For many, finding the right place for an aging family member to live is the single-most important aspect of choosing a senior living or care community, but especially in this economy, that’s followed closely by figuring out how they will pay for that care. Life Care Funding Group and LivingSenior have launched a strategic partnership to address both of these needs, with a goal of providing education and access to seniors and their families about where to go, and tools to help pay for the costs.
LivingSenior’s database of independent and assisted living communities, nursing homes, memory care, and home health providers is teaming up with Life Care Funding’s financial information and resources to help pay for these services for a “one-stop” solution, the companies say.
Life Care Funding helps educate families about private pay funding options and access to programs such as converting life insurance policies into long-term care “Assurance Benefit” plans, the Veteran’s Aide & Attendance Pension, and other financial solutions.
“We believe strongly it isn’t enough to just provide families with information about how to access senior living and long term care providers,” said Daniel Dormer, Co-Founder of LivingSenior. “But they also need to understand their options to pay for care– or else how will they be able to afford it?”
Written by Alyssa Gerace