Learn about West Melbourne 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 West Melbourne, 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 West Melbourne Florida
2. The one Life Plan Community regulated by the Florida Office of Insurance Regulation in West Melbourne
3. How Seniors Pay for their Entry Fee in West Melbourne, 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 West Melbourne, Florida?

West Melbourne is a city in Brevard County, Florida, and was created in 1959. People love the fact it is right by the beach with no shortage of shops, restaurants, and other stores to enjoy in a relaxed, coastal setting. Young and older alike mingle on the same beautiful beaches, stores, and food venues. Young professionals like West Melbourne for its great schools. Retirees love West Melbourne for the beautiful beaches, vibrant population, along with an overall sense of health, well being and safety.

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

According to the Florida Department of Insurance Regulation, there is only one Life Plan Community in West Melbourne, Florida and Brevard County:

Buena Vida Estates

2129 West New Haven Avenue
West Melbourne, Florida 32904
(321) 724-0060

Buena Vida is Brevard County’s only Continuing Care Retirement Community serving residents since 1982. The community is also non-profit. It has been in operation for over 40 years! It is located near historic downtown Melbourne giving its residents convenient access to countless restaurants, shops, and its beaches. The community is focused on residents’ healthy and active lifestyles along with its “Lifelong Wellness Program”. Concerts, parties, and social outings are a frequent occurrence at Buena Videa Estates!

According to the community’s website, Buena Vida offers a “Type A” Life Care Contract. To learn more about Life Care contracts offered by CCRCs and Life Plan Communities, download our Senior Funding Guide provided below!

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

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 West Melbourne Florida fund their Entry Fees in a CCRC or Life Plan Community, here.

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.