Senior Living Resources

It is no surprise that families have a lot of questions when looking for a senior living community for a loved one. Our experienced team members are here to answer any questions you may have and to provide you with valuable information that will help you find the best senior living community for your loved one.
 
Many families are unsure where to start when it comes to looking for care for a loved one. The information provided on this page will help answer some of the most common questions people have about senior living. It won’t answer every question you have, but it is a great place to start.

What's the Best Senior Living Option for You?

No two senior living communities are the same. Each senior living community differs in size, layout, atmosphere, amenities offered, services provided, and even how care is administered. 

So, how do you know which type of senior living option is right for you or your loved one?
Watch the video below to gain a better understanding of the different senior living options that are available for consideration.

How Do You Pay For Your Loved One’s Senior Living:

Figuring out how to pay for senior living for a loved one is a huge concern for many families. Below are some of the popular ways families have paid for senior living.
The information listed below is intended to help guide you as you start looking for ways to pay for senior living.
 
It is important to remember that every family’s financial situation is different. The options listed below may not be right for your family.

Sale of a Home Or Obtain Equity Loan.

This is an extremely popular option for families who are looking to help a loved one transition to a senior living community. What makes this such a great financial option is that it provides the funding needed for senior living while also solving the problem of what to do with a home that is no longer needed or being used.

Reverse Mortgage/Home Equity.

This financial option allows your loved one to keep their home while at the same time receiving financial compensation that can be used to pay for the senior living community.

Utilization Of Investments.

Savings accounts, stocks, bonds, whole or universal life insurance, annuities, and long-term care insurance are just some examples of investments that can be used to pay for senior living. Unfortunately, there are a lot of complexities associated with this type of financial option. It is best to consult with a financial advisor or tax advisor to determine if this financial option is right for your family.

Retirement Plans.

Social security, 401ks, IRAs, and pensions are commonly used to pay for senior living. If your loved one is a veteran or a spouse of a veteran, VA benefits may be available to help pay for some of the cost of living at an assisted living facility..

Assistance From Others.

Contributions from family and friends, local community groups, and other organizations can help with the cost of senior living. Families often discover that when looking at the total cost of senior living and comparing it to the expenses of living at home (such as food, bills, mortgage, home health care, and maintenance services), it often makes more financial sense to transition to a senior living community.

How Much Does it Cost to Live at Tayler's Sanctuary?

There isn’t a one-size-fits-all answer to how much it will cost to make Tayler’s Sanctuary your loved one’s new home. This question is difficult to answer because the level of care varies from resident to resident. Such variance plays a huge role in the cost.
 
Our flexible finance packages are tailored to meet the unique needs of every resident who calls Tayler’s Sanctuary home. Feel free to contact us to learn more about our financing options or to ask any questions you may have about senior living in general.
 
We are here to help you every step of the way as you start on your journey to finding the right senior living community for your loved one.
We encourage families to begin today by having a loving and casual conversation with their loved one(s) who are currently being considered for an assisted living community. Here are a few talking points that many have found helpful when speaking with their loved ones:
  • How safe do you feel going about your day? Do you fear falling?
  • Does it concern you that if something happens and you need assistance it could take a while?
  • Do you get lonely and miss your friends? Would you like to see more of them?
  • Do you get frustrated trying to do the things you once did, such as cleaning, doing chores, or activities you once loved to do?
  • What about cooking and eating? Do you feel that your diet is healthy? Do you still enjoy cooking?
  • Do you miss going out, while with your friends, and the feeling of social gathering?