A new company, Elderlife Financial Services, is now offering bridge loans to families to help pay the cost of long-term care. This can be a great solution to families who need to pay for nursing home care, but have most of their assets tied up in real estate that won’t sell. Read more about these loans here.
Wiggen Law Group will be hosting a joint presentation with Always Best Care next Thursday, August 26th at 11:00am at the Durham Center for Senior Life.
Stephanie Gregory from Always Best Care will discuss the different types of long-term care available to seniors, such as in-home care, independent living, assisted living and nursing home care.
Dori Wiggen from Wiggen Law Group will follow this discussion with information about benefits available to seniors to help pay for long-term care, such as medicaid, special assistance and a special benefit offered to veterans or their widows called aid and attendance. Contact the Durham Center for Senior Life today to sign up to attend this FREE presentation.
This NY Times article has great tips on finding the right care for aging loved ones and how to pay for this care. One note, the article says that Medicaid will not pay for assisted living. However, North Carolina has a program called Special Assistance that can provide assistance to eligible individuals. To find out if you or a loved one is eligible for assistance with the cost of long-term care, you should speak with an elder law attorney. At Wiggen Law Group, we can assist you in planning for the cost of long-term care.