Financial Planning for Senior Care
Helping You Navigate the Process with Confidence
Planning for senior living involves more than choosing the right community – it also means finding a path that makes financial sense for you and your family. Bluegrass Senior Living is here to support you.
From understanding the true cost of care to exploring funding options, our knowledgeable team can guide you through the financial planning process. We’ll answer your questions, explain your choices, and help create a plan that works for your needs and goals.
Understanding the Cost of Senior Living
Our community offers an all-inclusive approach to assisted living and memory care, with monthly rates starting at $3,210. This rate covers everything you or your loved one needs to feel comfortable and supported – including meals, utilities, housekeeping, a full calendar of activities, scheduled transportation, and personal care services. With one predictable monthly fee, you can enjoy greater peace of mind and eliminate the guesswork of unexpected expenses.
When weighing the cost of moving to Bluegrass against remaining at home, it’s important to consider the hidden and ongoing expenses of homeownership – like maintenance, groceries, utilities, and potential in-home care. Many families are pleasantly surprised to discover that senior living can be not only more manageable but also more affordable than they initially expected.
Financial Options
Private Pay
Most residents pay for senior living privately, using a combination of income, savings, investments, or proceeds from the sale of a home. This option offers the most flexibility, allowing residents to choose the level of care and lifestyle that best meets their needs. Our team can help you review your monthly costs and determine how private funds may be used efficiently to support long-term needs.
We’re also happy to connect you with financial advisors or eldercare specialists if you’d like additional help with budgeting, asset planning, or long-term financial strategy.
VA Aid and Attendance Program
If you or your loved one is a veteran – or the surviving spouse of a veteran – you may be eligible for the VA Aid and Attendance benefit, a monthly payment added to your VA pension that can help offset the cost of assisted living or memory care.
To qualify, you must meet certain service, medical, and financial requirements. The benefit can significantly reduce out-of-pocket costs for eligible individuals.
Our team is experienced in helping families navigate the application process and can connect you with trusted VA-accredited representatives to assist with claims and paperwork.
Long-Term Care Insurance
If you have a long-term care insurance policy, it may cover some or all of your assisted living or memory care expenses. These policies vary widely in what they cover, how much they pay, and how benefits are triggered – often based on the level of assistance needed with activities of daily living (such as bathing, dressing, or medication management).
We’ll work with you to review your policy and help coordinate benefits with your insurance provider. Our aim is to ensure you receive the full value of your plan and experience a smooth transition into care.
A Partner in Your Planning Journey
Financial planning should feel approachable – not overwhelming. We provide clear, honest information and customized support to help you make confident decisions about your future.
Whether you’re planning ahead or ready to move into Bluegrass Senior Living soon, our team is here to help you explore your options and take the next step with peace of mind.
Contact us today to speak to one of our financial planning specialists. We’re ready to help you start this exciting next chapter.