Budgeting

Planning for senior care

In some cases, families and individuals can plan for the possibility of a move to independent or assisted living. Oftentimes, the need for increased assistance, subacute rehabilitation or skilled nursing care may arise unexpectedly.

Planning in advance for senior living provides the opportunity to better understand the pricing structures for each level of care, and the financial investment required. Additionally, it allows time for you to consider your income, assets and other options for financing senior care.

Here are some of the assets to consider when building a budget for independent living, assisted living or long-term care. For the most complete assessment of your financial options, we encourage you to contact one of our communities directly.

Common considerations:

Social security income
Retirement accounts (401K or IRA)
Savings
Real estate

Other options:

Medicaid
Long-term care insurance
Life insurance and loans
Veteran’s benefits

Overwhelmed by the cost of senior living?

Use our budgeting worksheet to compare your current expenses against the cost of senior living.

In many cases, the comfort, safety and security of senior living provides a greater value.

Download Budgeting Worksheet

Understanding your financial options

Planning for senior care

Common considerations:

Other options:

Overwhelmed by the cost of senior living?