{"id":107,"date":"2024-07-11T18:48:35","date_gmt":"2024-07-11T18:48:35","guid":{"rendered":"https:\/\/www.asccare.com\/?page_id=107"},"modified":"2024-11-19T13:51:50","modified_gmt":"2024-11-19T18:51:50","slug":"evaluating-your-independent-living-options","status":"publish","type":"page","link":"https:\/\/www.asccare.com\/evaluating-your-independent-living-options\/","title":{"rendered":"Evaluating your Independent Living Options"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"107\" class=\"elementor elementor-107\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-52c75bb e-con-full e-flex e-con e-parent\" data-id=\"52c75bb\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-0245a56 e-con-full e-flex e-con e-child\" data-id=\"0245a56\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d39ce50 elementor-widget elementor-widget-heading\" data-id=\"d39ce50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Evaluating Your Independent Living Options<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cba61e3 elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"cba61e3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-71de48e e-flex e-con-boxed e-con e-parent\" data-id=\"71de48e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-35469e0 e-con-full e-flex e-con e-child\" data-id=\"35469e0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-343d74e elementor-widget elementor-widget-text-editor\" data-id=\"343d74e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p id=\"E1035\" class=\"x-scope qowt-word-para-1\"><span id=\"E1036\" class=\"qowt-font6-Cambria\">Active seniors find mov<\/span><span id=\"E1037\" class=\"qowt-font6-Cambria\">ing<\/span><span id=\"E1038\" class=\"qowt-font6-Cambria\"> to an independent living community is a great way to live their retirement dreams. The maintenance-free lifestyle these communities offer<\/span><span id=\"E1039\" class=\"qowt-font6-Cambria\">,<\/span><span id=\"E1040\" class=\"qowt-font6-Cambria\"> combined with the rich variety of activities and programs<\/span><span id=\"E1041\" class=\"qowt-font6-Cambria\">,<\/span><span id=\"E1042\" class=\"qowt-font6-Cambria\"> make<\/span><span id=\"E1043\" class=\"qowt-font6-Cambria\">s<\/span><span id=\"E1044\" class=\"qowt-font6-Cambria\"> it ideal for a retiree. Because there typically aren\u2019t many care-related services offered in an independent living community, most of the financing will need to come from the family\u2019s personal savings and assets.<\/span><\/p><p id=\"E1045\" class=\"x-scope qowt-word-para-1\"><span id=\"E1046\" class=\"qowt-font6-Cambria\">One factor to keep in mind is that the costs of remaining in your private residence may be comparable to the monthly fees assessed in an independent living community. Your utilities, cable, internet, meals, maintenance and repairs, snow removal, lawn care and more are usually included in your rent.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eaf3a5 elementor-widget elementor-widget-heading\" data-id=\"2eaf3a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ideas to Explore for Independent Living Financing<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9ec4be elementor-widget elementor-widget-text-editor\" data-id=\"e9ec4be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div id=\"contentsContainer\" class=\"style-scope qowt-page\"><div id=\"contents\" class=\"style-scope qowt-page\"><p id=\"E1049\" class=\"x-scope qowt-word-para-1\"><span id=\"E1050\" class=\"qowt-font6-Cambria\">In addition to using private funds, you might be able to finance a move to an independent living community<\/span><span id=\"E1051\" class=\"qowt-font6-Cambria\"> in a few other ways<\/span><span id=\"E1052\" class=\"qowt-font6-Cambria\">:<\/span><\/p><ul><li id=\"E1053\" class=\"qowt-li-2_0 qowt-list qowt-stl-ListParagraph x-scope qowt-word-para-0\" role=\"listitem\" aria-roledescription=\"Bullet\"><span style=\"color: #1267b2;\"><span id=\"E1054\" class=\"qowt-font6-Cambria\">Explore a life settlement company<\/span><span id=\"E1055\" class=\"qowt-font6-Cambria\">:<\/span><\/span><span id=\"E1056\" class=\"qowt-font6-Cambria\"> <\/span><span id=\"E1057\" class=\"qowt-font6-Cambria\">One <\/span><span id=\"E1058\" class=\"qowt-font6-Cambria\">option to consider is selling a life insurance policy you no longer need to a life settlement company. These companies will purchase life insurance policies from older adults for an amount greater than the surrender value. While the price won\u2019t be as much as the face value of the policy, it can help you finance this transition. <\/span><span id=\"E1058\" class=\"qowt-font6-Cambria\">Talk <\/span>with a trusted financial advisor about this option, and <span id=\"E1059\" class=\"qowt-font6-Cambria\">make sure to thoroughly vet any company on your list before making a final decision.<\/span><\/li><li class=\"qowt-li-2_0 qowt-list qowt-stl-ListParagraph x-scope qowt-word-para-0\" role=\"listitem\" aria-roledescription=\"Bullet\"><span style=\"color: #1267b2;\">Talk to a bank about a bridge loan<span id=\"E1063\" class=\"qowt-font6-Cambria\">:<\/span><span id=\"E1064\" class=\"qowt-font6-Cambria\"> <\/span><\/span><span id=\"E1065\" class=\"qowt-font6-Cambria\">For many seniors, their house is their greatest asset. They need a profitable selling price to fund their new chapter in life. If the housing market is down at the time an older adult wants to move, it might make sense to hold on to the house for a month or two in case <\/span><span id=\"E1066\" class=\"qowt-font6-Cambria\">the market <\/span><span id=\"E1067\" class=\"qowt-font6-Cambria\">rebound<\/span><span id=\"E1068\" class=\"qowt-font6-Cambria\">s<\/span><span id=\"E1069\" class=\"qowt-font6-Cambria\">. The same is true of investments and other assets. You may need to wait for <\/span><span id=\"E1070\" class=\"qowt-font6-Cambria\">an asset <\/span><span id=\"E1071\" class=\"qowt-font6-Cambria\">to mature to avoid penalties and fees. <\/span><span id=\"E1072\" class=\"qowt-font6-Cambria\">In situations like these, <\/span><span id=\"E1073\" class=\"qowt-font6-Cambria\">a bridge loan can be helpful. <\/span><span id=\"E1074\" class=\"qowt-font6-Cambria\">You can wor<\/span><span id=\"E1075\" class=\"qowt-font6-Cambria\">k<\/span><span id=\"E1076\" class=\"qowt-font6-Cambria\"> with a trusted financial institution to obtain a short-term loan. Th<\/span><span id=\"E1077\" class=\"qowt-font6-Cambria\">i<\/span><span id=\"E1078\" class=\"qowt-font6-Cambria\">s can help pay for independent living while you wait for assets to be liquidated or for your home to be readied for sale.<\/span><\/li><li class=\"qowt-li-2_0 qowt-list qowt-stl-ListParagraph x-scope qowt-word-para-0\" role=\"listitem\" aria-roledescription=\"Bullet\"><span style=\"color: #1267b2;\">Utilize s<span id=\"E1081\" class=\"qowt-font6-Cambria\">killed home health services<\/span><span id=\"E1082\" class=\"qowt-font6-Cambria\">:<\/span><\/span><span id=\"E1083\" class=\"qowt-font6-Cambria\"> <\/span><span id=\"E1084\" class=\"qowt-font6-Cambria\">While your Medicare won\u2019t pay for independent living, <\/span><span id=\"E1085\" class=\"qowt-font6-Cambria\">the Medicare home care benefit may help with any care needs you have. For example, if you have a chronic disease that requires visits with a skilled nurse or physical therapist, <\/span><span id=\"E1086\" class=\"qowt-font6-Cambria\">Medicare <\/span><span id=\"E1087\" class=\"qowt-font6-Cambria\">may cover <\/span><span id=\"E1088\" class=\"qowt-font6-Cambria\">that<\/span><span id=\"E1089\" class=\"qowt-font6-Cambria\"> cost<\/span><span id=\"E1090\" class=\"qowt-font6-Cambria\">. You will still have to <\/span><span id=\"E1091\" class=\"qowt-font6-Cambria\">use private funds to <\/span><span id=\"E1092\" class=\"qowt-font6-Cambria\">pay for the community itself, but you\u2019ll have the extra help you need to care for your health.<\/span><\/li><\/ul><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35ea4be elementor-widget elementor-widget-heading\" data-id=\"35ea4be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contact ASC to Learn More About Creating a Budget<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3674f5d elementor-widget elementor-widget-text-editor\" data-id=\"3674f5d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p id=\"E1095\" class=\"x-scope qowt-word-para-1\"><span id=\"E1096\" class=\"qowt-font6-Cambria\">If independent living seems like a good fit for you or a senior loved one, we encourage you to put American Senior Communities on your list to explore. One of our experienced team members can help you create a budget so you can be confident you are making an informed decision. <\/span><span id=\"E1097\" class=\"qowt-font6-Cambria\">We invite you to <\/span><a id=\"E1098\" contenteditable=\"false\" href=\"https:\/\/www.asccare.com\/communities\/\" target=\"_blank\" rel=\"noopener\"><span id=\"E1099\" class=\"qowt-font6-Cambria qowt-stl-Hyperlink\">locate a community<\/span><\/a><span id=\"E1100\" class=\"qowt-font6-Cambria\"> and speak with an experienced team member who will be happy to help!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7edc681 e-con-full e-flex e-con e-parent\" data-id=\"7edc681\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-81ff548 e-grid e-con-full e-con e-child\" data-id=\"81ff548\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b6d7709 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"b6d7709\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-size-xs\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Find a Community Near You<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2773262 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"2773262\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjI0NDg0OSIsInRvZ2dsZSI6ZmFsc2V9\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc758ab elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"cc758ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-size-xs\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Careers<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Evaluating Your Independent Living Options Active seniors find moving to an independent living community is a great way to live their retirement dreams. The maintenance-free lifestyle these communities offer, combined with the rich variety of activities and programs, makes it ideal for a retiree. Because there typically aren\u2019t many care-related services offered in an independent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-107","page","type-page","status-publish","hentry"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/pages\/107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/comments?post=107"}],"version-history":[{"count":0,"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/pages\/107\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.asccare.com\/wp-json\/wp\/v2\/media?parent=107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}