Paying For Senior Living & Care
The cost of Senior Living and Care varies GREATLY depending on the community, amenities, level & type of care needed, room/apartment size, location and services offered. Skilled Care is almost always covered by insurance. Independent, Assisted and Memory Care living are not. The advisors at Patriarch Placement specialize in assisting families in finding resources to cover the cost of care.
Below is a list of potential resources we explore with you to help cover the cost of Senior Living:
- Personal income
- Savings
- Investment Portfolios, like 401k plans or IRAs
- Selling or renting out the senior's home
- Long Term Care Insurance
- Life Insurance
- Reverse Mortgage
- Bridge Loan
- Veteran's Benefits
- Annuity
Our advisors also work closely with a network of services such as; estate planners, financial advisors, elder law attorneys and many other professionals who can assist you. We are here to help!
