Oasis Senior Advisors
Financing Senior Care
As seniors age and need more help with personal care or household tasks, home care providers and senior living communities become attractive solutions. However, these helpful services come at a cost, and typical health insurance doesn’t cover them.
When it comes to paying for long-term care, whether the services are provided in a residential facility or the home, older adults have an array of options. Various strategies, from private-pay options to insurance, financial products, and veterans benefits, can help seniors fund the services they need to live safely and comfortably. Find information about how to pay for senior care so you can get the care you or your loved one needs.
3 Ways To Pay for Senior Care
Older adults today may find themselves in a bind when they need to move to a senior living community without knowing how to pay for senior care. Though senior living may feel like a large expense, a number of solutions can help older adults fund their move and maintain their residency for as long as […]
Help Your Senior Clients Save Money on Costs and Care
Many older adults in the United States live on a fixed budget and need to save money to afford life expenses. With the costs of care and living continuing to rise, they often ask trusted financial experts how to make ends meet. Careful budgeting may be the answer, but clipping coupons may not be enough. […]
Navigating a Safe Discharge: A Guide for Medicare Beneficiaries
Transitioning from a hospital or skilled nursing facility (SNF) back home can be an overwhelming process. To do so under the restrictions and limitations of Medicare coverage can be even more difficult to Here are some considerations for achieving a safe discharge under Medicare coverage that will ensure optimal recovery and minimize the risk of […]
The Importance of Estimating Long-Term Care Costs and How to Do It
Planning for the future is a crucial aspect of ensuring the well-being of seniors and their caregivers, especially considering the increasing costs associated with long-term care. As the need for assistance grows, whether it’s in the form of in-home care, home health aides, or moving to assisted living facilities or nursing homes, understanding the financial […]
Building Trust and Open Communication: Tips for Approaching Financial Conversations with Seniors
Having open and honest conversations about finances can be challenging, especially for seniors and their loved ones. Seniors with mental or physical impairments might struggle to sign checks, keep up with bills, or calculate a budget. Maybe they’ve recently lost a spouse who handled their finances. Maybe English isn’t their first language. Fear, embarrassment, and […]
Budgeting Doesn’t Have to Bite: How Caregivers Can Help Seniors Build a Financial Future
Proper financial management is important at any age. Yet, as caretakers know, it can become much more difficult as one ages. For loved ones facing physical, mental, and cognitive challenges, managing money can be overwhelming. If you’ve noticed a senior struggling with finances, there are concrete steps you can take to help. What Obstacles Prevent […]
Social Security Secrets: Maximizing Your Benefits in Retirement
Social security might seem easy to understand when you’re young: you retire, file for benefits, and then receive a check for the rest of your life. However, getting the most from your social security benefits isn’t a straightforward process. When getting ready to retire, your choices influence how much money you receive. These essential tips […]
Why is memory care so expensive, and how do you fund it?
The cost of memory care can be overwhelming, especially in New York City. It is more expensive than the cost of regular assisted living, which can make you feel more unsure of how to pay for it. Not to worry, though—there are plenty of ways to fund your time in a memory care community. Does […]
What’s a Private Pay Assisted Living Community and What Does it Cost in NYC?
There are so many different kinds of senior living communities in New York City that it can be difficult to choose which is the right one for you. This is especially true when thinking about money—the amount you pay per month will depend on which kind of community you choose. You may have heard of […]
Why is Assisted Living in NYC So Expensive?
There’s a lot to keep in mind when choosing an assisted living facility, one of the most important ones being the cost. The monthly cost of assisted living in New York City is particularly high, starting at $5,000 a month. But not to worry, there are options you can take advantage of to help pay […]