Developer -Harbor’s Edge Neil Volder Developer -Harbor’s Edge
Topic: Continuing Care Retirement Communities – “CCRC” 21st Annual Symposium
A Life Plan Community 21st Annual Symposium
HERPC Certified Retirement Planning Counselor
1,000 + Books on Aging!
And that, in itself…. is part of the problem! We are simply Living….. Too Long! And that, in itself…. is part of the problem!
Senior Housing! Where will I live? Is a Concern! But not the Main Concern! Senior Housing! Where will I live?
2015 National Senior Survey Asked Seniors the Question: “What worries you most about getting older?” $$$$$ 2015 National Senior Survey
Seniors’ Worries About Long Life # 1 # 2 # 3 Source: Merrill Lynch
How Much Long Term Care Will You Need?
Who Pays for Long-Term Care?
Disclaimer: One must apply age qualifier!
Declining Gender Ratio in United States 85 +
Senior Housing Options Senior Apartments Assisted Living Facilities Skilled Nursing Homes Alzheimer’s Facilities Home HealthCare Life Plan Community - AKA Continiuing Care Retirement Community (“ CCRC”)
“A Life Plan Community”
A “Life Plan Community” All levels of life care are available: You first come in Independent. Many of our residents still work. Should they need a higher level of care Assisted Living Mem. Support Skilled Nursing It is there in the same building!
Harbor’s Edge Pricing Long-Term Care for all levels of care for life Entrance Fee – Refundable at 80% Average $750,000 ($600K refunded) Monthly fee - $5,500 ($6,700 couple) Lifetime use of a luxurious apartment, maintenance, chef prepared meals, housekeeping…… Includes: Long-Term Care for all levels of care for life For ony cost of two more meals a day - $600 /mo
(Annual National“Average”Cost per Person) Long-Term Care Costs (Annual National“Average”Cost per Person) 2005 2015 2025 $62K $108K $154K? 1 Yr. -Skilled Nursing Care 70% of Adults 65+ today will need long-term care services 38% will need it for an extended period Average long term care stay is 2.44 years (2010) 2025 same trend, 3 yrs. of skilled nursing = $462,000 Source:. U.S. Department of Health and Human Services & MetLife Mature Market Survey 2005
The Longer you live in retirement, the greater the likelihood that you will need to …………arrange for long term care.
A “True” Life Plan Community Includes Long Term Care Insurance No waiting period For life No limitations or exclusions All levels of care At a 5-star Nursing Home with Alzheimer's, Assisted Living facilities right in the same building! A “True” Life Plan Community
24 stories 135 Luxury Apartments 35 Memory Support units 100K New Common Area pizzaz
pizzaz
1 million sq. ft. SEAMLESS INTEGRATION It is important that the two towers feel connected when complete (rendering image showing two building connected)