Financial Resources

Making sure a loved one gets the right long-term care can be daunting, and navigating the funding options adds complexity to an already difficult process. At Rock Creek, we work with financial experts to guide families through the process of exploring all financial options, including long-term care, life insurance, and veterans programs; all of which are important to examine if you choose to speak with a financial adviser.

Financial Resources at Rock Creek Memory Care Community
Financial assistance is available for long term senior care plans at Rock Creek Memory Care Community

Long-Term Care Insurance

Long-term care insurance provides varying levels of coverage for care that is typically not covered by other forms of insurance, such as Memory Care and Assisted Living. Long-term care insurance is an anticipatory protection and will not apply for preexisting conditions.

Veteran’s Benefits

The VA Pension Plan was designed to help Veterans and their surviving spouses receive the financial support necessary to ensure their continuing care in a memory care setting. The VA Pension Plan, when combined with the additional benefit of Aid and Attendance can provide up to $1,788.00 for a veteran, $1,149.00 per month to a surviving spouse, or $2,837.00 per month to a couple.

Eligibility Requirements:

  • Veteran must have served at last 90 days of active duty, with at least one day served during a time of war.
  • Veteran must show limited net worth. (Assets do not include your personal residence, car).
  • Financial need – in general, there must be less income yearly than the cost of care provided.

Services included but not limited to the following:

  • Memory Care
  • Assisted Living services
  • Medication management
  • Bathing, Dressing, and Personal Care
  • Mobility support
  • Meal Preparation
  • Housekeeping
  • Transportation
Senior living resources for veterans in Surprise, AZ
Life insurance resources at Rock Creek Memory Care Community

Life Insurance

Some forms of life insurance can be used to fund the costs of assisted living and other care services.