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Frequently Asked Questions

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Q. What is the benefit of living in a continuing care retirement community like Inverness Village?

A. Inverness Village offers a vibrant lifestyle filled with conveniences and daily opportunities for warm and interesting social interactions with others. There’s a special energy that comes from living in a multi-faceted community along with a sense of belonging, of being among extended family. But many residents believe the most important aspect of living at an Asbury community such as Inverness Village is having a secure plan for the future. With lifetime priority access to a full continuum of services, Inverness residents and their family members have peace of mind knowing that they will have access to assisted living, skilled care and memory support services, even if they exhaust their financial resources through no fault of their own. Most importantly, you can be among people you call friends and those you trust no matter what life brings.

Q. What if I need long-term care?

A. In addition to the beauty and comfort of residential living, you have priority access to private, on-site assisted living, memory support, and Inverness Village’s highly reputable skilled nursing care. Our skilled team will work with you to put a personalized plan in place for any health issue that arises. It's an investment that provides reassurance for you and your loved ones.

Q. If I ever need help to maintain my independence, what choices will I have?

A. At Inverness Village, as your need for services changes over your lifetime, you have the opportunity to order home health services into your residential living apartment. Or you could relocate either to Redbud Court Assisted Living or Heather Hall Health Care Center to secure the services you need.

Q. What if I already have long-term care insurance?

A. Inverness Village accepts long-term care insurance. In fact, many of our current residents value receiving all of their care needs on-site while retaining a private policy. Check with your provider for specific coverage questions.

Q. Is it true that I can get a refund of my entrance fee?

A. Yes. At Inverness Village, you can choose from two entrance fee plans. One of these plans will refund 90% of the entrance fee according to the terms and conditions of your residency agreement. The second option is a 50% refundable plan. Refunds are paid within 30 days after Inverness Village receives an entrance fee from the next person who occupies your residence and you no longer reside in any accommodation at Inverness Village.

Q. What is included in the monthly fee?

A. The amount of your monthly fee is based on the style of residence you choose and the array of services provided in that neighborhood. For instance, most residents’ monthly fees include a flexible meal plan, interior and exterior maintenance of the residence, all utilities (except phone and internet), 24-hour emergency call systems, transportation, housekeeping, access to all of the amenities and common areas, and priority access to all levels of Inverness Village’s quality health care.

Q. How do I know if I can afford to live at Inverness Village?

A. With more than 15 different floor plans, Inverness Village offers so many living options that it can accommodate a wide range of people age 55-plus. Before being accepted for residency, you are asked to show that you have enough income and assets to support your living expenses through your projected lifespan. This calculation is made through a system maintained by an outside actuary. (If you outlive your resources, you would be eligible for Asbury’s Benevolent Care program. See below for more information.) Generally, someone with a retirement income who owns a home in the area or has equivalent assets can afford the security and benefits of the Inverness lifestyle. In some cases, people with lower assets are able to live at Inverness Village if a relative agrees to place a designated sum of money in trust. In these cases, the trust is released and the funds are returned if not needed to cover the resident’s expenses. An Inverness Village retirement counselor will be happy to help you understand the best options for you.

Q. What is the Benevolent Care program?

A. A significant part of the not-for-profit mission of the Asbury system of communities is to ensure that residents who outlive their resources through no fault of their own are able to continue living within their chosen community, such as Inverness Village. These residents are able to apply for and receive support to cover their expenses, regardless of whether they live in residential living, assisted living or in skilled care. The Asbury Foundation actively seeks donations for Benevolent Care, including a special endowment fund, to offset the costs of providing this support.

Q. What does it mean to have “priority access” to health care services?

A. If you ever require services in Heather Hall, our private Health Care Center, you will always have preference over non-resident applicants to available openings. This is an important aspect of life at Inverness Village. Residents and their family members have peace of mind knowing that if services are ever needed, Inverness Village will ensure that care is provided throughout your life.

Q. Who administers Inverness Village?

A. Under direction of the Executive Director, a management team is responsible for the day-to-day operations and overall functioning of Inverness Village. The Inverness Village Board of Governors, which includes several leading members of the Tulsa community, works directly with the Executive Director and is focused exclusively on Inverness Village’s programs, quality of care and service, master campus planning, and fundraising activities (in conjunction with the Asbury Foundation).  The Board of Governors makes recommendations to the Asbury Board of Directors, which is legally responsible for control of Inverness Village. Additionally, the Asbury Board of Directors has the primary responsibility for approving the budget and maintaining financial health as well as monitoring quality of care and services.  The Asbury board is focused on enhancing the strength of the entire organization, ensuring fulfillment of its mission and tax-exempt purpose, and recognizing its full potential for providing services to seniors.

Please see the Residency Agreement for more detailed information.

 

 

 


What Does Owning Your Home Cost You?

Have you looked at your expenses lately? At Inverness Village, most of these are part of your monthly fee.

  • Mortgage, rent or HOA fees
  • Real estate taxes
  • Cable and utilities
  • Groceries, take-out, dining out
  • Health club and entertainment

Our retirement counselors would love to talk to you about the range of affordable living options and entrance fees available. Contact us for more information.