Pricing & Financing
We’re committed to offering affordable assisted living and memory care in our Fox Trail Senior Living communities. Here are some possible financing options that may help many seniors and their families design an affordable assisted living or memory care experience.
New Jersey Locations
| Floor Plan | Bed | Availability | Layout |
|---|---|---|---|
| Private Suite - Single Story Community | 1 | Check Availability | View |
| Private Suite - Two Story Community | 1 | Check Availability | View |
Virginia Assisted Living Communities
Stephens City + Manassas
| Floor Plan | Bed | Bath | Availability | Layout |
|---|---|---|---|---|
| Companion Suite (Individual) | 1 | shared | Check Availability | View |
| Companion Suite (Couple) | 2 | 1 | Check Availability | View |
| Private Two Bedroom (Single resident) | 2 | 2 | Check Availability | |
| Private Studio Suite | studio | 1 | Check Availability | View |
| Deluxe Private Suite | studio | 1 | Check Availability | View |
Virginia Memory Care Communtiies
Orange + Front Royal
| Floor Plan | Bed | Bath | Availability | Layout |
|---|---|---|---|---|
| Companion Suite (Individual) | 1 | shared | Check Availability | View |
| Companion Suite (Couple) | 2 | 1 | Check Availability | View |
| Private Two Bedroom (Single resident) | 2 | 2 | Check Availability | |
| Private Studio Suite | studio | 1 | Check Availability | View |
| Large Private Suite (Front Royal only) | studio | 1 | Check Availability | |
| Deluxe Private Suite | studio | 1 | Check Availability | View |
Financial Options
Making the decision find a senior living community for your loved one can be stressful. Dealing with the financial considerations of this emotional transition can magnify stress levels for the entire family. There are resourceful options available that may ease the move for everyone.
Veterans Benefits
Veterans and surviving spouses may be entitled to V.A. Aid and Attendance. For benefits and qualifications, contact the Veteran’s Administration at www.va.gov or call 1-800-827-1000 to speak with someone at your Veteran’s Regional Office.
Long-term Care Insurance
Long-term care insurance is one other way to financially cover long-term care. This type of insurance will pay for some or all of your care, depending upon the benefit amount and the setting. If you are dealing with early-onset Alzheimer’s or other forms of dementia, it’s best to understand your coverage now, and be sure you have access to all the necessary documents. Talk with your agent to prepare for the changes that living with Alzheimer’s brings.
FHA/HUD HECM Reverse Mortgage Program
A reverse mortgage is a home loan taken against the equity in the home. Unlike conventional mortgages or home equity loans, the FHA/HUD HECM reverse mortgage currently allows homeowners over the age of 62 to borrow some of their home equity.
Borrowers can receive funds in a lump sum, as a line of credit, or get monthly payments every month. There are no restrictions on what the funds are to be used for and the payments are not considered income, so they generally do not affect social security or Medicare, and in some states it can even be used in conjunction with Medicaid.
Generally, these loans are very safe, as there is no personal liability; the most one can ever owe is the appraised value of the home when the last borrower permanently leaves the home. In order to assure that homeowners are doing the right thing, FHA requires that borrowers attend a “counseling” session with an FHA approved counselor before they can apply for an HECM reverse mortgage. Find out more about reverse mortgages at FHA.
Life insurance policy as long-term care benefit
Instead of lapsing or surrendering life insurance, a policy can be converted into an irrevocable Benefit Account that makes monthly payments on behalf of the individual receiving Senior Care. A long-term care benefit is flexible and can be adjusted to meet changes in care; any remaining account balance is paid to the family.
