Financial Planning

We understand that there are a lot of financial considerations when planning on moving yourself or a loved one into a retirement or senior housing community. To help those seeking more information on financial planning, we have created and continue to create relevant resources that help you answer complex financial questions while providing insights on what communities fit your family’s wants and needs.

How Much Does Senior Living Cost?

When budgeting for senior living costs, it’s important to understand everything that’s included in your monthly rent. Among the key factors that can impact costs are:

Level of care needed:

Costs increase with more attentive lifestyle options. Independent Living is typically the most affordable option with prices increasing for Assisted Living, Memory Care, and Skilled Nursing services.

Services requested:

The amount of services and frequency of them will impact your price. Lifestyle options will come with a set of services included in rent, but you can often pay to add more if desired.

Amenities available:

Communities with an array of amenities to enjoy may have higher rent than local counterparts.


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Compare your monthly expenses to what’s included in a community's rent to make the best financial decision.

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Explore the costs of living at home, receiving in-home care, and living in a senior community.

Compare the Costs

How to Pay for Senior Living

If you’re looking at your senior living options, cost may be front of mind. We are here to help you and your family understand your options and find out what works best for you.

Financial planning

Veterans Aid

Veterans and their families should check into assistance from the Department of Veterans Affairs. These benefits can help cover extra fees and relieve some of the costs associated with care including caregiver support, physical therapy, senior living communities, and more. Find out more about how to apply and what benefits you may qualify for.

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Medicaid

Depending on your means, you might check into Medicaid, which is a state-administered public health insurance program for families or individuals with low incomes. It’s the leading government assistance programs for senior care. Medicaid payments for assisted living may be available, depending on state requirements.

Learn About Eligibility
Financial planning
Financial planning

Additional Financial Options

There are a variety of financial options available to you, such as subsidies, private payment, insurance, government programs and more. You can learn more about each of these options and then talk with our team about which may work best for you.

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Get The Complete Guide to Senior Living Costs

There is a lot to learn when it’s time to consider senior care. There are different levels of care for different needs, multiple ways to pay and ways to cut costs, too. By preparing yourself, you can ease the transition to a new life.

In our eBook, “How to Manage Elderly Health Care Costs,” find out about care costs, ways to pay, planning for care and more about budgeting.

Download Our eBook
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Take The Next Steps

1

Find the right level of care by taking our quiz

Take the Quiz
2

Find a community near you, or in your desired location

Find a Community
3

Speak to a community about what’s included in your cost and financial options for you and your family

Find a Community

For more information on retirement and senior housing options, reach out to a Senior Lifestyle community near you.