What financial options are available to make senior care more affordable?
Many state and federal programs offer financial assistance for certain senior living expenses. For instance, in the U.S. there is a Federal benefit, called “Aid and Attendance,” which both veterans and their spouses may be eligible to receive financial assistance with assisted living fees. Some Long-Term Insurance Policies may also cover part or all of the costs for assisted living care. We encourage you to speak with your financial advisor to learn more about options to help afford senior living.