Consumer Reports introduced the top 11 ways to afford assisted living. Click the link below to read more about each strategy.
1. Leverage a life insurance policy.
2. Determine whether you’re eligible for veterans benefits.
3. Take out a home loan.
4. Set up a reverse mortgage.
5. Choose an assisted living situation with a flexible pricing structure.
6. Look for the open beds.
7. Choose a not-for-profit.
8. Opt for lower-cost rooms.
9. Discount the glitz.
10. Plan for possible coverage gaps.
11. You can write off the cost of care.
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