Financial Planning Options
The costs to live at Élan Manatee depend upon the size, location, and supportive services you need or desire. Here is information on some options to consider which may help offset some of the costs.
US Veterans or their surviving spouse may be eligible for federal monthly pension benefits up to $1,788 per month for Veterans or $1,149 per month for a surviving spouse to help offset continuing care in an assisted living setting. For more information or for application assistance, contact us at Élan Manatee at (941) 213-5555.
Elderlife Financial Services
There are simple, convenient finance options available from Eldercare Financial Services. They offer flexible lines of credit that can help fund your assisted living expenses while you wait for other benefits to start or if you’re in the process of selling your home. Find out more at Elder Life Financial or call 1 (800) 228-4500 for more information.
Life Care Funding
You can convert existing life insurance policies (whole, universal or even term) to help offset the cost of services at Élan Manatee. To learn more about this option, call Life Care Funding at 1 (888) 670-7773 or visit Life Care Funding
For more information on financial planning options at Élan Manatee, contact us at (941) 213-5555.
Helping you understand the language of senior living.
Helping someone you love explore retirement community options often requires a little translation. This brief glossary will help you differentiate plans, services, and senior living options.
Most retirement communities require that residents have reached a given age before moving in. You’ll find 65+ is a common benchmark.
Assisted living communities typically provide services which allow the resident to maintain a degree of independence, while offering a helping hand with given tasks such as bathing, grooming, dressing and taking medications.
In an independent living (or residential living) community, residents are capable of living in a residence with or without assistance.
Long-term Care Insurance
Long-term care insurance is a type of insurance developed specifically to cover the cost of skilled nursing, assisted living, home health care and other long-term care services. These services are usually not covered by traditional health insurance or Medicare.
This federal health insurance program is designed for people who are 65 and older, certain younger people with disabilities, and people with End-Stage Renal Disease. Medicare Parts A, B, C and D cover specific services and care.
Financed by state and federal governments, Medicaid offers medical assistance designed for those unable to afford regular medical service and is available to fund care in a skilled nursing setting.
A specialized type of elder care, memory care is tailored specifically for the needs of individuals with Alzheimer’s, dementia or other cognitive disorders.
Nursing Home (or Health Center)
Skilled nursing care facilities, commonly referred to as nursing homes or health centers, are licensed health care communities that are inspected and regulated by a state’s Department of Health Services. They offer long- and short-term care for individuals who need rehabilitation services or who suffer from serious or persistent health issues that are often too complicated to be tended to at home.
Services designed to help an individual recover from an injury, operation, stroke or illness. These may include physical therapy, occupational therapy, speech therapy and memory care. In most cases, services are planned to help the patient return as closely as possible to pre-challenge levels. The services may be residential (inpatient), or outpatient, and may be short- or long-term, depending on the needs of the patient.
The term “retirement community” encompasses a wide scope of variations—several of which are covered here. Rental communities, continuing care, Life Care, assisted living and skilled nursing care communities all fall within the spectrum, as do age-restricted communities of individually owned homes with common services and amenities.
Skilled Nursing Care
Skilled nursing care communities offer daily nursing care, provided or supervised by licensed medical personnel.
A membership organization leading positive social change and delivering value to people age 50 and over through information, advocacy and service.
Provides home and community-based services to millions of older persons through the programs funded under the Older Americans Act.
The leading voluntary health organization in Alzheimer’s care, support and research.
Provides members with specialist referrals, Arthritis Today magazine and updates on the newest research.
Offers support and guidance for family and professional caregivers through newsletters, online discussion, Today’s Caregiver magazine, chat rooms and more.
A national consumer and community engagement initiative to improve care at the end of life, supported by a grant from The Robert Wood Johnson Foundation.
An organization focused on advocacy of effective services for seniors including home health, hospice, assisted living, continuing care and more.
Supports seniors, their families and their attorneys in legal issues surrounding aging.
Addresses the needs of families and friends providing long-term care at home.
The official benefits site of the US Government with information on over 1,000 benefit and assistance programs.
Exists to help those who cope personally or professionally with terminal illness, death, and the process of grief and bereavement.
Unifies organizations focused on older adults and provides education, information, resources, and tools.
A nonprofit organization with a national network of more than 14,000 organizations and leaders.
Explains U.S. Government Veterans’ Affairs benefits to assist eligible veterans and dependents with the expense of intermediate or skilled nursing care.