helpful information so you can decide if these communities are right for you.
In a previous page we provided an orientation on CCRCs and Life Plan Communities. To obtain a short, easy to understand orientation on these retirement communities, visit our Florida CCRC page to learn:
1. What CCRCs are.
2. The fee structure of CCRCs.
3. How seniors pay for their Entry Fees in CCRCs and a helpful Funding Guide.
4. The relevant state office that regulates Florida CCRCs.
5. Associations that Florida CCRC community professionals as well as residents, can be a part of, and
6. Browse by city, a list of the 71 CCRCs and Life Plan Communities in Florida.
On this page we will feature:
Fort Myers Florida Continuing Care Retirement Communities and Life Plan Communities
1. Why seniors like Fort Myers, Florida
2. The two Life Plan Communities regulated by the Florida Office of Insurance Regulation in Fort Myers.
3. How Seniors Pay for their Entry Fee in Fort Myers, Florida, CCRCs and a helpful Funding Guide.
4. A Helpful map showing you the location of the two Continuing Care Retirement Communities in Fort Myers and the two nearby in Bonita Springs and Cape Coral, Florida. The map is at the bottom of this page.
5. Helpful Links to other CCRCs and Life Plan communities throughout the state of Florida below the map.
There are 71 CCRCs and Life Plan Communities acknowledged and regulated by the Florida State Department of Insurance Regulation.
Why Do Seniors Like Fort Myers Florida?
Fort Myers, Florida, has a lot to love. In a lot of ways it is a hidden gem compared to other bigger cities in Florida. Located on the Gulf Coast side of the state its pristine beaches invigorate your mind and body every day. While a quarter of the population is comprised of retirees, there is a growing influx of millenials and younger generations making for a vibrant intergenerational mix of residents walking, swimming, shopping, and enjoying all that Fort Myers has to offer. Numerous museums, art galleries, shopping and restaurant options invite you to explore and stay active. Overall, Fort Myers is highly sought after by retirees seeking an active, engaging and meaningful life. It is home to one of the largest and most well known Continuing Care Retirement Communities in the United States, Shell Point Retirement Community.
How Many CCRCs or Life Plan Communities are located in Fort Myers, Florida?
According to the Florida Department of Insurance Regulation, there are two Continuing Care Retirement Communities (also known as Life Plan Communities) in Fort Myers, Florida, with two more within a short driving distance within Lee County:
Shell Point Retirement Community
15000 Shell Point Boulevard
Fort Myers, Florida, 33908
(239) 454-2231
Cypress Cove at HealthPark Florida
10200 Cypress Cove Dr.
Fort Myers, Florida, 33908
(239) 454-2231
Both Shell Point Retirement Community and Cypress Cove at HealthPark are well known and highly regarded for their extensive ameneties, location near beautiful waters, and life care options. There are two more Continuing Care Retirement Communities nearby, one in Cape Coral and one in Bonita Springs. They are:
Bonita Springs Retirement Village, d/b/a The Terraces at Bonita Springs
26455 S. Tamiami Trail
Bonita Springs, Florida, 34134
(239) 949-7555
1333 Santa Barbara Boulevard
Cape Coral, Florida, 33991
(239) 454-2231
How much do the Two Continuing Care Retirement Communities in Fort Myers, Florida, Cost and how do Seniors Pay for their Entry Fees?
Residences at Shell Point Retirement Community start at $253,000 up to $1,592,000 with monthly service fees commensurate with the level of unit and life care contract you opt for. According to the community’s website, Shell Point offers Contract A, Contract B, and Contract C.
Shell Point Retirement Community Contract Options:
– Contract A: A standard Life Care with a 75% Refundable Option, it includes independent living, plus assisted living, memory care and skilled nursing all covered by the same monthly service fee.
– Contract B: Features a 15% reduction applied to the Contract A option, providing independent living, assisted living, and memory care in assisted living. It includes guaranteed acces to skilled nursing at private pay rates.
– Contract C: Offers a 100% refund of the entry fee upon death or contract cancellation. This contract does not include assisted living, memory care or skilled nursing. But it does provide guaranteed access to these services.
Cypress Cove at Health Park Florida Contract Options
– Life Care Plan: A standard Life Care plan, providing independent living, assisted living, memory care, and skilled nursing at the same monthly fee as independent living. Two levels of refundable entry fees are offered.
– Modified Care Plan: Provides a reduced entrance fee for independent living with assurance of access to assisted living, memory care, and 30 days of skilled nursing each year.
– Fee for Service Plan: With this plan you pay for long-term care services you actually use. If you need assisted living, memory care, or skilled nursing it is available as needed. If you leave the community your full entrance fee is refunded to your estate.
As discussed previously usually the difference in Entry Fee costs and plans lies in the amount you will pay in an Entry Fee. Typically the higher the Entry Fee the less you have to pay for long-term care. The lower your Entry Fee, the more you would pay for long-term care. For the exact details contact Cypress Cove directly.
How do seniors pay for their Entry Fees in CCRCs or Life Plan Communities in Fort Myers, Florida?
An Entry Fee is usually hundreds of thousands of dollars. As previously discussed, it may be fully or partially refundable to your estate and it buys you the peace of mind of “life care”, care for life by locking in pricing at certain levels, depending on your contract type.
Most seniors usually sell their home and use the cash proceeds from their home sale to pay for their Entry Fee. For those seniors who would like to move into a CCRC first and enjoy the benefit of time to prepare, list and sell their home, a Home Equity Line of Credit for Senior Living such as the one offered by Second Act can act as a bridge loan for your CCRC entry fee. And yet others draw down from retirement accounts or borrow from their securities through what is called a Margin Loan.
The portion of your Entry Fee that may be refundable to your estate depends on your contract type which we explain in detail our blog article titled “The Four Main Types of Entry Fee Contracts in CCRCs and Life Plan Communities.“
There are two Continuing Care Retirement Communities in Fort Myers, Florida:
Shell Point Retirement Community and Cypress Cove.
Two more communities are nearby:
Gulf Coast Village in Cape Coral, Florida, and The Terraces at Bonita Springs in Bonita Springs, Florida.
Who Regulates CCRCs in Florida?
Primary Florida State Regulator for CCRCs:
The primary regulator of CCRCs in Florida is the Florida Office of Insurance Regulation. The office can be reached via email at ccrcteam@floir.com or by phone at (850) 413-3153.
Florida CCRC Industry Association
Florida also has a state association for CCRCs and Life Plan Communities. This association is called LeadingAge Florida and also known as Leading Age Southeast. Anyone can attend the state conference, including seniors interested in CCRCs, current residents of CCRC communities, and of course, the professionals who operate and support the 71 CCRCs in Florida.
Florida CCRC Residents Association
For the residents enjoying life in these 71 CCRCs throughout Florida, there is an association for you as well! The Association is called FLiCRA – Florida Life Care Residents Association. The Associations mission to ensure the quality of life of residents in CCRCs and Life Plan Communities. The Association also represents residents as a recognized voice before the Florida state legislature and state regulatory agencies. It is located in Talahassee and can be contacted by emailing flicra@executiveoffice.org.
CCRCs and Life Plan Communities by Florida City
There are 71 CCRCs and Life Plan Communities in the state of Florida according to the Florida State Office of Insurance Regulation. These communities are located in the cities below. Click on the city of interest to you to see which CCRCs and Life Plan Communities are located in the location of your choice:
Altoona | Estero | Orange City | Sarasota |
Atlantic Beach | Fort Myers | Orlando | Seminole |
Aventura | Gainesville | Oviedo | St. Augustine |
Boca Raton | Jacksonville | Palm Beach Gardens | St. Petersburg |
Bonita Springs | Juno Beach | Palm City | Talahassee |
Bradenton | Keystone Heights | Palm Harbor | Tampa Bay |
Cape Coral | Lakeland | Penney Farms | The Villages |
Clearwater | Lantana | Pensacola | Venice |
Cutler Bay | Leesburg | Plantation | Vero Beach |
DeLand | Longwood | Pompano Beach | West Melbourne |
Delray Beach | Miami Beach | Ponte Vedra | Winter Park |
Duvedin | Naples | Port Charlotte |