Financial Resources in Glenview, IL

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4700 W Lake Ave, Glenview, IL 60025  Map

Financial Resources For A Seamless Transition

We understand that choosing a senior living community can be overwhelming, especially when it comes to the cost. That’s why we’ve designed resources and tools to help you calculate the cost of senior living and make an informed decision.

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Senior Living Cost Calculator

Our cost calculator is a simple tool that allows you to estimate the monthly cost of senior living. Input your preferences and needs, and we’ll provide you with an estimated cost that meets them.


VA Benefits

The Department of Veteran Affairs (VA) offers benefits to help Veterans pay for increased senior care. The Aid and Attendance benefit is one of these programs and can provide eligible U.S. Military Veterans and their spouses over $2,600 of monthly, tax-free income, which can help cover the costs of their senior care. Eligibility can be determined in less than 5 minutes by reviewing wartime dates, discharge type, care needs, income, and assets.

Need Help Paying for Senior Living?

We’ve partnered with ElderLife Financial to provide you with funding options for a seamless transition to senior living.

See Your Financial Options Now

Unsure about your financial options? Explore a range of cost-effective solutions tailored to individual needs and circumstances.

  • icon-selling-the-home Selling the Home
  • icon-long-term-care-insurance Long-term Care Insurance
  • icon-tax-benefits Tax Benefits
  • icon-life-insurance Life Insurance
  • icon-social-security Social Security
  • icon-reverse-mortgage Reverse Mortgage
  • icon-bridge-loans Bridge Loans
  • icon-companion-living Companion Living
  • icon-medicare-benefits Companion Living
  • icon-pay-with-personal-funds Pay with Personal Funds
  • icon-shared-housing-options Shared Housing Options

Frequently Asked Questions

What is included in the monthly cost of living at Arbor Terrace Glenview?

Our professional team works hand-in-hand with the families of those who call our community home to develop care plans that best suit their needs. Living packages include everything your loved one could possibly need, from chef-prepared meals, snacks and beverages in a restaurant-style setting to housekeeping for your private apartment, luxurious amenities, concierge services and so much more. 

To better assist you with identifying potential expenses, please utilize our free senior living cost calculator or reach out to our compassionate team members with any questions at 224-516-0812

Does Medicare cover the cost of assisted living in Illinois?

Medicare typically does not cover the cost of assisted living services in Glenview, IL, or anywhere else in the United States. Medicare is primarily designed to cover medically necessary services, such as hospital stays, doctor visits, and certain medical treatments. However, individuals with Medicare may be eligible for certain medical services related to assisted living, such as doctor visits, diagnostic tests, and prescription medications to manage symptoms of dementia. Additionally, Medicare Advantage plans, which are offered by private insurance companies approved by Medicare, may provide some coverage for memory care services, but coverage varies by plan.

How can senior living at Arbor Terrace Glenview be paid for?

Paying for senior living can involve several options, including long-term care insurance, veteran’s benefits, community and state programs and more. It’s best to talk with a senior living professional team about your options and to help you uncover any financial assistance programs you may not have been aware of previously.

What Financial Planning Services Do You Offer To Help Residents Manage Their Costs?

At Arbor Terrace Glenview, we take pride in offering countless resources and services, so that seniors and their families can feel confident in making the best care decisions to meet their needs. Our professional team is available around-the-clock for any questions you or your loved one may have. We also design helpful guides and provide webinars, consultations and more to inform families of the financial assistance and programs available to them, as well as ensure they feel right at home from the moment they first walk through our doorway.

What if a resident needs to transition to a higher level of care?

We offer several care options for your loved one, including assisted living, early-stage dementia care, and advanced memory care. With flexible care plans that adapt as our residents’ needs do, you never have to worry about feeling stuck in one particular plan. We understand how our residents’ needs and preferences adjust, and we’ll gladly help you find the most affordable options, assistance, and anything else you may need, so your loved one can live their brightest and boldest lifestyle without having to worry about unexpected fees.

How much does a senior living community cost in Illinois?

Senior living community costs in Illinois vary widely depending on factors like location, amenities, and level of care. According to estimates provided by Genworth, expect to pay between $2,000 to $6,000 per month for assisted living, while memory care can range anywhere from $4,000 to $8,000 per month.


Assisted Living

Experience peace of mind, with the added support and freedom to live a vibrant, healthy, and fulfilling retirement.

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Bridges Neighborhood

A unique neighborhood for seniors in the early stages of dementia or Alzheimer's disease that promotes cognitive stimulation and healthy socialization.

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Memory Care

Designed for seniors with Alzheimer's disease or other forms of dementia, providing a safe, comfortable environment and meaningful relationships.

What Others Have to Say

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