How Seniors in Nebraska Can Finance Senior Living Care
Transitioning into assisted living, memory care, or another senior living community is a big step—emotionally and financially. One of the most common concerns families face is: How do we pay for senior living care?
The good news is that there are several ways seniors in Nebraska can finance this transition, and with the help of a qualified Senior Living Advisor, families can better understand the options that fit their loved one’s unique situation.
1. Selling the Family Home
For many seniors, their home is their largest financial asset. Selling the house outright provides a lump sum of money that can cover monthly senior living expenses. In many cases, the proceeds from a home sale can sustain care for several years, depending on the community chosen.
Working with a Senior Living Advisor alongside a trusted real estate professional, especially a Senior Real Estate Specialist©️, ensures families maximize the home’s value and align the sale with their transition timeline.
Jonie Sturek and her background with a degree in Finance from Creighton University and over 20 years of real estate and relocation experience, is uniquely qualified to help your family understand this complex solution with ease.
2. Reverse Mortgage
A reverse mortgage allows seniors (62+) to borrow against the equity in their home without selling it. This can be especially useful if a spouse plans to remain in the home while the other transitions into a senior living community.
While this option can provide cash flow, it comes with specific qualifications and long-term implications. A Senior Living Advisor can help families weigh the pros and cons, and connect them with financial professionals who specialize in elder planning.
3. Medicaid Waiver in Nebraska
For seniors with limited income and assets, Nebraska’s Medicaid Home and Community-Based Services (HCBS) Waiver program may help cover the cost of certain senior living care services.
Steps to Apply for a Medicaid Waiver in Nebraska:
Determine Eligibility – Seniors must meet both financial and medical criteria.
Submit an Application – Apply through ACCESSNebraska, either online or by phone.
Schedule an Assessment – The state will assess the senior’s level of care needs.
Explore Approved Providers – Not all communities accept Medicaid, so it’s crucial to know which ones do.
Because the application process can feel overwhelming, families often benefit from the guidance of a Senior Liiving Advisor, who can connect you with Medicaid planning specialists to help navigate the paperwork and speed up the approval process.
4. Other Resources to Consider
Long-Term Care Insurance – If purchased earlier in life, this may offset monthly care costs.
Veterans Benefits (Aid & Attendance) – Eligible veterans and their spouses may qualify for additional financial support.
Bridge Loans – Short-term loans can help cover costs until assets like a home sale are finalized.
A Senior Living Advisor can walk families through these options and connect them with local experts who specialize in elder care planning.
Every family’s situation is unique. Some seniors may be best served by selling their home, while others may qualify for Medicaid assistance. No matter the path, having a knowledgeable Senior Living Advisor by your side can make the process clearer, less stressful, and ultimately more empowering.
At Family Ties Senior Placement Services, we’re here to guide Nebraska families through every step—helping you explore the best financial and care options for your loved one’s future. Let’s connect!
