Oregon DHS Long Term Care Referral Services Certificate of Registration #1017
Right Fit Senior Living

Call 503-567-7268

Professional and Trusted Advisors for Seniors

Ultimate Assisted Living Facility Decision Guide – Part 3: Financing Retirement Living

As you can imagine, assistance from caregivers at home to living in assisted living, memory care or adult care homes can be expensive. There are several options to consider that will help pay for senior living

  • Private pay from savings, sale of house, 401K, Investment portfolios etc.
  • Medicaid / Medicaid Spend Down (Assisted Living, Memory Care or Adult Care Home only) for those with very limited assets
  • Veterans Aid & Attendance for Veterans and their spouse
  • Long Term Care Insurance: a financial product that helps cover the future cost of a variety of long term care services. The younger and healthier the purchaser, the lower the premiums will be.
  • Long-Term Care Benefit Plan: Conversion of an in-force life insurance policy into an irrevocable FDIC-insured Benefit Account to fund long term care benefit plan
  • Life or Viatical Settlements: Sale of existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit
  • Senior Care Bridge Loans: Unsecured loan with up to six cosigners permitted instead of collateral. Maximum term of loan is three years. After three years the loan must be repaid including all interest and fees.
  • Immediate Annuities: A Contract with an insurance company under which consumers pay a certain amount of money to the company and the company sends the consumers a monthly check for the rest of their lives.

We recommend that you meet with a financial planner, elder law attorney and/or insurance agent to learn more about these funding options. It’s never too soon to start planning your future and knowing funding options now can prevent more stress should a health crisis arise.

Affiliations & Certifications
Right Fit Senior Living Solutions is a member in good standing with the Beaverton Area Chamber of Commerce, the Hillsboro Chamber of Commerce, the Forest Grove Chamber of Commerce, the Tualatin Chamber of Commerce, Westside Referral Network, Senior Provider Information Network, Metropolitan Senior Network, and Oregon Senior Referral Agency Association where Liz is the President. We are proud that Right Fit Senior Living Solutions has become a Platinum Certified SAGE Care Provider specializing in helping LGBT seniors.