Affordability & Rates

Monthly Rates

The monthly rates are based on the apartment style selected and the assessment. Please call for apartment rates and to schedule an assessment.

At Age Well, we are committed to help make assisted living affordable to those that choose to live in one of our communities. There are a variety of options available to help offset the out-of-pocket expense of living in an assisted living community.

Life Insurance Policies: Accelerated Death Benefit-An Accelerated Death Benefit (ADB) is a benefit that can be added to your life insurance policy. It can provide cash advances against your death benefit while you are still alive. You can use this benefit if you have a terminal illness or need permanent care in an assisted living, memory care or skilled nursing community. There might be spending limits (caps) on ADB policies.

Life Settlement-A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit..

Long-Term Care Insurance-This type of private insurance policy can help pay for many types of long-term care, including both skilled and non-skilled care. Long-term care insurance coverage can vary widely. Some may include coverage for a whole range of services like assisted living and medical equipment. Eligibility and premiums are generally based on the age and health of the insured.

Tax deductions- Under the Health Insurance Portability and Accountability Act of 1996 (HIPPA) there are multiple tax credits and deductions available to seniors, the elderly and their families and caregivers. Most costs associated with medical care, assisted living prescription drugs and medical equipment and supplies are deductible through various state and federal tax credits or deductions. Speak to your tax advisor for more information

Veterans Aid and Attendance Pension- the Department of Veterans Affairs provides the Aid and Attendance pension to eligible wartime veterans and their surviving spouses. The benefit ranges from $1,094 to $2,019 per month. Find out more at www.vba.va.gov

  • *All content contained within this document is provided for general information only and should not be treated as a substitute for advice and information from a financial or tax advisor