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Making Senior Living Affordable in Shrewsbury, NJ

Explore the options that can make assisted living, memory care, or independent living a reality for you or your loved one.

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An open kitchen and gathering space at this senior living Shrewsbury NJ community featuring warm wood tones, a stone fireplace, open shelving, and island seating — ideal for connection and an active senior lifestyle Shrewsbury NJ.

Your Financial Path to Senior Living

At Arbor Terrace Monmouth, we understand that securing financial peace of mind is just as important as finding the right community. Many families use a combination of personal savings, long-term care insurance, home equity, and veterans’ benefits to make senior living more attainable. Our dedicated team is here to guide you through these options and connect you with trusted financial experts in the local area.

Ways to Pay for Senior Living

There are various methods available to help make senior living feasible for your family, and we’re here to help you explore all possibilities.

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Personal Savings & Income

Using savings, pensions, or investment income is a common option for covering senior living costs.

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Home Equity & Bridge Loans

Proceeds from selling or renting a home can help cover expenses. Short-term bridge loans are also available for those needing temporary financial support during the transition.

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Long-Term Care Insurance

Long-term care insurance may cover some of your costs. Our team can help you coordinate with your insurance provider to ensure you receive maximum benefits.

veterans

Veterans Aid & Attendance

Eligible veterans and surviving spouses may qualify for Aid and Attendance benefits, which can provide monthly financial support toward care services.

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Life Insurance Conversions

Families can convert life insurance policies into living benefits, providing another potential funding source for senior living.

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Tax Benefits & Deductions

Certain senior living expenses may qualify for tax deductions. We can guide you through these options to help you make the most of what’s available.

Let Us Help you Find the Right Solution

Every family’s financial situation is unique. Our team is here to work with you, helping you find the best financial strategy for your specific needs and guiding you through the process with confidence.

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Aerial view of the front entrance at this senior living Shrewsbury NJ community, showcasing the distinctive red roof, covered entry, manicured grounds, and tree-lined surroundings of this Monmouth County community.

Watch Our Webinar

Wondering how to manage the costs of senior living? Emily Schwarz, VP of Sales at ElderLife Financial, walks through financial resources such as VA benefits, real estate solutions, long-term care insurance, and ElderLife’s Bridge Loan. Whether you’re considering options for yourself or a loved one, Emily’s expertise will help you make informed decisions.

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Senior Living LIVE! Financial Resources to Pay for Senior Living

Common Questions About Paying for Senior Living

The monthly rate at Arbor Terrace Monmouth includes a wide range of services designed to promote comfort and well-being, such as personalized care, dining, housekeeping, utilities, and access to all community amenities, including wellness programs, social activities, and 24/7 staff support. Additional services like transportation or specialized care may have extra charges. We recommend scheduling a tour to speak directly with our team for a detailed breakdown.

Yes, we accept veteran benefits through the Aid and Attendance program, which provides financial support to eligible veterans and their surviving spouses. This can help cover the cost of assisted living and memory care services. Our team is available to guide you through the eligibility process and ensure you access all the benefits you're entitled to.

Yes, Arbor Terrace Monmouth accepts long-term care insurance. Many of our residents use this insurance to help cover their care needs. We work directly with your provider to ensure the process is seamless, so you can maximize your benefits and minimize any hassle.

Determining affordability involves reviewing financial resources, such as savings and income, along with potential benefits like long-term care insurance or veterans' assistance. Home equity or bridge loans can also be helpful in making senior living accessible. We recommend speaking with one of our financial counselors who can evaluate all of your options in detail.

At Arbor Terrace Monmouth, we believe in transparency. There are no hidden fees or large buy-ins. The monthly rate covers most services, and any additional services or amenities are clearly outlined in advance, ensuring you have a full understanding of your financial commitment before making any decisions.