Financial Resources in Memphis, TN

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1029 Cherry Road, Memphis, TN 38117  Map

Financial Resources For A Seamless Transition

We understand that choosing a senior living community can be overwhelming, especially when it comes to the cost. That’s why we’ve designed resources and tools to help you calculate the cost of senior living and make an informed decision.

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Senior Living Cost Calculator

Our cost calculator is a simple tool that allows you to estimate the monthly cost of senior living. Input your preferences and needs, and we’ll provide you with an estimated cost that meets them.

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VA Benefits

The Department of Veteran Affairs (VA) offers benefits to help Veterans pay for increased senior care. The Aid and Attendance benefit is one of these programs and can provide eligible U.S. Military Veterans and their spouses over $2,600 of monthly, tax-free income, which can help cover the costs of their senior care. Eligibility can be determined in less than 5 minutes by reviewing wartime dates, discharge type, care needs, income, and assets.

 

Unsure about your financial options? Explore a range of cost-effective solutions tailored to individual needs and circumstances.

  • icon-selling-the-home Selling the Home
  • icon-long-term-care-insurance Long-term Care Insurance
  • icon-tax-benefits Tax Benefits
  • icon-life-insurance Life Insurance
  • icon-social-security Social Security
  • icon-reverse-mortgage Reverse Mortgage
  • icon-bridge-loans Bridge Loans
  • icon-companion-living Companion Living
  • icon-medicare-benefits Companion Living
  • icon-pay-with-personal-funds Pay with Personal Funds
  • icon-shared-housing-options Shared Housing Options

Frequently Asked Questions

How can I inquire about financial assistance options available at Opus East Memphis?

If you would like details about financial assistance at Opus, please contact our supportive staff. We are dedicated to helping you explore your options and provide the care you need. You can also take advantage of our complimentary senior living cost calculator to make planning easier!

Does Medicare cover the cost of assisted living in Tennessee?

Medicare does not typically cover the expenses for non-medical assisted living in Tennessee. This coverage is generally limited to short-term stays in skilled nursing or rehabilitation facilities for seniors recovering from illnesses or injuries, focusing on medical treatment and recovery support.

How can senior living at Opus East Memphis be paid for?

When looking to reside in a neighborhood that caters to seniors with specific health conditions, there are multiple payment avenues to consider, such as long-term care insurance, veteran’s benefits, community and state programs, and more. It’s advisable to consult with a senior living specialist to review your options and identify any financial aid programs that you may not have been aware of in the past.

What financial planning services do you offer to help residents manage their costs?

At Opus East Memphis, we are committed to offering an array of resources and services to seniors and their families, empowering them to make well-informed care choices. Our expert team is accessible 24/7 to address any queries you or your loved ones may have. In addition, we offer useful guides, host webinars, provide consultations, and more to help families understand financial assistance options and available programs, making sure you feel welcome and comfortable from the moment you step foot in our community.

How much does a senior living community cost in Tennessee?

In Tennessee, the cost of senior living communities is influenced by various factors including where the community is located, the amenities it provides, and the level of care it offers. Those opting for assisted living can expect monthly expenses ranging from $3,000 to $7,000. For individuals requiring memory care, the monthly costs might fall between $4,000 and $8,000.

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Independent Living Cottages

Enjoy amenities, services, and peace of mind, while living in a spacious freestanding cottage.

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Independent Living

Luxury senior living comes to life in your apartment, complete with activities focused on wellness and socialization.

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Assisted Living

Experience peace of mind, with the added support and freedom to live a vibrant, healthy, and fulfilling retirement.

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Memory Care

Designed for seniors with Alzheimer's disease or other forms of dementia, providing a safe, comfortable environment and meaningful relationships.

What Others Have to Say

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