Financial & Support Resources
Financial Resources
One of the biggest questions families have when exploring senior living or care options is simple:
How are we going to pay for it?
Understanding the cost of care and the financial resources available can feel overwhelming. The good news is there are often more options than people realize. Our role at Senior Living Locator is to help you understand what resources may be available and how they can be used to create a plan that works both now and in the future.
Cost of Care Planning Tools
Before making any decisions, it helps to understand the true cost of care at home compared to moving into a community.
Many families are surprised to learn that staying at home with increasing support can sometimes cost the same or even more than moving into a senior living community.
Use these tools to help evaluate your situation.
Budget Worksheet
A simple worksheet to help families calculate the current monthly cost of living at home including mortgage or rent, utilities, food, home maintenance, transportation, and in-home care services.
Cost of Care Comparison
Compare the cost of remaining at home with support services versus moving into an assisted living community, memory care, or adult family home.
Financial Longevity Calculator
Estimate how long savings, retirement income, and other assets may last based on different care options.
If you would like help walking through these numbers, we are happy to do that with you during a consultation.
Benefits & Insurance Options
VA Benefits
Veterans and their spouses may qualify for financial assistance through the Department of Veterans Affairs to help cover the cost of long term care, assisted living, or in home care.
Learn more: www.dva.wa.gov/county-information/clark-county-information
Medicaid
Medicaid programs may help cover long term care costs for individuals who meet certain medical and financial eligibility requirements.
Learn how to apply in Washington State.
Long Term Care Insurance
Long term care insurance is a policy that must have been purchased in advance and can help pay for services related to long term care.
These policies typically help cover care that is not paid for by health insurance, Medicare, or Medicaid.
Individuals generally qualify for benefits when they need assistance with two or more activities of daily living such as bathing, dressing, eating, toileting, transferring, or mobility.
If you have a long term care policy, we can help you understand how to use it and what types of communities accept it.
Support Groups & Community Resources
Navigating aging, caregiving, and dementia can be challenging. There are several incredible organizations in Southwest Washington that provide support, education, and resources for seniors and their families.
Hope Dementia Support Groups
Provides education, support, and community for individuals and families impacted by dementia.
A Caring Closet
A local nonprofit that provides gently used medical equipment to the community at no cost.
Meals on Wheels People
Delivers nutritious meals and provides community connections for seniors who are homebound.
Area Agency on Aging and Disabilities of Southwest Washington
Offers programs, services, and resources for older adults and caregivers.
Alzheimer’s Association
Provides education, support groups, a 24/7 helpline, and resources for individuals living with Alzheimer’s and dementia.
Not sure where to start?
Understanding care options, costs, and available resources can be overwhelming. Senior Living Locator provides personalized guidance at no cost to you.