Financial Planning

Understanding your options is key. We offer guidance and resources to help you make informed decisions about your care and coverage.

Two seniors and a man discussing documents at a table.

Financial Planning for Senior Living

Helping You Navigate the Process with Confidence

Planning for senior living involves more than choosing the right community – it also means finding a path that makes financial sense for you and your family. Century Fields Retirement Community is here to support you.

From understanding the true cost of care to exploring funding options, our knowledgeable team can guide you through the financial planning process. We’ll answer your questions, explain your choices, and help create a plan that works for your needs and goals.

Understanding the Cost of Senior Living

Our community offers an all-inclusive approach to assisted living. This means that your monthly rate covers everything from meals and utilities to housekeeping, activities, transportation, and personal care – providing predictability and peace of mind.

When comparing the cost of moving to Century Fields with staying at home, it’s important to consider the hidden and ongoing costs of homeownership, maintenance, groceries, utilities, and in-home support. Many families are pleasantly surprised to find that senior living is not only manageable but often more affordable than anticipated.

Cost Calculator

Financial Options

Private Pay

Most residents pay for senior living privately, using a combination of income, savings, investments, or proceeds from the sale of a home. This option offers the most flexibility, allowing residents to choose the level of care and lifestyle that best meets their needs. Our team can help you review your monthly costs and determine how private funds may be used efficiently to support long-term needs.

We’re also happy to connect you with financial advisors or eldercare specialists if you’d like additional help with budgeting, asset planning, or long-term financial strategy.

VA Aid and Attendance Program

If you or your loved one is a veteran – or the surviving spouse of a veteran – you may be eligible for the VA Aid and Attendance benefit, a monthly payment added to your VA pension that can help offset the cost of assisted living.

To qualify, you must meet certain service, medical, and financial requirements. The benefit can significantly reduce out-of-pocket costs for eligible individuals.

Our team is experienced in helping families navigate the application process and can connect you with trusted VA-accredited representatives to assist with claims and paperwork.

Long-Term Care Insurance

If you have a long-term care insurance policy, it may cover some or all of your assisted living expenses. These policies vary widely in what they cover, how much they pay, and how benefits are triggered – often based on the level of assistance needed with activities of daily living (such as bathing, dressing, or medication management).

We’ll work with you to review your policy and help coordinate benefits with your insurance provider. Our aim is to ensure you receive the full value of your plan and experience a smooth transition into care.

A Partner in Your Planning Journey

Financial planning should feel approachable – not overwhelming. We provide clear, honest information and customized support to help you make confident decisions about your future.