Family Resources

Payment Options

One of the questions that is almost top-of-mind when choosing a quality senior assisted living community is: “How will I pay for it?”  Platinum is here to help you solve that puzzle.

There are traditional options offered by banks, insurance companies and the federal government, including:

  • Real Estate

    If your family members owns a home free and clear or possesses significant equity, you may wish to consider a home equity line of credit. You might also consider renting the house to generate cash flow rather than leaving it vacant.

  • Long-Term Insurance

    Long-term care insurance generally covers some or all of the costs associated with assisted living. Be sure to check your policy and speak with your agent to learn the extent and scope of your coverage.

  • Government

    Your loved one may be eligible for Medicare, Medicaid or state-run programs for skilled nursing care if he or she meets eligibility requirements.

  • Private Pay

    Health insurance plans marketed by the private health insurance industry.

How can we assist you?

Are you interested in Assisted Living, Memory Care or touring our community? Get in touch with us today!