Medicare and Assisted Living

Most seniors will require some type of long-term assisted living as they get older. Assisted living benefits seniors who need extra help completing tasks, chores, and errands for themselves. Having a full-time caretaker may only be possible for some. This is why assisted living communities provide 24/7 care for seniors needing medication management, health monitoring, and daily check-ins. 

The downside is that Medicare does not usually cover assisted living communities and their costs. However, other financial options may benefit families looking for assisted living options. 

Long Term Care Insurance

Long-term care insurance helps pay for senior care and protect personal assets by covering expenses up to the amounts outlined in the policy. Long term care insurance pays for various services in senior communities and can offer care options that may not be covered through Medicare and Medicaid. A long term care insurance policy also helps with the costs of care for seniors with a chronic medical condition or disability. 

Selling a Home

The equity built up in a private home is typically a retiree’s most significant asset, making the proceeds from selling extremely helpful when transitioning to a senior community. However, selling a home quickly can be challenging and time-consuming. This is especially true when adult children are not living nearby to assist.

Financial Services

There are still options for senior care without using Medicare. Financial resources are available beyond retirement savings and investments when paying for assisted living. To help you explore options, MorningStar has partnered with Elderlife Financial Services, whose agents offer education on the financial resources potentially open to you in paying for independent living, assisted living, or memory care. 

Contact Us Today

Do you love the sound of built-in companionship, predictable budgeting, and the security of residing in an independent living community? MorningStar Senior Living retirement homes in Beaverton, OR, take 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 community near you. 

To learn more about MorningStar’s social activities and retirement communities in Beaverton, contact our staff, who are happy to answer any questions. Our website also provides information on our company’s history and vision and what sets us apart from other retirement facilities in Iowa. We encourage you to see our exceptional independent and assisted living offering in Beaverton, Oregon.