Options to Consider
We understand that finances play an important role in your choice of senior healthcare and housing. How much will it cost? How will I pay for it? Will the cost continually go up? How long will I have to keep paying? While we can’t know the specific answers to all those questions up front, we can help you explore your options and find answers.
It can be easier than you think to fund senior care and lifestyle options. Aside from the sale of a home or use of savings, you may consider reverse mortgages, long-term care insurance, VA benefits or the conversion of a life insurance policy to use for long-term care expenses. Loans specifically designed for assisted living are now available as well.
Your unique circumstances will determine the best approach for funding your senior living needs. Here are some options to consider:
War veterans and their spouses may be eligible to receive nearly $2,000 per month to help defray the cost of assisted living or other non-reimbursed medical care through the U.S. Department of Veterans Affairs Aid and Attendance Program. For more information, contact your Veterans Regional Office, (800) 827-1000.
The Internal Revenue Service (IRS) offers tax deductions on some costs related to senior care for both the resident and their family caregiver.
For those seeking to reduce the cost of assisted living or memory care, or for those who would just like companionship, our communities take great care in matching residents with common backgrounds and interests.