Learn about Plantation 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 Plantation, 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:

1. What seniors find attractive about Plantation Florida
2. The one Life Plan Community regulated by the Florida Office of Insurance Regulation in the city of Plantation
3. How Seniors Pay for their Entry Fee in Plantation, Florida, CCRCs, and a helpful Funding Guide
4. Helpful Links to other CCRCs and Life Plan communities throughout the state of Florida

There are 71 CCRCs and Life Plan Communities acknowledged and regulated by the Florida State Department of Insurance Regulation.

Why Do Seniors Like Plantation, Florida?

Plantation, Florida, is a city in Broward County, Florida and is considered a part of the South Florida Metropolitan Area and a suburb of Fort Lauderdale. It is surrounded by many other popular cities such as Davie, Sunrise, Fort Lauderdale itself, Broadview and Lauderhill. On one end of Plantation lie the Everglades and on the other is the beautiful Atlantic Ocean!

Plantation is just under 7 miles from the ocean, making it a big draw for families and retirees alike. Fort Lauderdale airport is nearby, making it easy for family and grandkids to visit, or to fly out and go see the family on your own! It has a great mix of shopping, nightlife entertainment, restaurants to enjoy, and numerous golf courses. Overall, Plantation Florida is a desirable retirement setting for its proximity to the ocean, the citys along the coastline, and all things Miami.

How Many CCRCs or Life Plan Communities are located in Plantation, Florida?

According to the Florida Department of Insurance Regulation, there is only one Life Plan Community in the city limits of Plantation, Florida, and two in Broward County overall.

Covenant Living of Florida, Inc.

9215 West Broward Boulevard
Plantation, Florida 33324
(954) 472-2860

Covenant Living of Florida is one of many communities owned by Covenant Living Communities and Services with 20 communities in 11 states, a nationally respected and well known retirement community owner and operator. The Florida community’s location is close to golf courses, the ocean, and is just 30 minutes from Miami. It offers an incredible amount of services, amenities, cultural activities and entertainment, along with care for life if desired and needed.

Covenant Living of Florida offers both full continuum of care options and monthly rental options, depending on your needs and preferences. Visits and tours are welcomed and encouraged because one has to see the community in person to fully absorb all that there is to enjoy! The community is set on a 20-acre campus just minutes from Fort Lauderdale and it even includes an off-leash dog park for residents to enjoy with their pets!

How do seniors pay for their Entry Fees in CCRCs or Life Plan Communities in Plantation, Florida?

A CCRC or Life Plan Community 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.

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.“

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.

Download this helpful Funding Guide which explains the various ways seniors in Plantation Florida fund their Entry Fees in a CCRC or Life Plan Community.

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.