Considering the Cost of Alzheimer’s Care
Caring for a loved one with Alzheimer’s is not a simple task. It’s hard seeing someone who was one vibrant and warm become distant and withdrawn. It’s also not easy to accept that this person will never be the same again. So when you are already dealing with the emotional weight of the situation, the last thing you want to be burdened with is the cost of Alzheimer’s care.
If you are considering an Alzheimer’s care facility for a loved one and need help with covering the costs, there are some financial options out there that could make things a little easier. Here are just a few offered at Brookdale Senior Living.
Elderlife Financial Services
Elderlife offers lines of credit to families and seniors that are interested in financing their senior living arrangements. This plan offers low monthly payments and can be used to supplement a senior’s move into a senior living community while waiting for the sale of a home or other benefits to kick in.
Veterans Aid Attendance Pension
The Department of Veterans Affairs provides the Aid and Attendance Pension to eligible wartime veterans and their surviving spouses. This benefit can offset a significant portion of the long term care expenses in a Brookdale community. This benefit ranges from $1,056 to $1,949 per month depending on your situation. It also is tax free.
Life Care Funding Group
Life Care Funding Group offers solutions for converting a life insurance policy into funds you can use for long term care or senior housing. One of these solutions is the Assurance Benefit. The Assurance Benefit converts a death benefit into a long term care benefit without premium payments or wait periods. Benefit amounts are larger than a life settlement and the process is quick and uncomplicated. This benefit will cover every form of long term care and senior housing.
Call Brookdale today to find the right financial options for Alzheimer’s care. Find an Alzheimer’s care facility in your area today!