Typically, many seniors choose to use insurance to pay for the costs of their care. This means that you can use both Long-Term Care Insurance and Michigan's Medicaid Waiver Program to cover most of the costs of assisted living. Not interested in paying via insurance? Private pay options, including pensions and Social Security are accepted. Mallard Cove Assisted Living will discuss all your options.
Short-term care at Mallard Cove Assisted Living is a great way to see if Mallard Cove Assisted Living is the right place for a long-term stay for your relative! You'll be able to browse all of our amenities, services, and activities to get a complete picture of the variety of choices our facility has to offer your loved one.
Life Settlement Service uses your term, universal, or whole life insurance policies to provide approximately 3 - 4 times the cash value of your insurance policy. Discuss this and other options with your insurance company to learn more about payout amounts, if this is a good financial option for your particular situation.
Review Mallard Cove Assisted Living's Financial Worksheet to assist your financial planning!
Mallard Cove Assisted Living is dedicated to helping senior citizens and their families understand all available financial options for assisted living. Our team also provides access to resources that may help to offset costs associated with independent or assisted living. Just some of your options include life settlement services, long-term care insurance, veterans' benefits, and private payer options.