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Financial Help & Resources
A comprehensive guide to understanding senior living costs, insurance coverage, VA benefits, and financial assistance programs.
Understanding Senior Living Costs
Senior living costs vary based on the level of care, apartment size, and geographic location. Our pricing is all-inclusive with no hidden fees. Independent living starts at approximately $3,200/month, assisted living at $4,500/month, and memory care at $5,800/month. These costs cover housing, meals, activities, utilities, housekeeping, and care services.
Insurance & Medicare
Medicare typically does not cover long-term senior living costs but may cover short-term skilled nursing after a qualifying hospital stay. Medicaid may cover some assisted living and memory care costs through waiver programs, depending on your state. Long-term care insurance policies often cover a significant portion of assisted living and memory care expenses. Contact your insurance provider or our financial counselor for specifics.
Veterans Benefits
The VA Aid and Attendance benefit can provide up to $2,431/month for qualifying veterans or surviving spouses to help cover senior living costs. Eligibility is based on service history, age or disability, and financial need. Our team can help connect you with VA benefit specialists to explore your options.
Additional Financial Resources
Other options include bridge loans, life insurance conversions, home equity, reverse mortgages, and state-specific assistance programs. Many families combine multiple funding sources to cover costs. Our financial counselors offer free consultations to help you create a personalized funding plan.
Have Questions?
Our team is here to help you navigate senior living decisions. Reach out anytime.