Treating people like family is at the heart of what we do. We’re here to offer as much help as you need. Schedule a Visit
At CountryHouse, we strive to make specialized assisted living for memory care accessible to all who need it — to those who are struggling with Alzheimer’s and dementia, and for those who care for them. We understand that everyone has different financial needs, and are prepared to give you a number of different financing alternatives. Please contact a CountryHouse Director or Advisor to learn more.
The following options could help reduce or pay for some portion of your assisted living expenses
Long-term care insurance provides funds for long-term care when other insurance does not provide coverage or is not available. Eligibility and premiums are generally based on the age and health of the insured.
Often, programs that sell or convert life insurance policies, such as Life Care Funding, can be applied to assisted living costs, and defray some of the month-to-month expenses of memory care.
Individuals and families pay for assisted living in different ways, including with financial resources that generate income in any form—such as savings, capital gains, and dividends.
Personal loans may be used as a line of credit and drawn upon to fund move-in deposits, community fees, or monthly fees.
It is not uncommon for residents to use real estate as a source of funding, either through the sale of a home or through a home equity line of credit.
Seniors or their adult children may be eligible to deduct all or part of their assisted living costs as a medical expense on their federal income taxes. Please consult your personal tax advisor to learn more about this option.
This program can help defray the cost of assisted living, in-home health care, or other non-reimbursed medical care for those who served during wartime – and for their surviving spouses and dependents. Eligibility requirements are related to past military service and the level of care required.
A final option is choosing to share an apartment with another resident, which enables two people with common interests to enjoy the comforts of friendship while sharing the financial responsibility. Residents who live together receive all the benefits of our services and amenities, with significantly lower housing expenses.