Are You Worried About the Cost of Memory Care in Arvada, Colorado?

Caring for a parent or loved one with Alzheimer's disease can be challenging, time-consuming, and cause financial stress. At MorningStar in Arvada, Colorado, we understand the importance of providing high-quality memory care to our residents, and we work with families to make sure they have the resources they need to pay for care. If you are considering memory care for your parents but are unsure how to cover the costs, we encourage you to explore the payment options we offer here at MorningStar and how they can help you pay for the care for your loved one’s memory care needs.

When it comes to paying for assisted living, financial resources are available beyond retirement savings and investments. If your loved one owns a home, has veteran benefits, or has a life insurance policy, these are some of the ways in which payment for memory care can be possible outside private pay options. 

The equity built up in a private home is typically a retiree’s largest asset, making the proceeds from selling extremely helpful when transitioning to a senior community. However, selling a home in a timely manner can be challenging and time-consuming. This is especially true when adult children are not living near to assist. Many families find it helpful to work with a Real Estate Professional experienced with all aspects of selling a senior’s home. From packing and cleaning to listing and selling, ElderLife’s agents are ready to assist with the entire process to simplify a senior transition. To be connected with a local agent, contact us today. 

Whole life and universal life policies build a reserve of cash through interest-earning excess premiums. In some situations, life insurance can be a source of ready funds through cash surrender, death benefit loans, accelerating death benefits, life (or viatical) settlements, or even selling the policy on the open market for immediate cash. Before acting on any of these methods, consult a financial advisor, as there may be tax consequences. Life Care Funding can also help you determine whether a policy can be converted. 

Contact us today if you want to know more about the built-in companionship, predictable budgeting, and memory care Arvada Co has seen. MorningStar Senior Living Retirement Homes in Arvada Colorado takes care of the worry and stress of aging, allowing you more time to do the things you love. Whether it’s fulfilling a calling, finding a new opportunity through volunteerism, or spending time with friends and loved ones and relaxing, contact us to schedule a tour of our memory care community near you.

 

To learn more about MorningStar’s payment options and Memory Care in Arvada, contact our staff who are happy to answer any questions you have. Our website also provides information on our company’s history and vision, as well as what sets us apart from other retirement facilities in Iowa. We encourage you to see for yourself our exceptional offering for independent and assisted living in Arvada, Colorado.