Find Out Tips on How to Finance Assisted Living for Your Loved One
The Cottages Senior Living facilities are certified assisting living facilities in Texas for individuals living with memory disorders, including Alzheimer’s. The supervision of your loved ones by qualified, kind and caring staff is vital. It is comforting to know your loved ones are in the best of hands, particularly in comparison to many facilities that do not have access to the same around-the-clock staff.
If you are concerned about the cost of a memory care assisted living facility like The Cottages, here are some ways you can finance assisted living at The Cottages for your loved one:
- Utilize the Aid and Attendance Benefit available to veterans. This benefit can be used if a veteran is the older adult of the married couple or the deceased spouse was a veteran
- Short-term bridge loans allow you to borrow money against assets that you can put towards financing. There are many banks that offer these loans exclusively for senior care.
- Some long-term care insurance policies will cover assisted living. They are not only for helping with nursing home care costs. Check your policy to see what all it entails.
- Money from life settlement funding can be put towards paying assisted living costs. This can be useful when the insurance policy is no longer needed. Life settlement companies will purchase old insurance policies, so call a financial advisor for more information.
Unfortunately, many people think that financing this type of service is beyond what they can afford. The good news is that The Cottages Senior Living facilities have a very straightforward approach to pricing, with no surprise charges. This makes it possible for you to determine what is financially feasible. The Cottages have a fully inclusive price package that ensures that there is no level of care charges or hidden fees.
The management of your loved one’s care is complex, so look to The Cottages Senior Living facilities in Texas to find the perfect fit.