PAID ADVERTISEMENT Planning for the Future How much does senior living cost and how do people pay for it? You always made sure your loved ones had the very best and knew that you were there to support them, Now is the time to reassure them that you have prepared for your next step by choosing a senior living community. But how much should this cost? likely qualify should you need assistance with two activities of daily living. This would include bathing, dressing, getting in and out of bed, and other personal care assistance. *** Veterans Aid & Attendance $1.912/mo Veteran. Surviving Spouse. $1.229/mo $2.266/mo Couple. "Depending on the level of care needed. 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. *** The cost for senior living depends on the size suite you select as well as the amount of support you require. On average, this works out to be between $3,500-$5,000 per This benefit combined with social security payments and savings often covers the cost of senior living. You started your children's college fund when they began kindergarten. You never missed a single Little League game. You walked your daughter Ultimately, the formula of how senior living is paid works out to be different for every family. But just like college planning. it is worth the time and effort to choose the right fit and craft a plan that makes sense for you. month. Finally, if you served in the military during wartime or had a spouse who served, you may be eligible for senior living down the aisle and danced at 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 for benefits. You will her reception. You may not dance as often as you once did, but you're still the type of person who believes in doing the right thing. That means having your affairs in order. benefits as outlined in the following chart. COMMONWEALTH Call us for a FREE cost comparison tool and guidance on your options SENIOR LIVING Welcome Home Leigh Hall 890 Poplar Hall Dr. Norfolk, VA Georgian Manor 651 River Walk Pkwy. Chesapeake, VA Churchland House The Ballentine Kings Grant House 440 N Lynnhaven Rd. Virginia Beach, VA 757-300-1264 7211 Granby St. Norfolk, VA 4916 W Norfolk Rd. Portsmouth, VA 757-300-1367 757-239-2646 757-379-8940 757-500-5235 Independent Living Plus | Assisted Living | Memory Care | www.CommonwealthSL.com PAID ADVERTISEMENT Planning for the Future How much does senior living cost and how do people pay for it? You always made sure your loved ones had the very best and knew that you were there to support them, Now is the time to reassure them that you have prepared for your next step by choosing a senior living community. But how much should this cost? likely qualify should you need assistance with two activities of daily living. This would include bathing, dressing, getting in and out of bed, and other personal care assistance. *** Veterans Aid & Attendance $1.912/mo Veteran. Surviving Spouse. $1.229/mo $2.266/mo Couple. "Depending on the level of care needed. 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. *** The cost for senior living depends on the size suite you select as well as the amount of support you require. On average, this works out to be between $3,500-$5,000 per This benefit combined with social security payments and savings often covers the cost of senior living. You started your children's college fund when they began kindergarten. You never missed a single Little League game. You walked your daughter Ultimately, the formula of how senior living is paid works out to be different for every family. But just like college planning. it is worth the time and effort to choose the right fit and craft a plan that makes sense for you. month. Finally, if you served in the military during wartime or had a spouse who served, you may be eligible for senior living down the aisle and danced at 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 for benefits. You will her reception. You may not dance as often as you once did, but you're still the type of person who believes in doing the right thing. That means having your affairs in order. benefits as outlined in the following chart. COMMONWEALTH Call us for a FREE cost comparison tool and guidance on your options SENIOR LIVING Welcome Home Leigh Hall 890 Poplar Hall Dr. Norfolk, VA Georgian Manor 651 River Walk Pkwy. Chesapeake, VA Churchland House The Ballentine Kings Grant House 440 N Lynnhaven Rd. Virginia Beach, VA 757-300-1264 7211 Granby St. Norfolk, VA 4916 W Norfolk Rd. Portsmouth, VA 757-300-1367 757-239-2646 757-379-8940 757-500-5235 Independent Living Plus | Assisted Living | Memory Care | www.CommonwealthSL.com