Navigating the Financial Path to Your New Home
We understand that planning the financial side of your move is a major milestone.
You shouldn’t have to navigate these complex decisions alone. We’re here to serve as a helping hand, providing empathetic resources to make every option approachable.
Discover transparent pricing and find the right support for your family’s future.
Monthly Base Rates
Rates are factored by community location, available amenities and services, and suite selection. Needed care levels are the second factor that affects your cost.
Assisted Living
Starting at $4,300 a month
Financing Senior Care in Sandpoint
In-home care might look like the most affordable option at first. That is, until you take into account the average cost of assisted living is typically all-inclusive—meaning, you can rest assured knowing that there will be no financial surprises, such as a large home maintenance bill down the line.
We offer a budgeting tool below to help clarify your options.
Budgeting Tool
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Find clear, supportive solutions
Financial Solutions
Discover the various financial solutions available to help your family manage the transition to a supported lifestyle. Whether your budget was prepared for this milestone or not, many resources exist to assist with the costs of assisted living.
Your individual questions, the application process, and any particular circumstances should be reviewed directly with the financial resource provider by contacting them at the phone number listed.
Medicaid is a state and federal program designed to assist with the coverage of health care costs for individuals who have both limited income and resources.
Medicaid benefits vary by state because the Medicaid program is partly funded by the federal government and partly by each state. Forty-four states and Washington D.C. currently provide some level of assistance for qualifying seniors residing in assisted living facilities. If you’re considering a move into assisted living, it’s important to learn about eligibility requirements specific to where you live.
You must be a resident of the state in which you are applying for Medicaid. Additionally, the assisted living facility must be licensed by the state to accept Medicaid.
Services, benefits, and eligibility requirements vary from state to state, but typically you must demonstrate both functional and financial need to be eligible for Medicaid-covered assisted living.
It’s also important to note that Medicaid and Medicare are different programs. Medicare is only accepted at skilled nursing facilities.
To Learn More:
Please contact your local Medicaid office at 1-888-228-4500 or visit their website at medicaid.gov: the official U.S. government site for Medicare.
Founded in 2000, Elderlife focuses exclusively on helping seniors afford the lifestyle, care, and services they deserve. They will walk you through options and programs to find the best solution for both the short and long-term. Elderlife can help you create an individualized financial road map, to help you or your loved-one pay for senior living. In one phone call, find peace of mind with a sound financial road map.
Solutions include: Real Estate Services: Elderlife Senior Real Estate Specialists (SRES) can provide a market analysis of your home, help with staging, junk removal, and estate sales, then complete the process by listing and selling your home.
VA Benefits Assistance:
Accredited agents will help determine your eligibility and aid in the application process.
Long-Term Care Insurance Claim Assistance:
Claim experts can evaluate your existing policy and help you get the most from it.
Elderlife Bridge Loan:
Elderlife’s bridge loan helps your loved one move in today while waiting for other funds to become available later. It is engineered to be fast and easy, with same-day approval and funding.
To Learn More:
Please contact Elderlife Financial Solutions at 1-888-228-4500 or visit their website at www.elderlifefinancial.com.
Life Care Funding helps you to use any type of existing life insurance policy to pay for long-term care or senior housing. Funds are deposited into a Long-Term Care Benefit Account that makes automatic monthly payments to the long-term care provider of your choice. The payment plan is flexible and can be adjusted as your needs change. There are no fees, and once enrolled you are no longer responsible for premium payments.
The process is quick with benefit payments starting in as little time as 30 days. A Long-Term Care Benefit Plan for senior living and assisted living costs can be tax-advantaged and is both a Medicaid qualified spend-down and a VA qualified spend-down.
To Learn More:
Please contact Life Care Funding (now LCX Life) at 1-888-388-0988 or visit their website at https://lcxlife.com/.
The U.S. Department of Veterans Affairs offers an Aid & Attendance benefit for qualified Veterans and surviving spouses to help with the cost of assisted living. This benefit can be used for care at any state licensed care setting.
Medical Eligibility:
The individual must need assistance with at least 2 Activities of Daily Living (ADLs) within VA guidelines. Details on these needs can be best explained by an expert at your local VA office or by contacting a Veterans Benefits Advisor.
To Learn More:
Please contact your local VA benefits office at 1-800-698-2411 or visit their website at https://www.va.gov.
We’re Here to Help
We recognize that every family’s financial journey is entirely unique, and we’re dedicated to being a useful resource for you. Get in touch with our team so we can listen to your specific circumstances and help you find the right long-term solution.
Choose a Life You Love
Assisted Living
Get the helping hand you need to stay active and engaged with the world around you.
Discreet Care
Discreet, dignified personal care assistance.
24/7 Support
Staff available 24 hours a day.
Health Coordination
Support with medication and health coordination.
Experience the Luther Park Difference
Experience a retirement where your comfort and independence always come first. You’ll find us near the bustling Cedar Street Bridge Public Market and the beautiful shores of Lake Pend Oreille.
Our team is ready to help you start your journey. Get in touch today to see how our customized care creates a home that feels exactly right.
