Financial Options for Long-Term Care

When deciding which care is in your price range and how to pay for it, there are many options to consider. This page offers a few options that may help make paying for memory care easier. 

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Making sure a loved one gets the right long-term care is a task in and of itself, and navigating the funding options and different payment methods adds additional levels of complexity to an already-arduous process. 

Here are some common options to bring up with your financial professional when budgeting for the cost of memory care and home care:

  • Long-term care insurance
  • Veteran’s benefits
  • Secured lines of credit
  • Reverse mortgage
  • Life Insurance
  • Gift Tax Exemption
  • Tax Deductions

 

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Related Links
Dementia Resources  

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