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For a limited time, Arbor Terrace Hamilton Mill is offering special savings. Curious what's available? Schedule a tour today to learn more.
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How to Pay for Senior Living in Dacula, GA

Understanding how to pay for senior living can seem complex, but Arbor Terrace Hamilton Mill is here to help. Our team works closely with you to explore the financial options that best suit your needs.

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Talk to Our Team Calculate Your Costs
A group of residents joyfully raise their hands during a seated exercise class at Arbor Terrace Hamilton Mill, an active senior living community in Dacula, GA, smiling and engaged in a bright, cheerful common area.

Explore Your Financial Options with Confidence

We understand that each family’s financial situation is unique. Our team can walk you through a variety of options that can make senior living more accessible. From long-term care insurance and veterans' benefits to home equity or personal savings, we’ll help guide you toward the right solution, ensuring your financial journey is clear and manageable.

Ways to Pay for Senior Living

Explore the financial resources and options available to help make senior living accessible for your family.

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Personal Savings & Retirement Income

Using personal savings, pensions, or investment income is a common method for covering senior living expenses. Our team can help you evaluate your assets and identify the best approach based on your savings and income sources.

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Home Proceeds or Bridge Loans

If you own a home, you may be able to use the proceeds from selling or renting it to fund your senior living expenses. Additionally, bridge loans can provide short-term financial support that allows for a smooth transition into senior living without financial stress.

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Long-Term Care Insurance

Long-term care insurance is often a valuable resource to help cover senior living costs. We can assist in coordinating with your insurance provider to ensure that you maximize your benefits and understand what is covered.

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Veterans Aid & Attendance

For veterans or their spouses, the Aid and Attendance benefit can provide financial support for assisted living and memory care. We can help you understand eligibility requirements and guide you through the application process.

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Life Insurance Conversions

Some families choose to convert life insurance policies into living benefits to help fund senior living. This can be a smart way to access funds for long-term care while maintaining a solid financial foundation.

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Tax Benefits & Deductions

Some senior living expenses may be tax-deductible, depending on your circumstances. It’s important to explore which costs qualify and how you can potentially benefit from available deductions.

Let's Find the Right Financial Solution Together

Every family’s financial path is different, and we’re here to assist you in identifying the best options for your situation. Our senior living advisors will work closely with you to guide you through the process, helping you explore each resource and understand the steps ahead.

Talk to Our Team
Two residents enjoy a peaceful moment outdoors petting a fluffy grey poodle on a garden bench at Arbor Terrace Hamilton Mill, a pet-friendly senior living community in Dacula, GA, surrounded by colorful flowers.

Watch Our Webinar

Looking for a detailed explanation of financial resources for senior living? In this webinar, Emily Schwarz, VP of Sales at ElderLife Financial, offers valuable insights on available funding options, including VA benefits, long-term care insurance, home equity, and ElderLife’s Bridge Loan. Whether you’re planning for yourself or a loved one, this webinar will give you the tools you need to make well-informed decisions about senior living finances.

Watch Our Webinar
Senior Living LIVE! Financial Resources to Pay for Senior Living

Common Questions About Paying for Senior Living

Families at Arbor Terrace Hamilton Mill often combine several resources:

  • Personal savings, pensions and retirement income

     

  • Proceeds from selling or renting a home

     

  • Long-term care insurance

     

  • Veterans Aid and Attendance benefits

     

  • Life insurance conversions

Generally no. Families exploring Arbor Terrace Hamilton Mill should know that Georgia Medicaid typically doesn't cover the monthly cost of assisted living or memory care, such as housing and meals. Some state waiver programs may help with certain care services for people who qualify, and our team will walk you through it.

Planning ahead is the best protection. At Arbor Terrace Hamilton Mill, families are encouraged to map out savings, income, home proceeds and benefits like long-term care insurance or Aid and Attendance before move-in. If finances change, talk with the team early, and our team will walk you through it. A financial planner or elder law attorney can also help.

Often, yes. Long-term care insurance is a common way families help cover costs at Arbor Terrace Hamilton Mill, depending on the policy. The team can coordinate with your insurance provider so you understand what's covered and get the most from your benefits.

Yes. At Arbor Terrace Hamilton Mill, veterans and surviving spouses may use the VA's Aid and Attendance benefit, which provides monthly financial support that can help with assisted living and memory care. Our team will walk you through eligibility and the application process.

No. Arbor Terrace Hamilton Mill doesn't require a large buy-in or entrance payment. Residents pay one predictable monthly payment, so their assets stay available for other needs. Our team walks families through exactly what the monthly payment covers before move-in.

Yes. Many families at Arbor Terrace Hamilton Mill use proceeds from selling or renting a home to pay for senior living. If the home hasn't sold yet, a bridge loan, such as those offered through ElderLife Financial, can provide short-term funds for a smooth move. Our team can connect you with trusted real estate professionals.

Sometimes. Families at Arbor Terrace Hamilton Mill should know that some senior living expenses may be tax-deductible depending on your circumstances, especially costs tied to qualifying care services. A tax advisor can help you see which costs qualify and how to claim them.

It can. At Arbor Terrace Hamilton Mill, care services are based on each resident's needs, and care plans are adjusted as those needs change. If your parent needs additional support, the team discusses any change in cost with you in advance, so you understand your commitment before anything changes.