When your elderly loved one needs additional support to stay safe and live well, you may need to find the right assisted living service. While paying for extra care for the years to come may sound like a significant financial burden, it doesn’t have to be. With the right knowledge and tools, you can find a quality service at the perfect price.

How to Pay for Assisted Living

1. Insurance

Many people have long-term care insurance as part of their policy. If you or your loved one has this insurance, you may not even need to pay for anything out of pocket. If you’re not sure about your policy, talk to your insurance agent and your prospective assisted living service.

2. Veteran’s Aid & Attendance

If you, a spouse, or a loved one served in the army during wartime, you might be eligible for special benefits. The Veteran’s Aid and Attendance Program helps to partially and fully cover a variety of assisted living services.

3. Personal Budget

Many people who need assisted living services must pay out of pocket. While that may seem intimidating, there are options out there at various price points. To ease the fiscal burden, many families choose to pool money together to help their loved ones. Reverse mortgages and life insurance are also ways to fit this invaluable expenditure into your budget.  

If you need guidance with finding an assisted living service that suits your budget and needs, consult the compassionate team from CarePatrol of New York. Based in White Plains, NY, the seasoned professionals assist locals in discovering trusted, affordable, and quality assisted living placements. They will also help you understand your insurance options. To speak with a staff member, call (914) 357-8084. For more information about the service, visit the website.