Financial Resources

Making sure a loved one gets the right long-term care is a task in and of itself, and navigating the funding options adds additional levels of complexity to an already difficult process. At The Hampton & The Ashley Inn we work with financial experts to guide families through the process of exploring all financial options including long term care insurance and Veterans Programs. These are just a few items to consider when seeking the assistance of a financial adviser.

Financial Resources at The Hampton & The Ashley Inn
Financial assistance is available for long term senior care plans at The Hampton & The Ashley Inn

Long-Term Care Insurance:

This type of insurance provides varying levels of coverage for care that is typically not covered by other forms of insurance, such as memory care assisted living. Long-term care insurance is an anticipatory protection and will not apply for preexisting conditions.

Veteran’s Benefits:

The VA designed this program 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 provides benefits to both Veterans and their surviving spouses. This pension 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 least 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 Vancouver, WA
Life insurance resources at The Hampton & The Ashley Inn

Life Insurance:

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