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Making Senior Living Accessible

Learn how you can make assisted living, memory care, or independent living a reality with the right financial resources. 

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Financial Options — Let Us Guide You

At The Arbor Company, we know that peace of mind means understanding your financial options. Many families use a mix of personal savings, long-term care insurance, home equity, or veterans’ benefits to make senior living more affordable. Our team is here to guide you through these choices and connect you with trusted local financial experts.

Financial Resources Available to You

Explore various methods that can help make senior living a feasible choice for your family.

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Personal Savings & Retirement Income

A common option is using personal savings, pensions, or investment income to cover expenses.

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Home Equity or Bridge Loans

Proceeds from renting or selling a home can be used to pay for senior living. Additionally, short-term bridge loans may be available for those in need of temporary financial support during the transition. 

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Long-Term Care Insurance

Learn how your long-term care insurance may help cover some of the costs. We can even help you coordinate with your provider.

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Veterans Benefits

Understand eligibility and explore potential monthly benefits for veterans.

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Life Insurance Conversions

Some families convert life insurance policies into living benefits, offering another way to fund senior living.

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Tax Benefits & Deductions

Certain senior living expenses may be tax-deductible. We can show you which expenses qualify and where to find more information.

Let's Find the Right Solution for You

Every family’s situation is different, and we’re here to help you find the best financial path forward. Our team will work closely with you to identify the resources that apply to your situation and guide you through the next steps.

Talk to Our Team
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Watch Our Webinar

Are you looking for ways to manage the costs of senior living? In this insightful webinar, Emily Schwarz, VP of Sales at ElderLife Financial, will walk you through various financial resources that can help pay for senior living, including VA benefits, real estate solutions, long-term care insurance, and ElderLife’s Bridge Loan. Whether you’re exploring options for yourself or a loved one, Emily’s expert breakdown will give you the tools you need to make informed decisions.

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Common Questions About Paying for Senior Living

 At Arbor Terrace Waugh Chapel, the monthly rate covers a wide range of services designed to promote comfort and well-being. This includes personalized care, dining, housekeeping, utilities, and access to all community amenities such as wellness programs, social activities, and 24/7 staff support. Additional services, like personal transportation or specialized care, may incur extra charges. For a detailed breakdown, we recommend scheduling a tour to speak directly with our team.

Yes, we accept veteran benefits through the Aid and Attendance program, which provides monthly financial support to eligible veterans and their surviving spouses. This can help offset the costs of senior living services, including assisted living and memory care. We can help guide you through the eligibility process and ensure you’re accessing all available benefits.

Yes, long-term care insurance is accepted at Arbor Terrace Waugh Chapel. Many of our residents use long-term care insurance to help cover their care needs. Our team can work directly with your insurance provider to ensure the process is as smooth as possible and that you receive the maximum benefits.

Determining affordability involves reviewing your financial resources – like savings and income – as well as potential benefits – like long-term care insurance or Veterans Aid. It can also be helpful to explore resources like home equity or bridge loans to make senior living more accessible. We recommend speaking with one of our financial counselors who can help evaluate all of your options in detail.

There are no hidden fees or large buy-ins required. The monthly rate covers the majority of services with precise details on what’s included. Should you require additional services or amenities, these costs will be clearly communicated in advance. We ensure that you have a full understanding of your financial commitment before moving in.