Senior Living Financial Specialist Near You
Wondering how to obtain the lifestyle your loved one deserves?
Paying for assisted living or independent living doesn’t have to be confusing or out of reach. At Edition of Saginaw, we’ve partnered with ElderLife Financial, a trusted team of senior living financial specialists, to provide families with a free consultation and personalized guidance every step of the way.
Our financial partners are here to help you understand your choices and create a plan that works.
Get the Support of a Senior Living Financial Professional
From veterans benefits to bridge loans and everything in between, ElderLife’s financial specialists for senior living will walk you through the best way to pay for your or your loved one’s care. These specialists understand the financial side of seniors housing, including:
- Independent living
- Assisted living communities
- Alzheimer’s and dementia care
- Home care and nursing facilities
- Reverse mortgages
- Life insurance options
- Health insurance coordination
No two situations are the same, and that’s exactly why a free consultation with a senior living financial professional is so valuable. They’ll assess your needs, explain your options, and help you avoid unnecessary stress or delays. You and your family may be eligible for senior living with expert financial planning advice.
What Are My Options for Senior Living Financing?
Your ElderLife concierge will help you explore all your available resources, including:
You may already have the funds to begin your senior living journey. Many individuals use personal savings, pensions, IRAs, and investment income to pay for care. ElderLife Financial will help you create a personalized plan using your available assets, making it easier to budget for independent living, assisted living, or memory care.
Your home can be a valuable resource. By selling or using a home equity loan or reverse mortgage, families can access funds to cover the cost of senior living. ElderLife offers short-term bridge loans so you can move in now and repay later. Our specialists can help you explore the best home equity solution for your timeline and care needs.
Veterans and surviving spouses may qualify for VA Aid and Attendance, which can provide over $2,700 per month to help cover senior living expenses. This tax-free benefit can be used for assisted living, memory care, or other long-term care services. ElderLife helps families determine eligibility and supports them through the application process.
If you already have a long-term care insurance policy, it may help cover home care, assisted living, or memory care costs. Understanding what your policy includes can be tricky. Use our partners for expert reviews to clarify benefits and help you file claims. If you don’t have a policy, they can also discuss whether securing coverage is still an option.
Life insurance isn’t just for beneficiaries. Certain policies allow you to sell your plan or access its cash value. This process, called a life settlement, can help cover monthly senior living expenses. Our financial specialist partners can explain your options and determine how your life insurance could contribute to your care plan.
Some senior living expenses may qualify as tax-deductible medical costs. If your out-of-pocket medical and care expenses exceed a portion of your income, you may be able to claim deductions. ElderLife can guide you in preparing questions for a licensed tax advisor to see if you qualify. This added support could ease the financial impact of long-term care.
Bridge Loans Can Help You Move In Sooner
Waiting for a home to sell? VA benefits to process? Funds to free up? A bridge loan through ElderLife can help you cover senior assisted living financing while you wait. Many families are approved in less than 24 hours.
Insurance — What’s Covered?
Some forms of insurance may help cover medical services received in assisted living or memory care. However, insurance programs do not pay for room and board. Not all communities accept insurance, but your financial advisor can help clarify your eligibility and options.
You Deserve Answers And a Plan
Let’s face it — paying for senior care can feel overwhelming. But with expert guidance, it doesn’t have to be difficult. ElderLife has helped thousands of families find financial clarity and peace of mind when it matters most.
Get Started Today With Your Free Consultation
Fill out the form below to speak with a senior living financial specialist. Let’s ensure you or your loved one’s next chapter is filled with comfort, confidence, and the quality of life they deserve.
