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Paying for Assisted Living
Flexible, Transparent Care Without the Buy-In
At Cedar Hill, we are proud to be a continuing care community—offering a full range of services from Independent and Assisted Living to Memory Care and Skilled Nursing. But unlike many retirement communities, we do not require a large upfront buy-in or long-term financial commitment.
Instead, residents simply pay monthly rent based on the level of care and support they choose and need. We believe you’ve earned the right to protect your savings and enjoy financial flexibility while still receiving exceptional care.
Joining our community begins with a straightforward application process, which includes basic medical and financial information to help us ensure a good fit. Once approved, a deposit is required to reserve your apartment or suite.
Paying For Assisted Living
Navigating the cost of assisted living can feel daunting at first, but many families are relieved to discover there are several flexible and widely used options to help manage expenses. Below is an overview of the most common ways individuals and families pay for assisted living.
Private Pay (Out-of-Pocket)
This is the most common method. Individuals use their own resources, such as:
- Personal savings
- Retirement income (pensions, IRAs, 401(k)s)
- Social Security benefits
- Investment income
- Proceeds from the sale of a home
Selling a Home or Using Home Equity
Many residents fund assisted living by selling their home or tapping into home equity through:
- A traditional sale
- Bridge loans (short-term loans to cover costs while a home is being sold)
- Reverse mortgages (if a spouse remains at home)
Long-Term Care Insurance
If a resident has a long-term care insurance policy, it may help cover some assisted living costs. Policies vary, so it’s important to check:
- Daily/monthly benefit limits
- Coverage for personal care or custodial care
- Waiting periods before benefits begin
Veterans Benefits
Qualified veterans and their spouses may receive assistance through the VA Aid and Attendance Benefit, which can help cover assisted living expenses. Eligibility is based on:
- Military service (at least 90 days, with one day during wartime)
- Financial and medical need
- Approval through the U.S. Department of Veterans Affairs
Medicaid (in Limited Situations)
While Medicare does not cover assisted living, Medicaid may help in certain cases, especially if:
- The resident qualifies financially
- Cedar Hill participates in Medicaid waiver programs
- Coverage but eligibility rules vary by state.
Other Options
Some families combine several sources or explore:
- Annuities or life insurance conversions
- Family support or pooled funds
- Financial assistance from state/local programs or non-profits
At Cedar Hill…
Our team is here to help guide you through your options and assist with planning. We accept private pay and offer support in exploring Medicare and Medicaid, insurance for skilled nursing and rehab, and veterans' benefits.
Have questions about paying for care? Give us a call—we’re happy to help you find a solution that works for your family.
