Learn about Pompano 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 a Continuing Care Retirement Community (CCRCs) or Life Plan Community in Pompano Beach, 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 Pompano Beach, Florida
2. The one Life Plan Community regulated by the Florida Office of Insurance Regulation in the city of Pompano Beach
3. How Seniors Pay for their Entry Fee in Pompano Beach, 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 Pompano Beach, Florida?

Located just north of Fort Lauderdale, Pompano Beach, Florida, is a city in Broward County, Florida. It is considered a suburb of Fort Lauderdale. Pompano Beach is truly a gem. Known for its beaches, marinas, coral reef, and countless dive sites, it is a sought after destination by young and older alike. Pompano Beach likes to say it is “Florida’s Warmest Welcome” amidst Florida’s Gold Coast, warm breezes, and sandy beaches.

Pompano Beach is surrounded by many other popular cities around Fort Lauderdale such as Davie, Sunrise, Broadview and Lauderhill. Pompano Beach is known to be family friendly, making it easy for kids and grandkids to visit and enjoy an all around wonderful time with friends and family.

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

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

John Knox Village a Life Plan Community

651 Village Drive
Pompano Beach, Florida, 33060
(754) 547-4033

John Knox Village in Pompano Beach is a highly regarded and well known Life Plan Community. Offering the peace of mind and value of a Life Care contract, with a rich array of services, amenities, entertainment and intellectual engagement. You can enjoy life with maintenance free living, pricing that can shield your assets from rising healthcare costs thanks to their Life Care contract, and the benefit of being surrounded by peers as curious and active as you!

While John Knox Village is the only Life Plan community located in Pompano Beach, Florida, that is regulated by the Florida Office of Insurance Regulation, there are many CCRCs and Life Plan communities throughout the various cities in and around, Fort Lauderdale. Visit our Florida CCRC and Life Plan Communities page to learn about the many communities throughout the region that offer the benefit of Life Care.

How do seniors pay for their Entry Fees in CCRCs or Life Plan Communities in Pompano Beach, 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 Pompano Beach 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.