Are there hidden fees or large buy-ins at The Arbor at Lake Worth?

No. The Arbor at Lake Worth prides itself on transparency. There are no hidden fees or large buy-ins required. The monthly rate covers all essential services, and there are no unexpected charges. Families can feel confident and comfortable with the financial aspect of their decision.

Can proceeds from selling a home be used to pay for senior living?

Yes, many families use proceeds from selling or renting a home to cover senior living costs. Bridge loans can also assist during transitions between homes, providing short-term financing while a home sale is pending.

Can a life insurance policy be used to pay for senior living?

Yes, you may be able to convert an existing life insurance policy into a living benefit to help fund senior care costs. This option, known as a life insurance conversion, allows policyholders to access the value of their policy to cover assisted living or memory care expenses.

Are assisted living expenses tax deductible?

Certain assisted living expenses may qualify for tax deductions as medical expenses. The specific deductions available depend on the level of care required and individual tax circumstances. We recommend consulting a tax professional to understand what may apply to your family's situation.

Making Senior Living Affordable

Discover financial options that can help make assisted living, memory care, or independent living more within reach for your family.

Talk to Our Team Calculate Your Costs

Ways to Pay for Senior Living

Explore the financial resources and options that can make senior living more accessible for your family.

Personal Savings & Income

Many residents use personal savings, pensions, or investment income to cover their living costs.

Home Proceeds or Bridge Loans

Some families use proceeds from selling or renting a home. Bridge loans can also assist during transitions between homes.

Long-Term Care Insurance

Learn about long-term care insurance coverage, and how The Arbor can assist with coordinating benefits with your provider.

Veterans Aid & Attendance

Discover eligibility criteria and how the monthly benefit can help cover assisted living or memory care.

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Life Insurance Conversions

You may be able to convert an existing life insurance policy into a living benefit to help fund care costs.

Tax Deductions & Medical Expense Credits

Certain assisted living expenses may qualify for tax deductions.

Watch Our Webinar

Looking for ways to manage the costs of senior living? In this informative webinar, Emily Schwarz, VP of Sales at ElderLife Financial, will guide you through a variety of financial resources that can help cover the costs of senior living. She'll cover VA benefits, real estate solutions, long-term care insurance, and ElderLife’s Bridge Loan. Whether you're considering options for yourself or a loved one, Emily’s expert insights will equip you with the knowledge you need to make confident, informed decisions.

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Senior Living LIVE! Financial Resources to Pay for Senior Living

Common Questions About Paying for Senior Living

At The Arbor, the monthly rate covers all the essentials for a comfortable, worry-free lifestyle. This includes meals, housekeeping, utilities, maintenance, and access to all the amenities and services within the community. Additionally, care services such as assistance with daily activities are included, depending on the level of care required.

Yes, we accept Veterans benefits, including Aid & Attendance, which can help cover the costs of assisted living or memory care. Our team is knowledgeable about the application process and can assist you in determining your eligibility and connecting with local resources to help you apply for these benefits.

Yes, long-term care insurance is an option for covering senior living costs. Many residents use their policies to help with expenses. Our team can help you navigate your policy, coordinate with your insurance provider, and ensure you understand what’s covered.

We offer tools like our cost calculator, which allows you to compare your current expenses with life at The Arbor. Our team can also work with you to review your financial situation and help you explore various payment options, such as personal savings, home equity, or long-term care insurance, to determine what works best for your family.

No, we pride ourselves on transparency. There are no hidden fees or large buy-ins required. Your monthly rate covers all the essential services, and we make sure there are no unexpected charges. We want you to feel confident and comfortable with the financial aspect of your decision.