Friday, July 15, 2011

Coastal North Carolina CCRC Retirement Options

I've been asked to research CCRC's near Coastal North Carolina and have found two great communities.

First is Cypress Glen Retirement Community in Greenville, NC 252-830-0036  http://www.cypressglenretirementcommunity.com/ 
Located at 100 Hickory Street, the community sits on 95-acres and offers options for independent living including 154 apartments and 41 cottages.  Residents have access to healthcare, 30 beds in assisted living, 30 beds in skilled nursing and 12 rooms in memory care.  The entrance fees seem very reasonable starting at $17,434 and monthly fees at only $1,338, according to the 2010 NCDOI publication.  Most of the CCRC's I've visited have a waiting list to get in so you want to call while you're still considering your options to get on the list.  They offer many options for refund should you move out, you can choose from fully declining a refund to receiving as much as 90% back.        

In CCRC's the entrance fees or buy-in fees are usually refundable should you choose to move out. 

The second option is Plantation Village in Wilmington, NC 910-686-7181 
Located at 1200 Porters Neck Road, the community sits on a 56-acre wooded site less than a half mile from the Intercoastal Waterway.  They offer only independent living on property but have Assisted living and Healthcare nearby which they also own.  According to the 2010 NCDOI publication their entrance fees are $84,550 with month fees of $1,980 and they offer the traditional 90% and 50% refund contracts should you choose to move out.  

North Carolina publishes a handy guide to their Continuing Care Retirement Communities.  It's from the North Carolina Department of Insurance and it has a great deal of information.

If I were asked to choose one of these properties I would be most interested in Cypress Glen, they offer everything I want in a community, have great pricing and payment options and are very well located.  

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