7 Ways to Pay for Senior Care - The Lodge at Stephens Lake

7 Ways to Pay for Senior Care Medicare is one option to pay for your medical care . • Choosing long - term care insurance can help to get the daily amount of assistance . A benefits are available for eligible United States military veterans for long - term care . ● Life insurance is a great way to pay for long - term care . ● 1. Traditional Approach • This approach is best for those seniors who are continuing to work and are able to pay for their housing with their own income . It also uses the saved money of the seniors to pay the senior care Here , seniors get the support of their loved ones to stay safe and healthy . 2. Medicare The Medicare option is best for those who need care over the age of 65 , care for all ages who are at end - stage renal disease and individuals with specific requirements under 65 . It only pays some percent of the cost . 3. Long - term care insurance ● It is an insurance policy that offers assistance with activities of daily living . Based on the health assessment of the seniors , they can get actual benefits . 4. Medicaid It is a state and federal - run program that determines your eligibility to receive senior care . This option covers long - term stays in senior communities and personal care , as well as home health care services . 5. VA benefits ● Veterans are eligible through standard medical benefits for respite care , a health evaluation , skilled home health care , and adult day health care . 6. Life insurance ● Seniors can access cash if they have cash value in their life insurance policy . ● It can be a life settlement option . 7. Working with real estate assets ● The real property value or home equity is one of the ways to use real estate assets . A reverse mortgage can be a great option to use real estate assets for paying senior care . You may contact The Lodge At Stephens Lake to get the best assistance for senior care based on your specific requirements . ( 706 ) 307-4330 https://thelodgeatstephenslake.com/ THE LODGE AT STEPHENS LAKE 7 Ways to Pay for Senior Care Medicare is one option to pay for your medical care . • Choosing long - term care insurance can help to get the daily amount of assistance . A benefits are available for eligible United States military veterans for long - term care . ● Life insurance is a great way to pay for long - term care . ● 1. Traditional Approach • This approach is best for those seniors who are continuing to work and are able to pay for their housing with their own income . It also uses the saved money of the seniors to pay the senior care Here , seniors get the support of their loved ones to stay safe and healthy . 2. Medicare The Medicare option is best for those who need care over the age of 65 , care for all ages who are at end - stage renal disease and individuals with specific requirements under 65 . It only pays some percent of the cost . 3. Long - term care insurance ● It is an insurance policy that offers assistance with activities of daily living . Based on the health assessment of the seniors , they can get actual benefits . 4. Medicaid It is a state and federal - run program that determines your eligibility to receive senior care . This option covers long - term stays in senior communities and personal care , as well as home health care services . 5. VA benefits ● Veterans are eligible through standard medical benefits for respite care , a health evaluation , skilled home health care , and adult day health care . 6. Life insurance ● Seniors can access cash if they have cash value in their life insurance policy . ● It can be a life settlement option . 7. Working with real estate assets ● The real property value or home equity is one of the ways to use real estate assets . A reverse mortgage can be a great option to use real estate assets for paying senior care . You may contact The Lodge At Stephens Lake to get the best assistance for senior care based on your specific requirements . ( 706 ) 307-4330 https://thelodgeatstephenslake.com/ THE LODGE AT STEPHENS LAKE