To ensure each of our residents receives the services that meet his or her specific needs, Orchard provides four levels of care. The level of care needed is determined by ongoing assessments and communication with the resident, his or her family and personal physician.

While cost may not be the single most important factor when considering senior living, people are often surprised to find senior living is more affordable than other alternatives.

The following worksheet may provide some idea of expenses.

Sample Monthly Cost of Living Comparison Worksheet

Traditional Options


Personal savings and investments can provide the money necessary to cover the costs of senior living. For many seniors their home is their nest egg and can also provide the money necessary to cover the costs of senior living once it is sold. Personal loans are also available to help bridge the funding gap until the home sells or other assets are made available.


ElderLife Line of Credit

ElderLife offers flexible line of credit programs that are ideal for those who need supplemental funding for senior living while they wait for other benefits to begin or are in the process of selling a home. These simple, convenient financing options are available to both residents and families. Visit ElderLife’s website.

Home Equity Options

The equity in real estate can also provide funding for senior living. While many people will decide to sell their home in order to move to a senior housing community, others will choose to borrow against the equity in their home in order to pay the costs of senior living. Home equity loans enable owners to use the equity in their home as collateral on the loan.

Insurance Options

Long term care insurance can also help defray the costs of senior living. This product covers care received in various senior housing settings, including senior living, dementia care communities, and skilled nursing facilities.  Insurance premiums will vary based upon the age of the insured, the type of coverage desired, and other factors.  For individuals owning whole life insurance policies, a life settlement product may afford an avenue to convert the value of the whole life policy into funds to defray the cost of senior housing.

Life Care Funding

This option can assist a senior with a Life Settlement, the liquidation of an existing life insurance policy. This may be an option when other investments are underperforming or the policy has outlived its usefulness. Visit Life Care Funding’s website.

Veteran’s Benefits

The Veteran’s Administration also offers a benefit that can assist in covering the costs of senior living. This benefit is available to veterans and surviving spouses who qualify. If you are eligible, you could receive a federal pension of approximately $2,000 per month to help pay for personal care such as assisted living. For more information, please contact your local Department of Veteran Affairs.

All of these financial options must be tailored to each individual’s needs.  We urge you to seek independent financial advice as you explore those options for yourself or a loved one.

Additional Financial Options

Companion Suites
Companion suites give residents an affordable roommate option without sacrificing any of Orchard at Tucker – Assisted Living’s amenities, programs and services. Find our more by contacting us today.

Tax Deductibility Benefit
Please note that while we cannot give tax advice, we understand that there may be some tax benefit available to the Orchard residents and their family members. For more information, please refer to Tax Deductibility Information Sheet.