5 Best Options To Pay For Assisted Living in Michigan

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5 Best Options To Pay For Assisted Living in
Michigan
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• There is certainly no shortage of assisted
  living communities throughout the state of
  Michigan. The average cost for Michigan assisted
  living is 3,825 and the number of assisted
  living partner properties are around 452.Michigan
  received an outstanding rating for
  the accessibility and openness of public records
  regarding senior living communities, The state
  was ranked 6 on assisted living records and
  reports transparency. Anyone can easily view the
  assisted living records in Michigan via an online
  search form.
• Michigan does not require every assisted
  living home to be licensed. Michigan law
  basically requires a license for senior living
  homes which provide services such as supervision
  for 24 hours a day for more than 5 days a week,
  meals and proper personal care. 
• Furthermore, assisted living communities that
  offer two of the services and get help from a
  third party service provider to provide the third
  service are not required to have a license to
  operate in Michigan. If you are looking at
  options and are confused about the cost
  structure, we have listed some financial
  resources which you can use to pay for assisted
  living in Michigan 

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Long-Term Care Insurance 

• A majority of the long-term care insurance
  policies has a provision for assisted living
  care. It would be a good idea to check
  your senior loved ones insurance policy to see
  if they can make the most of this coverage. 

• MI choices
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The Michigan Medicaid waiver program provides
assistance to seniors who are looking for a
supreme level of care and possess limited set of
financial resources to pay for such care. 
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Aid and Attendance Benefit

• This benefit is through the Veterans
  Administration. If your loved one is the
  surviving spouse of a veteran or was a veteran
  they may leverage this financial assistance. 

• Private Funds

If its an option, one can always use familys
private assets, investments and funds. 
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Short-Term Loans

• There are some banks that provide
  a bridge-style home equity loan that gives
  short-term funding while family trying to
  liquidate some of the assets to pay for the
  senior care. 
• We are hopeful that these ideas will help you
  put together a superb financial plan for your
  senior loved ones care. We also strongly
  recommend families to take a tour of the assisted
  living community to ensure that you end up
  selecting the ideal assisted living community
  that meets the requirements and personal
  preferences of your senior loved one. 

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THANK YOU

• Stonecrest of Rochester
  Hills
• 1775 S Rochester
  Road
• Rochester Hills, MI
  48307
• Phone [phone]
• Fax (248)
  266-7681
• http//www.stonecrestofrochesterhill
  s.com/
• Kbrent_at_stonecrestseniorliving.
  com