 |
.
|
New York Times October 9, 2011
 Many retirees in New Jersey and New York migrate to Pennsylvania due to lower insurance costs and other tax benefits. Pine Run Village, a not-for-profit continuing care retirement community opened in 1976 on a 43-acre campus owned and operated since 1992 by Doylestown Hospital in Pennsylvania’s Bucks County, has 293 Quaker-style cottage sand apartments for its residents, whose average age is 78. Entry fees run from a modest $10,000 for a studio cottage up to $335,000 for a luxury apartment with a 90 percent refundable plan. Monthly fees range from approximately $1,800 for a single person to $5,000 for a couple.
Residents are drawn to perks such as a free swim club member-ship and continuing education classes offered every week — and a variety of planned activities for artists, gardeners and exercise enthusiasts. While taking advantage of the active environment, residents have peace of mind knowing that higher levels of care are available, if needed.
“Selling the house in favor of a move to a retirement community like Pine Run makes a lot of economic sense to home owners facing creeping maintenance costs and depreciating home values,” explained Barbara Chierici, Pine Run Village’s marketing director. “The active-adult market seeks value and flexibility for their dollar, and a modest purchase at Pine Run affords the opportunity for investing assets with a higher potential for return. Additionally, today’s retirees plan for several life stages in the bonus years. The flexible fee programs at Pine Run give them the freedom to move again if their life situation changes.”
|
