Financial Options and Planning
Financial Planning Support
To help seniors and family members navigate through the many options available for financing assisted living, Sunrise is pleased to partner with Elderlife Financial Services.
Elderlife provides seniors and their loved ones with financial information, guidance, and services that simplify the transition to senior living. With a single phone call, your loved one can get a complete solution tailored to their unique needs and resources.
This includes help with real estate, veterans benefits, insurance policies, and a short-term bridge loan if they need to move quickly.
- Residents/families may be able to deduct the cost of room and care
- Resulting after-tax cost of senior living can represent a significant savings
Call 866-506-4244 or visit the Elderlife Financial Services website to learn more.
An Elderlife Financial Concierge will help you design a personalized financial plan so your family can start enjoying the assisted living care, services, and peace of mind you deserve.
The U.S. Department of Veterans Affairs outlines the benefits available to our senior veterans. War veterans and their spouses may be eligible to receive nearly $2,000 per month to help defray the cost of assisted living or other non-reimbursed medical care through the Aid and Attendance program.
The Internal Revenue Service (IRS) offers tax deductions on some costs related to senior care for both the resident and their family caregiver. Sunrise does not provide tax advice, but we suggest reaching out to your tax adviser or accountant for guidance on assisted living financing, as the after-tax cost of senior living can represent a significant savings. Tax deductions may apply to suite and care costs.
A companion living shared suite offers all the features and benefits of senior living homes at a more affordable rate. Companion residents enjoy great meals, engaging activities, transportation, and, most importantly, experienced team members dedicated to compassionate care.
Sunrise companion living residents are matched through a common background or interest that can serve as a foundation for a friendship. Companion living eases the transition to the community through the guidance of a roommate who can help with feelings of isolation and depression and can help build confidence and self-worth through a meaningful relationship.
The Value of Sunrise
We don't just treat our residents and their loved ones like family—they are our family. Focusing on each resident’s personal needs and preferences, we provide holistic, dependable, and individualized care that helps them live with purpose. And we do it all with compassion, kindness, and above all else, love.
- Rich connections: Our dedicated team members, residents, and their families create a unique, neighborly community.
- Personalized care: Each resident receives an individual Service Plan tailored to fit their personal goals, needs, and preferences.
- A place to call home: We offer a variety of suite options and residents are welcome to decorate to their personal tastes
- The lifestyle you deserve: Residents have access to the events and programming that help them lead the active and fulfilling lives they want and deserve.
- Incredible dining: Enjoy restaurant-style, freshly prepared meals each day made by our in-house chefs.
Is it time for senior living?To help make a choice about senior living, it can be very useful to pay attention to certain signs that can assist in making the decision.
Having important conversationsIt can be challenging to discuss senior living with a loved one, but these tips may help make your conversations more productive.
Preparing for a moveThere are many things to consider as you plan a move into senior living. We have a few helpful tips to consider as you prepare.
All content contained within this page is provided for general information only, and should not be treated as a substitute for advice and information from a personal financial or tax advisor. Sunrise is not a provider of any of these financial products or of any financial and tax advice, and does not endorse or take responsibility for the accuracy of the information contained on the websites above or receive incentive compensation from the companies and products listed here. Individuals should consult with their personal financial or tax advisor for advice about what financial options are best for them.