Retirement Homes in Portland: Cost and Affordability
Like anything, we need to weigh the pros and cons of making big-cost purchases. Senior living, retirement homes, and assisted living can often be financially concerning for families. Seniors and their families want to be aware of the costs associated with senior living in communities, including any monthly fees, additional services or costs, and any potential cost increases in the future.All-inclusive senior living is one of the best financial choices for retirement home options in Portland. When it comes to paying for assisted living care or a senior retirement home, there are financial resources available beyond retirement savings and investments. Explore some of the financial options and affordability for seniors looking for retirement homes in Portland.
Affordable Senior Living Options in Portland Through Elderlife Financial Services
To help you explore options, MorningStar has partnered with Elderlife Financial Services whose agents are here to offer education on the financial resources potentially open to you in paying for independent living, assisted living, or memory care. MorningStar can provide more information and support in any of the following situations:
Veteran Benefits. Veteran Benefits, such as “Aid & Attendance” is a tax-free pension paid directly to the qualified veteran or spouse and can cover some costs for Assisted Living. The monthly benefits are subject to change annually, so check in with your retirement community to get the proper estimate.
Selling a Private Home. The equity built up in a private home is typically a retiree’s largest asset, making the proceeds from selling extremely helpful when transitioning to a senior community. This sale can potentially pay for most, if not all, senior care upfront.
Long Term Care Insurance: Long-term care insurance helps pay for senior care and protect personal assets by covering expenses up to the amounts set forth in the policy. LTC insurance pays for a variety of services in senior communities and can offer care options that may not be covered through the federal subsidies of Medicare and Medicaid.
Find the Best Retirement Homes Portland, Oregon, Has to Offer
We have an unmatched commitment to the well-being of our assisted living residents at MorningStar at Laurelhurst. We offer round-the-clock support for their activities of daily living (ADLs), empowering them to maintain their independence. With compassion, our care managers provide medication management and access to licensed nurses. Our retirement communities are thoughtfully crafted with luxury amenities, hospitality services, and wellness programs that nurture new interests, hobbies, and individual needs.
Contact us today at (971) 544-8100 To learn more about MorningStar at Laurelhurst and the outstanding care practices within our senior living and memory care communities. Our staff is happy to answer any questions you have. Our website also provides information on our company’s history, vision, mission, and what sets us apart from other retirement homes in Portland, Oregon.