Ways to Afford Long Term Care for Seniors
As life progresses often a point is reached where you or a loved one many need long term care. As you research the different care types and levels of care required the cost of these services can seem unaffordable. Finances can affect your choice in finding the right care. Here are a few suggestions on options that may make finding the right care more affordable.
Choose the right community. Location can be a determining factor in finding care. If you live in a densely populated area, you will more likely have more options and price ranges to choose from.
Many communities come with various amenities and services. Be honest about what is important to you. If having the finest amenities in your community is important then expect to pay for those amenities. If amenities aren't a priority, you can find excellent care in smaller home-like communities that may be more budget friendly. You could opt for a shared apartment to reduce costs.
Financing care may require you to sell big ticket items such as a home, vehicles, or furniture. Selling assets can be challenging, small and ease into selling the property.
The last resort may be researching the option of selling a life insurance policy or surrendering it for cash value. Consult a financial expert before making this type of decision.
Finding the right care can be a challenge but we are here to help! Call River Terrace Memory Care at 503-855-0646 today for more information!
River Terrace Memory Care
950 South End Road
Oregon City, OR 97045
You count on us to stay informed and we depend on you to fund our efforts. Quality local journalism takes time and money. Please support us to protect the future of community journalism.