Resources & Financial Solutions

CherryWood Village provides flexible, cost‐effective options in senior living. Along with affordable monthly rates, residents have access to a variety of financial assistance programs that can further help cover costs and bring additional peace of mind.

VA Benefits: Aid & Attendance

The Veterans Administration offers an additional monthly pension benefit for veterans, their spouses, surviving spouses and parents. If you meet certain eligibility criteria, you may apply for this added pension benefit, to help pay for assisted living and home care expenses.

2010 Monthly Aid & Attendance Rates:

Veteran in Need of Care with Spouse: $1,949
Single Veteran in Need of Care: $1,644
Independent Veteran with Spouse in Need of Care: $1,291
Surviving Spouse in Need of Care: $1,056

For more information, find a VA office near you, or contact CherryWood Village at (503) 408‐0404.

ElderLife Financial Services

At CherryWood Village, we work with the ElderLife Financial Services program to make sure you have affordable independent living and long term care options. ElderLife Financial Services provides guidance and solutions to families with seniors facing senior housing and lifestyle decisions. For details, visit www.elderlifefinancial.com or simply call their support line at (888) 228‐4500.

LifeCare Funding Group

Life Care Funding Group works with seniors to help fund long term care and retirement living using an in‐force Life Insurance Policy. To learn more and see if this option is right for you, visit www.lifecarefunding.com or contact the LifeCare Funding Group support line at (888) 670‐7773.

Roommate Savings at the Royal Anne

Residents of the Royal Anne Assisted Living suites can receive significant cost savings by sharing their apartment with a roommate. Perfect for twosomes, both parties benefit from saving without sacrificing any of the Royal Anne’s amenities, programs, or services.

Tax‐Exempt Gifting

Family members wishing to pitch in toward the cost of assisted living can take advantage of the IRS gift tax exemption. Individuals can offer annual gifts of up to $13,000 per person without paying the federal gift tax. To ensure that this decision is right for you and your family, please speak with a tax advisor before taking advantage of this option.