Financial Resources in Naperville, IL

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2920 Leverenz Road, Naperville, IL 60564  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

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

Our caring team at Arbor Terrace Naperville is available to answer any inquiries regarding the financial assistance options available to you. We are committed to offering guidance and support throughout the process, ensuring that you have all the necessary information to make informed decisions about your financial situation. Additionally, take advantage of our complimentary senior living cost calculator to simplify your financial planning.

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?

In Illinois, Medicare generally does not cover the costs of non-medical care at assisted living communities. Its coverage is primarily focused on short-term stays in skilled nursing or rehabilitation centers for seniors recovering from illnesses or injuries.

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

At Arbor Terrace, we understand that every resident has unique needs. That's why we offer a variety of payment plans designed to cater to individual preferences and budgets. Our personalized packages ensure that each resident receives the level of care and support they require. To find out more about our flexible payment options and how we can assist you in planning for your senior living needs, please contact us at 630-866-8023.

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

One of our main priorities here at Arbor Terrace is to make senior living affordable and accessible. While we don't usually offer discounts or promotions for new residents, we partner with Elderlife Financial Services to help navigate your financial options for senior living.

Additionally, exploring long-term care insurance options and Veteran’s Benefits is strongly encouraged by our team. These resources can offer invaluable financial assistance for necessary care. With our skilled staff readily available to provide guidance, residents can confidently navigate these options, ensuring they receive the care they deserve while effectively managing their financial needs.

How much does a senior living community cost in Illinois?

In Illinois, the expenses for senior living communities can fluctuate significantly based on factors such as location, amenities, and the level of care provided. Typically, monthly costs for assisted living fall between $3,000 and $7,000, while memory care can range from $4,000 to $8,000.


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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