Senior living options have evolved greatly in the past decade, and the payment and financing methods have changed as well. In fact, the senior living industry is rapidly changing every year. These changes mean you may need a refresher on the financing options available for elder care. This way, you can ensure that your loved one gets all the services they need in the right senior living facility without causing undue financial burden on you. Below are some of the commonly asked questions about senior living financing. What Options Do I Have to Pay for Senior Living? You can easily pay for assisted living by applying for a bridge loan. Such a short-term loan will be very beneficial if you are planning to sell your loved one’s house. You can also seek the assistance of senior living relocation specialists and sell the property when your senior family member is ready to move to an assisted living community. If you are not planning to sell the home, then the best option will be to rent it. You can cover the expenses of senior living using monthly rental payments. If a senior is eligible for a Veteran’s Administration pension, then they may receive benefits from the VA to pay for senior living as well. You can contact the regional office of the US Department of Veterans Affairs to see if their Aid and Attendance Program covers the expenses of assisted living for your loved one. Is it Possible to Use Life Insurance […]

The move to an assisted living community can be tough for seniors. Often, the impact of leaving their home and moving to a new environment can affect their overall mental and physical well-being. That is why it is important to make the transition period as smooth as possible. One of the crucial things to do in order to make the move easier is to visit the assisted living facility regularly. You will need to create a new routine around your work hours and other commitments to spend some time with your elderly loved one in the senior living community. Apart from that, you should also try to make each visit special for your senior family member as they adjust to the new environment. Below are some simple activities that can help to make your time with your senior loved one at the assisted living facility more special.  Do Crafts Together Doing crafts is a simple but fun and engaging activity that can help you spend some quality time together with your elderly loved one. You can find many ideas for senior-friendly crafts online, which allow you to create something beautiful together. This can especially be a great activity during the holidays or celebrating a particular day, like an anniversary or birthday. Play a Board Game Board games can keep seniors mentally active while keeping it fun. You can even ask the neighbors or new friends of your elderly family member in the assisted living facility to join in and have […]