Financial Assistance
Clear Guidance on Budgeting for Senior Care
At Regency Retirement Village of Birmingham, we understand that planning for senior care can feel overwhelming—but you don’t have to navigate it alone. We offer a variety of financial assistance options to help make high-quality senior living both accessible and affordable.
Resources available to families:
Life Care Funding Group
Turn your existing life insurance policy into a Long Term Care Benefit Plan quick, no-obligation process that helps cover care expenses without delay.
Veteran Benefits
Veterans or surviving spouses may be eligible to receive up to $2,795/month in federal aid. Call us for guidance on the application process and to see if you qualify.
Gift Tax Exemption
Family members can contribute up to $13,000 per year per person toward your care tax-free. We recommend consulting a licensed tax advisor to explore this option.
ElderLife Financial Services
Bridge financial gaps with flexible financing options or a convenient line of credit. ElderLife is especially helpful while waiting for a home to sell or benefits to begin.
Elder Resource Benefits Consulting
Companion Living
Looking for a more budget-friendly solution? Consider sharing an apartment with another resident. Companion Living offers all the same amenities and services at a reduced monthly rate without sacrificing comfort or privacy.
For more information or personal guidance, please contact our community consultant at (205) 942-3355.