Common Assisted Living Retirement Home Questions 1 | Do you take Medicare or MediCal?
Unfortunately, we do not accept Medicare or MediCal as forms of payment. We are private-pay only. That being said, however, we can assist you in putting together a financial plan that would make your loved one’s stay with us more affordable. Many people have assets at their disposable, of which they are not aware.
The Department of Veterans Affair’s Aid and Attendance pension income benefit is commonly over-looked by those who are eligible. It can provide much-deserved financial relief for those who fought for our country, and their spouses. We can put you in contact with professionals who can guide you through the application process.
Life insurance policies, which have outlived their usefulness, are an asset that can be liquidated to provide extra funds. The Life Care Funding Group is one resource which can assist you in selling a life insurance policy for its life settlement value.
Elderlife Financial Services can provide loans, designed for people who are looking to finance senior housing, with low monthly payments.
Long-term healthcare insurance can be used to finance a stay in assisted living. Many people believe, mistakenly, that this type of insurance is for home health care or skilled nursing. However, an assisted living community qualifies as “home” under the definition given in most long-term healthcare insurance policies.
Especially in this challenging economy, some may be intimidated by the cost of quality memory care. However, finding a safe place for your loved one is also your priority. We can help you investigate these payment options, or others, to assure that you find the safety you are looking for, while also being able to afford it.
