Financial Resources in Highland Park, IL

Have Questions or Need More Information?
Find Out More Here

1000 Central Ave, Highland Park, IL 60035  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.

Living Options Quiz Image@2x

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

How can I inquire about financial assistance options available at Arbor Terrace Highland Park?

To inquire about financial assistance options available at Arbor Terrace Highland Park, you can reach out to our caring team directly. We're here to provide guidance and support through the process, ensuring you have all the information you need to make informed decisions about your financial situation. Also, feel free to utilize our complimentary senior living cost calculator to make your financial planning easier!

Please don't hesitate to contact us with any questions or concerns you may have.

Does Medicare cover the cost of assisted living in Illinois?

Assisted living expenses for non-medical care are typically not covered by Medicare in Illinois. Medicare primarily offers coverage for short-term stays in skilled nursing or rehabilitation communities when older adults are recuperating from illnesses or injuries.

What are the various payment plans offered for senior living at Arbor Terrace Highland Park?

Arbor Terrace offers a range of payment plans tailored to meet the individual needs of our residents. Personalized packages are available to ensure that each resident receives the level of care and support that best suits their preferences and budget. Contact us at 847-242-2926 to learn more about our flexible payment options and how we can assist you in planning for all of your senior living needs.

Are there any discounts or promotions available for new residents at Arbor Terrace Highland Park?

At Arbor Terrace, we prioritize making senior living accessible and affordable. While we do not typically offer discounts and promotions for new residents, we collaborate with Elderlife Financial Services to provide assistance in understanding the financial choices available for senior living. 

We also encourage individuals to explore long-term care insurance options and Veterans Benefits, among others. These resources may provide valuable financial assistance for the necessary care. Our skilled team is available to provide guidance and support in navigating these options, ensuring that our residents receive the care they deserve while managing their financial needs effectively.

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. On average, expect to pay between $3,000 to $7,000 per month for assisted living, while memory care can range 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.

Shot 12 - Med Cart_2045 crop

Bridges Neighborhood

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

Arbor two women painting

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

5.0 / 5