As the first and only Life Care retirement community in Tulsa, Inverness Village offers the quality and comfort you expect in your home, your environment and your way of life. We also recognize the importance you place on making the right decisions regarding your retirement planning. So we’ve developed this concise overview of the most frequently asked questions about Inverness Village. If your particular questions aren’t covered here, please don’t hesitate to call, e-mail or come see us in person.

What is Life Care?

The Life Care Advantage at Inverness Village is a complete lifestyle choice that translates to financial freedom and peace of mind at a great value. Life Care at Inverness Village gives you financial security through predictable monthly expenses for the rest of your life, with lifetime access to a full continuum of care. The benefits of the Life Care Lifestyle include:

1. Estate preservation through an entrance fee up to 95% refundable
2. Substantial tax benefits available
3. Controlled future health care costs
4. Predictable monthly fee if long-term health care is needed
5. Protection from rising long-term health care costs

What does Continuum of Care mean?

Most people move into Inverness Village and take full advantage of all the freedom and peace of mind our unique retirement lifestyle has to offer. One of our key advantages, however, is our status as a Life Care community offering a continuum of care. This means lifetime access to assisted living, memory support and skilled nursing care, if ever needed.

Who stands behind Inverness Village?

Our Board of Directors is comprised of talented, innovative business professionals with solid ties to the community and an unwavering commitment to excellence. Bringing strength and guidance to Inverness Village as sponsor affiliate is Asbury Communities, Inc. Asbury Communities is a not-for-profit organization that provides management services for seven non-for-profit senior living communities. Each of these communities provides exceptional services for seniors. Asbury Communities draws upon the rich history and experiences of each of its  communities, and with this in mind, they dedicate their experience to the betterment of the senior population. This is reflected in the mission of Asbury Communities: To create services for seniors that enhance the value of the entire span of life.  Asbury Communities was recently ranked 10th by size in the top 100 emerging not-for-profit retirement systems. *

*B.C. Zeigler, Inc., 2007, Top 100 Not-for-Profit Senior Living/CCRC Systems

What does it cost to live at Inverness Village?

At Inverness Village, each resident pays a one-time entrance fee that is up to 95% refundable and varies in amount depending upon the size and type of residence you choose. In addition, each resident pays a predictable monthly service fee that covers a host of services and amenities. For a complete list of services and amenities, click here.

What does the entrance fee cover?

The Life Care entrance fee at Inverness Village covers the lifetime use of your residence and lifetime access to assisted living, memory support and skilled nursing services, if ever needed. Your entrance fee also ensures that you won’t be asked to leave in the event of financial hardship, if your financial resources are depleted for reasons outside of your control. The entrance fee is also up to 95% refundable to you or your estate, so your assets will not be depleted in order to pay for the costs of long-term care.

What does the monthly service fee cover?

The monthly fee covers full interior and exterior maintenance of your home and all the community amenities and recreational activities. If you should need long-term health care, your monthly fee will stay at a predictable rate.

Are there additional charges not covered by the entrance and monthly fees?

Your monthly bill will include any additional charges for meals or beverages in excess of your dining account, and may also include these optional services:

1. Guest accommodations
2. Catering for special events
3. Beautician and barber services
4. Convenience store purchases
5. Personal laundry and dry cleaning
6. Tours and group activities such as concerts, theater productions, ballet, etc.

Some medical supplies, rehabilitation services and optional services will either be billed directly by the professional providing the service or covered by Medicare or supplemental insurance.

Will I own my residence?

As a Life Care community, Inverness Village owns all the Apartments, Cottages and Garden Homes on the campus. The benefit is you don’t have to worry about things such as the costs or headaches of home maintenance, property tax, or any of the other responsibilities typically associated with owning your home. Plus, you retain lifetime use of your residence and all commons areas.

Are there tax benefits associated with living at Inverness Village?

Several IRS rulings have established that a portion of a Life Care community entrance fee and monthly fees are deductible as a medical expense. There are several ways the Life Care entrance fee benefits you, including substantial tax benefits in the form of a lump sum or monthly deductions. These health care tax deductions are only available through Life Care communities. Inverness Village is the only qualified Life Care community in Tulsa at this time. We recommend discussing your situation with a tax advisor.

What happens to my entrance fee if I decide to leave Inverness Village?

Up to 95% of your entrance fee is refundable to you or your estate if you ever leave Inverness Village.

Are there any special requirements in order to reserve a home at Inverness Village?

Inverness Village is designed for people who are living independently at the time of reservation and who are at least 55 years of age at the time of move-in.

Am I ready for Inverness Village?

The most frequent response of Inverness Village residents and of those at Life Care communities across the country is “I wish I’d done it sooner!” Life Care takes the burdens out of life so you can continue to enjoy your active lifestyle.

In a 10-year study conducted by the John D. and Catherine T. MacArthur Foundation, scholars determined that only 30% of physical aging could be attributed to genetics. The rest is up to you and the lifestyle decisions you make. As a Life Care retirement community that embraces this philosophy, Inverness Village provides you with all the tools to make the right decisions. So, you can ultimately start to live a happier and healthier life with security and peace of mind for the future.

Do you want to pursue an engaging, socially fulfilling retirement lifestyle with people who share common interests and enjoy the same activities? Would you like to be relieved of the demands of all interior and exterior home maintenance? Are you concerned about your financial exposure to the high cost of long-term health care? If the answer to any of these questions is “yes,” then the answer to the big question is, “Yes! I’m ready for Inverness Village!”

How do I reserve my residence at Inverness Village?

By visiting our community and choosing the floor plan and location you prefer. You place 10% of the entry fee as a deposit on the residence of your choice. You do not pay anything else until you move in.

We hope this answers some of your questions, and invite you to visit and discover Inverness Village for yourself. We look forward to seeing you.

For information, or to arrange a private tour, call (918) 481-9988 or toll-free (877) 481-9988.

Or click here to contact us by e-mail.