Financial Resources

Manorhouse will help you transition to retirement lifestyle you desire with flexible programs and third-party financial options that help you cover the monthly expense of the Manorhouse experience.

Veterans Aid and Attendance Pension
The Department of Veterans Affairs provides the Aid and Attendance Pension to eligible wartime veterans and their surviving spouses. This benefit can offset a significant portion of the long term care expenses. Depending on your specific situation, the benefit ranges from $1,094 to 2,019 per month and is tax free. These benefits are further broken down here, and our director of admissions can help you find a local resource in your community.

Tax Benefits of Assisted Living
For residents and their families, the transition into an assisted living community can have a substantial economic impact. However, understanding and capitalizing on the tax savings of assisted living can help offset monthly service costs. In fact, many families discover that assisted living can be considerably less expensive than living alone.  Read more here.

ElderLife Financial Services
ElderLife Financial provides a line of credit to families and seniors interested in senior housing financing. The services are designed specifically to help seniors move into the senior living community of their choice, or to supplement their move while waiting for the sale of a home or other benefits to kick-in. ElderLife offers low monthly payments for a quick and easy move.  The availability of these programs and terms may vary by state. For exact details please contact Elderlife directly.

Life Care Funding Group
Life Care Funding Group offers two methods of converting a life insurance policy into funds you may use for long term care or senior housing financing. The Assurance Benefit converts a death benefit into a long term care benefit without premium payments or wait periods. Benefit amounts are larger than a life settlement and the process is quick and uncomplicated. The benefit will cover every form of long term care and senior housing. A Life Settlement is the sale of an in-force life insurance policy to an investor that will set certain minimum requirements for age and policy size.

Companion Accommodation Suites
For the budget-conscious individual or for those who just want companionship, our communities can help match you with a roommate to share monthly living expenses and share the suite space at our communities. Companion accommodations may be available in assisted living or The Pavilion for those residents dealing with memory impairment.

Chattanooga, TN (423) 870-5900 Knoxville, TN (865) 670-0504 Richmond, VA (804) 360-7777

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