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Retirement Cruise Ship Nearing Launch
Date:6/29/2009

Innovative new concept caters to active baby-boomer retirees

CAPE CANAVERAL, Fla., June 29 /PRNewswire/ -- Oceanic Retirement Communities of America (ORCA) has started taking reservations for a program that will allow seniors to own a condo on a private residential cruise ship that also provides both the Independent and Assisted Living accommodations typically found in land-based facilities.

"People retire to Florida for three things mainly ... warm sunshine, golf, and the water," states Mel Medina, President of ORCA. "This is a unique package that provides for all that plus a wellness capability."

The ORCA Lifestyle Cruising Program will provide the healthcare aspects of traditional retirement facilities on private resident-owned cruise ships to be home ported in various coastal Florida cities. Seniors would enter the program just as they would a typical Continuing Care Retirement Community (CCRC) with a nominal entrance fee and subsequent monthly Residents' Care fees, but would live aboard the cruise ship until eventually health issues would necessitate their moving into a skilled nursing facility ashore. The big difference is this. Unlike a CCRC, on an ORCA ship, you actually OWN your residence like a condo. Upon passing, it actually reverts to your estate. The heirs can sell the stateroom or keep it for their own use by renting it out until they are 55 and ready to retire and move aboard themselves.

The first ship will enter service sometime late Summer or early Fall and will take frequent cruises to the Bahamas and Central America.

"This is an ingenious concept that fosters the active and adventurous senior lifestyle so demanded among the retiring baby boomers," says Medina, who also owns a major Central Florida home healthcare company.

Enrollment pricing in the ORCA Lifestyle Cruising Program varies from $259-499,000 for 2 people. Monthly Residents'
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SOURCE Oceanic Retirement Communities of America
Copyright©2009 PR Newswire.
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