Tag Archive for: john knox village of florida

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John Knox Village 101: Answers To Frequently Asked Questions

Making the decision about where to spend one’s golden years is a significant one, and many in the 62-plus set are turning their attention towards life-plan continuing care retirement communities (CCRCs)—such as John Knox Village—as a promising option.

As South Florida’s premier CCRC, JKV offers a comprehensive living solution with the appealing blend of independent living, assisted living, supportive memory care and nursing care—all within 70 beautiful botanical acres in the hidden-jewel city of Pompano Beach, Florida.

Given the interest and common queries around this topic, let’s delve into some of the questions JKV’s Life Plan Consultants are asked daily.

What Is A Life-Plan Contract?

A Life-Plan Contract is an insured agreement between you and the community that entitles you to live in one of our independent living apartment or villa homes. Because residents are purchasing a life-plan insurance contract, all CCRCs in Florida are regulated by the Office of Insurance Regulation as specialty insurers, and the Agency for Health Care Administration (AHCA) regulates the provisions of health care.

If, or when, your health situation changes, as a JKV Life-Plan resident, you are entitled to the unlimited use of Gardens West, our assisted living residence, as well as our highly rated rehab, long-term nursing, and memory support centers, The Woodlands, and Seaside Cove.

Paying the one-time Life-Plan entrance fee assures you of a lifetime of unlimited healthcare services. Choosing a CCRC means you will know where, and from whom, you will receive healthcare and that your loved ones will be spared the difficulty of making care decisions during a health crisis.

What Is JKV?

JKV is celebrating its 57th anniversary of providing a holistic approach to retirement living, focusing on health, wellness, and an enriched lifestyle. Residents have the peace of mind knowing they will enjoy a continuum of care designed to meet their changing needs as they age—spanning independent living, assisted living, supportive memory care, and skilled nursing care.

Residents enjoy a rich tapestry of amenities, including an Aquatic Complex boasting resort-style and lap pools, seven dining venues, fitness studios, cultural and recreational activities, award-winning life enrichment programming and beautifully landscaped grounds, all nestled on a picturesque 70-acre campus.

As a not-for-profit CCRC, our dedicated team of professionals delivers personalized care with compassion and respect, ensuring peace of mind for both residents and their families.

Isn’t It Better To Wait To Move To JKV?

Senior living experts agree that the best time to make a move is while you’re active and enjoying good health. At JKV you must be at least 62 to purchase a life-plan contract.

Additionally, moving to a CCRC, like JKV, also safeguards your assets from future healthcare costs should you need care. Assisted living, skilled nursing, and memory support expenses can quickly add up and create financial stress for you or your family if you’re unprepared.

Also, consider costs like home repairs, property taxes, and homeowner’s insurance. Moving to a CCRC eliminates these costs as well as the worry and expense of maintaining a home. For a detailed side-by-side comparison of expenses covered while living at JKV compared with staying in your house, talk to a member of our professional staff.

We all hope to be healthy far into our senior years, but the future is unpredictable and procrastinating a move puts you at risk of not passing the health assessment required for admission.

What Fees Do JKV Residents Pay?

As a JKV resident, you will pay a one-time Entrance Fee, along with a Monthly Service Fee (MSF). The MSF includes all maintenance on your apartment home or villa, housekeeping, a dining plan and use of all the incredible on-campus amenities.

Most importantly, you will be covered for future healthcare costs as outlined in your life-care contract.

Are There Tax Benefits To Living In A CCRC?

You may be eligible for significant IRS medical deductions on both the Entrance Fee and Monthly Service Fee. We recommend consulting a professional financial planner to help determine your eligibility for deductions. A member of our professional staff can also answer your questions and provide details.

What Types Of Residences Are Available?

We offer residences ranging from one to two-bedroom with den apartment homes, with many sizes and floorplans available. In addition, we offer villas, which are single-story attached homes with one-and two-bedroom floorplans.

Will I Need Insurance?

JKV provides insurance for the buildings and grounds. As a resident, your only insurance need would be a renter’s policy to cover personal property and liability.

Can I Decorate My Residence?

Yes! You may furnish and decorate your apartment or villa home to reflect your personal taste.

Is JKV Pet-Friendly?

Yes! Many residents have furry and feathered friends who also call JKV home. We have a dedicated Wellness Park on campus warmly referred to as the JKV Dog Park.

If you have additional questions or are interested in learning more, contact us today and a JKV Life-Plan Consultant will be happy to provide the answers you need or assist you with scheduling a visit to John Knox Village.

Welcome to CFO in the Know – Your Financial Questions About Life Plan Communities Answered

Douglas Folsom, CFO (Chief Financial Officer), has been with John Knox Village for six years, serving as its Controller prior to being named Chief Financial Officer in 2023. He has been at the forefront of the Village’s fast but disciplined growth while keeping a close eye on JKV’s financial steadiness. He is often asked important questions regarding living at JKV, which is why we started this informative series—to help you make well-educated decisions regarding your future.

 

Headshot of Doug Folsom, CFO, John Knox Village

Douglas Folsom, Chief Financial Officer, JKV

 

Dear Doug:  Is moving to a Life-Plan Continuing Care Retirement Community (CCRC) like John Knox Village a wise investment? — Undecided in Deerfield

Dear Undecided in Deerfield,

As the CFO at John Knox Village (JKV), I would consider it a wise investment for several reasons. Firstly, it provides comprehensive care and services under one roof, offering residents stability and familiarity as their health needs change. A Life-Plan Community, like JKV, ensures access to a full continuum of healthcare options, from independent living to assisted living, skilled nursing, and supportive memory care. This guarantees that as your health evolves, you remain within the same community, surrounded by familiar faces and settings, alleviating the stress of relocating during a health crisis.

Financially, it makes sense to invest in a Life-Plan Community, like JKV. The cost of healthcare, particularly long-term care, continues to rise in the U.S., making it essential to plan proactively. By paying a Life-Plan entrance fee, you secure lifetime access to unlimited healthcare services, which can provide significant financial stability.

For example, a non-JKV resident in skilled nursing care would pay privately an average of $15,000 per month, versus a Life-Plan resident paying a current average monthly service fee of $5,000 – a significant cost savings! This is particularly important given the unpredictability of healthcare needs and costs.

Additionally, a Life-Plan Community, like JKV, offers a rewarding lifestyle, filled with rich social and cultural experiences, peace of mind, and a sense of security. Many of our residents would recommend considering a CCRC as it provides quality care and ensures that residents do not become a burden to their families or the state as they age.

By choosing John Knox Village, you are making a sound investment in your future that not only ensures access to high-quality healthcare, but also promotes an active, purposeful, and fulfilling retirement.

senior couple sitting poolside with legs in the water splashing each other

About John Knox Village

John Knox Village, set on a scenic 70-acre campus, is South Florida’s leading life plan or continuing care retirement community, celebrating 57 years of excellence.

JKV offers a comprehensive approach to retirement with a continuum of care including independent living, assisted living, memory care, and skilled nursing. Our elegant residences, vibrant community, and extensive amenities—including an Aquatic Complex, diverse dining options, fitness centers, and cultural activities—ensure comfort and promote enrichment.

Our caring team is committed to providing personalized support in a life plan community, delivering peace of mind for residents and their families.

Interested in learning more about John Knox Village? Contact us today for a no-pressure conversation with a Life Plan Consultant, or to schedule a visit.