PAID ADVERTISEMENT Planning for Your Future How much does senior living cost and how do people pay for it? You're the kind of person who plans ahead. You chose a home that fit in your budget and helped the kids pay for college. Now is the time to start preparing for your future by choosing a senior living community. But how much will it cost? Many families sell the home and use part of the sale to pay for senior living. Often when comparing taxes, insurance, and upkeep of a home to the cost of living in a community, the financial benefits are equal or greater than what you would expect. Finally, if you served in the military during wartime or had a spouse who served, you may be eligible for senior living benefits: *** Veterans Aid & Attendance $1.912/mo Surviving Spouse. $1.229/mo" .$2,266/mo" Veteran The cost for senior living Couple depends on the size suite you select as well as the amount of "Depending on the level of care needed. *** support you require. On average, This benefit combined with this works out to be between social security payments and savings often covers the cost of senior living. $3,500 - $5.000 per month. Families pay for senior living in a variety of ways. If you have invested in Long Term Care insurance, this is the time to reach out to your insurance provider and ask about qualifying But just like college planning, it for benefits. You will likely qualify is worth the time and effort to should you need assistance with choose the right fit and craft a two activities of daily living. This plan that makes sense for you. would include bathing, dressing. getting in and out of bed, and other personal care assistance. Ultimately, the formula of how senior living is paid works out to be different for every family. Call us for a FREE cost comparison tool and guidance on your options. COMMONWEALTH SENIOR LIVING Welcome Home Independent Living. Assisted Living and Memory Care 7657 Meredith Dr., Gloucester | 804-210-7101 1030 Topping Ln., Hampton | 757-300-o269 236 Commons Way, Williamsburg | 757-703-3325 www.CommonwealthSL.com PAID ADVERTISEMENT Planning for Your Future How much does senior living cost and how do people pay for it? You're the kind of person who plans ahead. You chose a home that fit in your budget and helped the kids pay for college. Now is the time to start preparing for your future by choosing a senior living community. But how much will it cost? Many families sell the home and use part of the sale to pay for senior living. Often when comparing taxes, insurance, and upkeep of a home to the cost of living in a community, the financial benefits are equal or greater than what you would expect. Finally, if you served in the military during wartime or had a spouse who served, you may be eligible for senior living benefits: *** Veterans Aid & Attendance $1.912/mo Surviving Spouse. $1.229/mo" .$2,266/mo" Veteran The cost for senior living Couple depends on the size suite you select as well as the amount of "Depending on the level of care needed. *** support you require. On average, This benefit combined with this works out to be between social security payments and savings often covers the cost of senior living. $3,500 - $5.000 per month. Families pay for senior living in a variety of ways. If you have invested in Long Term Care insurance, this is the time to reach out to your insurance provider and ask about qualifying But just like college planning, it for benefits. You will likely qualify is worth the time and effort to should you need assistance with choose the right fit and craft a two activities of daily living. This plan that makes sense for you. would include bathing, dressing. getting in and out of bed, and other personal care assistance. Ultimately, the formula of how senior living is paid works out to be different for every family. Call us for a FREE cost comparison tool and guidance on your options. COMMONWEALTH SENIOR LIVING Welcome Home Independent Living. Assisted Living and Memory Care 7657 Meredith Dr., Gloucester | 804-210-7101 1030 Topping Ln., Hampton | 757-300-o269 236 Commons Way, Williamsburg | 757-703-3325 www.CommonwealthSL.com