Oaks: Making Senior Living AffordableApril 15, 2021
If you and your loved one are looking for the perfect senior living community, you may have noticed that it can be difficult to find additional support and resources that reduce the cost of your senior living expenses.
At Oaks Senior Living, we believe that exceptional senior living communities should be high-quality, supportive, and affordable. We want to share some tips that you can use to help make affordable senior living easier to accomplish. Help your loved one start making steps toward finding the right senior living community today!
Although these benefits don’t apply to all seniors, they can be one of the most helpful resources available to veterans. Your loved one can access exclusive financial support that can be the key to making senior apartments more affordable.
Veteran benefits can include a series of helpful resources, including health care, insurance, disability compensation, and many others! A complete list of benefits can be found on the United States Department of Veterans Affairs website.
Many times, receiving veteran benefits will require paperwork and proof of service, so it is important to do some research to learn which documents you and your loved one will need to qualify for assistance!
Medicare can be especially helpful when seeking financial support for housing. Depending on your loved one’s situation, they may qualify for housing assistance through Medicare. There are several forms of Medicare that assist seniors seeking affordable senior living communities. Benefits will vary based on age, health status, and a series of other qualifying indicators.
To learn more about qualifying for Medicare, we recommend that you visit the official government page and request additional information about your loved one’s eligibility.
In addition to Veteran’s benefits and Medicare, there are a variety of senior living resources available to you and the senior in your life. Explore which benefits your loved one qualifies for and learn how to start receiving financial support from them as soon as possible. In some cases, your loved one can receive aid from several organizations at once, drastically reducing the cost of their out-of-pocket senior living expenses!
Personal finances can also provide support from places that many people may overlook as well. When accounting for you and your loved one’s contribution to an affordable senior living community, remember to consider things like:
- 401k savings
- Pension plans
- Real estate
- IRA plans
Sometimes, you may find that your loved one had some financial assets that you were both unaware of, which can be extremely helpful!
Finding the proper resources and financial support can be difficult when looking for a senior living community. Make sure to research which organizations and groups can provide aid to you and your loved one because each form of financial support requires different criteria to be met. We wish you the best of luck on your senior living journey!
To learn more about Oaks Senior Living and affordable senior living, please visit our website!