Financial Resources for Senior Living
Trusted Financial Experts To Help Guide You
At Waterstone Senior Living, we understand that pricing is a factor when choosing an independent living, assisted living or memory care community.
That’s why we connect seniors and their families to financial professionals who can help them explore various resources available based on their personal situation to help cover the costs of services, lifestyle and care. These tools have assisted countless seniors and their families in accessing the financial solutions they need.
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Explore Supplemental Financial Solutions
Typically, the costs for the services and lifestyle at a senior living community come from personal savings and assets, but there are alternative solutions that can help families cover the costs of care. Financial experts are available to discuss any of the options below that may fit your personal circumstances and needs. Complete the contact form and our Senior Advisor will help connect you with a financial concierge team.
HOME SALE
The equity in a home is often an individual or couple’s largest asset and the primary source of funds for senior living. The team at Waterstone Senior Living can put you in touch with a Seniors Real Estate Specialist® who will assist you with the sale of your or your loved one’s home. They can work with you to prepare the home for sale and guide you through the entire process, from listing to closing at the best price.
BRIDGE LOANS
Making changes to your financial landscape – such as selling a home, waiting for Veterans Aid & Attendance Benefits to take effect, or awaiting distributions from a long-term care policy – can take a significant amount of time. Bridge Loans can provide short-term, immediate access to funds while you wait for more permanent sources to be available.
With a Bridge Loan, you or a loved one can benefit from a move now without the pressure of selling a home first, allowing more time to receive solid offers and maximize the return investment.
LIFE AND/OR LONG-TERM CARE INSURANCE
Life or long-term care insurance can potentially help cover the cost of care, but policies can sometimes be difficult to understand. If you are unsure about the services that your specific policy covers – and those it does not – we encourage you to speak with the insurance provider or contact us to receive a complimentary review.
VETERANS BENEFITS
Did you know there are specific Veterans Aid & Attendance Benefits that can help offset the costs of care for wartime Veterans and/or their spouses? We work with Veterans Affairs experts who help determine potential residents’ eligibility and provide guidance on how to maximize benefits.
The VA considers assets and net worth when determining benefit distribution, but with proper planning, many applicants who meet the other criteria can become eligible.
Contact us to discuss your options and to be connected with a financial solutions expert.