Four Effective Ways of Paying for Senior Housing
In most cases, Medicare doesn't usually cover Calgary seniors' housing costs. And this causes concern for both the older adult and their loved ones. But thankfully, there are several other effective ways that make paying for senior housing a little streamlined. Try resources like: 1- provincial programs Check whether or not the province you live in offers any type of community or home-based waivers to assist low-income residents. If yes, use it for your benefit. 2- Life insurance You can also use a life insurance policy to pay for Calgary seniors' housing charges. As per the policyholder's health and age, and premium, the lending firm can buy the policy back for 50 to 70%. You can check with your insurance company for added information. 3- Long-term care insurance If your loved one has long-term care insurance in his/her name, it should come in handy in paying for seniors' housing in Calgary. Keep in mind for this resource to work, the policy needs to be purcha...