Financial Options

This section contains information on a variety of helpful financial tools and programs to assist seniors and their families with addressing the affordability of assisted living at Palm Beach.

Cost Comparison Work Sheet

To help determine how the cost of living at Palm Beach compares with the cost of living at home or elsewhere, please see our simple Cost Comparison Work Sheet.

Convert a Life Insurance Policy: Life Care Funding

The Life Care Funding Group offers to convert your life insurance policy into a long-term care benefit. There are no premiums or waiting periods for this Life Care Assurance Benefit. For more information, contact Life Care Funding Group at 1-800-670-7773 or visit

Claim Veterans Benefits: Aid and Attendance Program

Veterans and their spouses may be qualified to receive payments from the Aid and Attendance Program of the US Department of Veterans Affairs. This is a benefit paid in addition to a veterans pension. For more information, contact your Veterans Regional Office or visit

Open a Line of Credit: ElderLife

ElderLife Financial Services offers a line of credit that can bridge the gap in funding as you wait for veterans benefits to start or for the sale of a home. Payments can be sent directly to our business office each month at your request and they make it easy for multiple family members to share the care. For more information, contact ElderLife Financial Services at 1-888-228-4500 or visit

Share a Suite

Consider the advantages of rooming with another resident, a more affordable option, when available. Many residents appreciate and benefit from the added companionship.

Seek Tax Benefits

You may be eligible to deduct ALL or a substantial portion of your monthly rent as a medical deduction from your yearly tax assessment. The cost of assisted living may be tax deductible as a medical expense for both residents and family members who provide financial support. For more information see Tax Deductibility of Assisted Living Expenses (below), speak to your tax advisor, or visit

Caregiver Library

These resources are shared to help caregivers with some of the most common challenges they face. From communicating with a physician to caring long distance, we hope these guides will support you in your caregiver role.

Managing Your Health

Being proactive in managing your health is the best way to maintain your optimum quality of life. We’ve pulled together information on a wide variety of wellness topics ranging from ways to manage arthritis to taking charge of your diabetes.

Legal & Financial

Our legal and financial section is devoted to information of interest to older adults. We share resources that range from understanding your Medicare benefit to advance care planning.

Retirement Living

Our Retirement Living resources covers information about each type of senior care. From aging in place to nursing homes, we think this information will help you better understand your options.

  • Choosing Assisted Living Guide to helping families choose an assisted living community for a loved one. Written and developed by the Assisted Living Federation of America (ALFA).
  • Making the Transition to Assisted Living National Center for Assisted Living (NCAL) offers advice on making the transition from home to assisted living. Tips on everything from privacy to visitors.
  • Your Guide to Choosing a Nursing Home The Centers for Medicare & Medicaid share step-by-step advice for choosing a nursing home and resources to help a loved one receive the best possible care.

Senior Safety

This section of our resource center combines information on a variety of senior safety issues. We share everything from tools to help evaluate a seniors driving to a checklist for preventing falls at home.

  • Dementia and Driving Great resource for families struggling with the difficult conversation about driving and dementia. Advice for balancing safety with independence.
  • Older Drivers Learn how aging affects our ability to be a safe driver. This resource addresses everything from vision to medication side effects.
  • Staying Safe with Dementia A must-read for families of a loved one with dementia. Offers safety advice on wandering, driving, traveling and more.
  • Elder Abuse This resource from the National Institute on Aging tackles all the different forms of elder abuse and how to recognize the warning signs that someone you know might be a victim.
  • Falls and Fractures How to advice on fall proofing your senior loved one’s home from the National Institute on Aging.
  • Preventing Falls The Center for Disease Control (CDC) shares suggestions for starting a community-based fall prevention program.
  • Preventing Falls at Home Fall prevention checklist from aging experts at Eldercare Locator.
  • Safety Fall Prevention This in-home safety checklist from the Center for Disease Control (CDC) can help you assess a senior loved one’s home for fall prevention risks.
  • Fire Safety Checklist Comprehensive guide from the U.S. Fire Administration on fire risks for seniors and how to prevent them.
  • Safe Use of Medicine Medication errors are one of the top ten reasons seniors are admitted to hospitals. This guide can help you evaluate and manage your loved one’s medications.
  • How to Avoid Scams and Fraud Seniors are often the target of scams and fraud. This helpful guide from the Pennsylvania Attorney General offers tips to recognize and report a scam.

Senior Services Organizations

1650 King Street
Suite 602
Alexandria, VA 22314
Leading national trade association serving companies that own, operate, and support professionally managed senior living communities in the United States.

Alzheimer’s Association
225 N. Michigan Avenue
Chicago, IL 6061
Information on diagnosis, treatment, patient care, caregiver needs, long-term care, education and training, and research related to Alzheimer’s disease.

American Association of Retired Persons (AARP)
601 E Street NW
Washington, DC 20049
Nationwide membership organization providing information on topics such as healthcare, employment security, and retirement planning as well as discounts on a variety of products, travel, and services.

National Council on Aging
1901 L. Street NW
Washington, DC 20036
Programs available to help families with the cost of health care.

Center for Excellence in Assisted Living
2342 Oak Street
Falls Church, VA 22046
A national resource for materials and information about assisted living.

Centers for Medicare and Medicaid Services
7500 Security Boulevard
Baltimore, MD 21214
The federal agency that administers Medicare and works with the states on the administration of Medicaid.

Eldercare Locator
Nationwide service that helps identify local resources for families and seniors.

National Institute on Aging Information Center
31 Center Drive
MSC 2292
Bethesda, MD 20892
Free information on a wide variety of subjects on issues affecting seniors.

Family Caregiver Alliance
785 Market Street
Suite 750
San Francisco, CA 94103
Information, education, services and advocacy for caregivers.

National Hospice and Palliative Care Organization
1731 King Street
Alexandria, VA 22314
Professional association for hospices that provides resources and information for the public.