Helping You Navigate Every Option
Our trusted financial partners at ElderLife Financial and Aid and Attendance work alongside you to map out your resources, uncover benefits you may qualify for, and identify solutions that can bridge any gaps. Here’s where most families start:
Personal Funds and Home Equity
Savings accounts, 401(k)s, stocks, CDs, and the equity in your home are often the first resources families draw on. A Seniors Real Estate Specialist (SRES®) can help maximize your home’s sale value, and estate sales can turn unused belongings into additional funds for care.
Insurance
Long-term care insurance and certain life insurance policies may help cover senior living costs and reduce the financial burden on families. ElderLife consultants can review your existing policies at no cost, helping you understand your coverage options and potentially unlock maximum value.
Veterans Benefits
VA Aid and Attendance may provide eligible veterans and their spouses with over $2,700 in tax-free benefits each month to help with qualifying care and living expenses. This benefit can be an important resource for veterans and families looking for additional support with senior living costs.
Tax Deductions
The IRS allows deductions on certain senior care expenses that exceed 7.5% of your adjusted gross income. Rules are complex, so we always recommend consulting your tax advisor. The savings can be significant.
Shared Housing
Sharing an apartment with a compatible roommate is a popular way to enjoy community life at a lower monthly cost. Our team carefully matches residents by personality, interests, and lifestyle.
Senior Living is An Investment in the Life You’ve Earned
Moving to a senior living community is a big step, and one of the first questions most families ask is how to pay for it. The good news: there are more options than most people realize. At Better Living, we help you and your family understand what’s available, what you qualify for, and what makes the most sense for your situation. Get started today!
Better Living Starts with Our Communities
At Better Living, we partner with senior living communities to create places that feel like home and operate with intention.
Grounded in compassionate leadership, we bring structure, heart, and hands-on support to every aspect of community life. Our focus is simple: to make aging not just manageable, but meaningful.
Better comfort. Better care. Better days.
This is senior living, only better.
Additional Financing and Assistance Programs
When personal resources alone don’t cover everything, or when funds are coming but not yet available, these programs can help bridge the gap.
Bridge Loans
Waiting on a home sale, VA approval, or an insurance payout doesn’t have to delay your move. ElderLife Bridge Loans are designed for exactly these waiting periods, with approval in under an hour and funding within 24 hours.
Home Equity Conversion Mortgage (HECM)
If one homeowner plans to remain in the house, a federally regulated reverse mortgage can turn home equity into monthly funding for care. A required counseling session helps you decide whether it’s the right fit.
Medicaid
Rules vary by state, and not every community accepts Medicaid. If you have coverage or think you may qualify, your state Medicaid office and our team can walk you through what’s possible.