The first four categories are primarily considered “private pay“. Meaning, they are paid for out of your pocket. The fifth, Skilled Nursing Care, may be paid for by Medicare or Medicaid depending on your net worth, length and type of skilled nursing needed.  We offer a variety of financing options that can complement benefits that exist, to help you pay for and enjoy Senior Living.

What about Home Care?

For seniors in need of home care, some home care may be paid for by Medicare and Medicaid while some may need to be paid for privately.  We understand the differences and can help you explore your options by connecting you to local professionals that can help you decide what living options are best for you.  When you have decided what living option is best for you, we are here for you.  We can discuss together how it may be best to finance your living choices.

Paying for Senior Living and Home Care:

Frequently seniors pay for seniors living with the proceeds from the sale of their home. Veterans can take advantage of the “Veteran Aid and Attendance Benefit”.  But it can take time to prepare and sell the home to the right buyer or benefits to arrive. You may have stock that you do not want to sell yet.  To obtain the time needed and to ease the transition, a bridge loan could help you. It can enable you to pay the costs of senior housing now, while you wait for your home to sell, benefits to arrive, or some other liquidity event.

Choose Between Three Options to finance Senior Living and Home Care:

To help with your move, we also work with real estate professionals across the country that can spring into action to help you sell your home as quickly as possible.  So give us a call because we can be a helpful resource for you!