November 7, 2024
How to Pay for Memory Care?
One of the last things many people want to discuss when you or a loved one is considering moving to a senior living community is the cost. We all like to believe there are no limits to the life we can offer, but early discussions regarding financial considerations can help ensure this transition goes smoothly.
Some options you can explore when deciding how to pay for memory care include:
Disbursements from personal retirement and pension plans
Equity from the sale of your home
A bridge loan or home equity loan
Veterans Affairs Aid and Attendance benefits
Sale of stocks and securities
Life settlement income
Financing memory care can seem overwhelming, but with thoughtful planning, you can embrace all that senior living has to offer!
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