Palm Beach Florida Continuing Care Retirement Communities (CCRCs) and Life Plan Communities with Life Care.
Learn about Palm Beach 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 learning about Palm Beach Florida CCRCs (also known as Continuing Care Retirement Community (CCRCs) or Life Plan Community) 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:
1. Why seniors like Palm Beach, Florida
2. The ten Continuing Care Retirement Communities and Life Plan Communities regulated by the Florida Office of Insurance Regulation in Palm Beach, Florida.
3. How Seniors Pay for their Entry Fee in Palm Beach, Florida, CCRCs and a helpful Funding Guide.
4. A Helpful map showing you the location of the ten Continuing Care Retirement Communities in Palm Beach, Florida.
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 Palm Beach Florida?
What’s not to like about Palm Beach! One of the country’s most well known and sought after retirement destinations, Palm Beach is famous for its beaches, luxury hotels, upscale shopping, exquisite dining, and pristine beaches! Museums, art galleries, shopping and restaurants invite you to explore and stay active. Overall, Palm Beach is highly sought after by retirees seeking an active, engaging and meaningful life. Learn about the rich history of Palm Beach by visiting the Town of Palm Beach website’s history page by clicking here.
What are the Ten True Continuing Care Retirement Communities in Palm Beach, Florida?
According to the Florida Department of Insurance Regulation, there are Ten Continuing Care Retirement Communities (also known as Life Plan Communities) in Palm Beach, Florida that offer the benefit of Life Care.
A helpful interactive map of all these retirement communities is provided below this list. They are:
1. Abbey Delray South
1717 Homewood Boulevard
Delray Beach, FL 33445
(561) 272-9600
2. Abbey Delray
2000 Lowson Boulevard
Delray Beach, FL 33445
(561) 454-2000
3. Harbour’s Edge
401 East Linton Boulevard
Delray Beach, FL 33483
(561) 272-7979
4. Edgewater at Boca Pointe
23315 Bluewater Circle
Boca Raton, FL 33433
5. St. Andrews Estates
6045 Verde Trail S
Boca Raton, FL 33433
(561) 865-6993
6. Toby & Leon Cooperman Sinai Residences at Boca Raton
21036 95th Avenue
South Boca Raton, FL 33428
(561) 609-4119
7. The Waterford
601 Universe Boulevard
Juno Beach, FL 33408
(561) 627-3800
8. La Posada
3400 Masterpiece Way
Palm Beach Gardens, FL 33410
(561) 810-3164
9. Devonshire Senior Living at PGA National
350 Devonshire Way
Palm Beach Gardens, FL 33418
(561) 227-2401
10. Vi at Lakeside Village
2792 Donnely Dr.
Lantanta, FL 33462
(866) 433-0271
How do seniors pay for their Entry Fees in CCRCs or Life Plan Communities in Palm Beach, 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.“
Below is a map of the ten best and true Continuing Care Retirement Communities in Palm Beach that offer Life Care:
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 |