At Angelhaus we welcome a variety of financial options for those considering a residence in our facilities. We accept long term care insurance, veteran benefits and other funding solutions, and will assist you with information and benefit processing. Unfortunately, we do not accept Medicaid, but please read below for more options.
Here are some of the options to consider. We encourage families to review all options, and to let us know how we can assist you in the process. Angelhaus receives no compensations from the companies mentioned below nor endorses their services. We are just helping you to explore these and all other options to help families finance the costs associated with senior living.
Long Term Care Insurance
We accept long term care benefits paid by most insurance policies. We work with families, insurance companies, and agents to make sure benefits are reimbursed in a timely manner.
VAAID and Attendance Pension Benefits
Veterans Administration benefit will pay as much as $2000 a month for senior living for foreign war combat veterans and spouses. Please also contact Elder Resource Benefits Consulting which can help complete the paperwork and improve your chances of being approved (www.elderbenefitsconsulting.com).
To learn more visit www.veteransaid.org
Life Insurance Settlement Program
Life Care Funding Group will facilitate the conversion of an existing life insurance policy in as little as 30-90 days for a lump sum payment that is much higher than the cash surrender value. The funds would then be available to pay for long term care expenses at the facility of his or her choice. To be eligible, policy holders you must be a certain age and have a specified combined death benefit value. Once converted, the policy owner would no longer be responsible for paying premiums toward the policy. To learn more about life settlements as a source of funds for seniors, visit www.lifecarefunding.com
Bridge Loan Program
Elderlife Financial Services offers a loan that is structured as a line of credit, with the funds being available in as few as 24 hours. The funds may be used to pay for rent while waiting for a home to sell, while waiting to settle a life insurance policy, while waiting for a long term care benefit to be paid, or the VA Benefit to arrive. The loan may also serve to finance move-in fees or to supplement living costs. For more information visit www.elderlifefinancial.com
Elegant, yet affordable
We are here to answer any questions regarding
finantial options to obtain the funds needed for your loved ones stay.