Unlike medically necessary services – which are typically covered by health insurance or Medicare – Long term care services like assisted living are primarily private-pay
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Washington, D.C. (PRWEB) December 13, 2006
ElderLife Financial and ElderCarelink announced a new strategic relationship specifically designed to help more families across the country pay for the costs of assisted living. Effective immediately, ElderCarelink will be making the ElderLife Family Payment Plan available to all of its users who are in search of assisted living and other senior living options. Every month, thousands of families use the ElderCarelink referral service to find the right assisted living facility for their loved ones. Now these families will also have the opportunity to apply for a wonderful financing option for assisted living that is only available through ElderLife.
ElderCarelink, the leading internet service which connects consumers to providers of eldercare services, has seen the demand for private family financing of senior living rise consistently over the past several years. “Unlike medically necessary services – which are typically covered by health insurance or Medicare – Long term care services like assisted living are primarily private-pay,” says Robert Brooks CEO of ElderCarelink. “As such, many families are not well prepared to handle costs associated with placing a family member in an eldercare community.”
ElderLife Financial offers simple financing to families in need of senior housing and care through its Family Payment Plan for Senior Living. This program makes assisted living financing available to qualified candidates within 24 to 48 hours. Through a personal Line of Credit for senior living, families can use what they need to pay for housing and care at the community of their choice - and make low, affordable monthly payments that fit in their budget giving families time to settle their loved ones’ affairs.”
“ElderCarelink provides a simple and easy way for families to locate the elder care services their loved ones need” says ElderLife Financial Founder & CEO Elias P. Papasavvas. ElderLife is proud to be of assistance to the thousands of families reaching out to ElderCarelink each month in search of senior housing and care.”
As part of the new partnership, ElderLife and ElderCarelink will also be developing joint product offerings of their respective programs to their provider partners, whereby provider partners of ElderLife and ElderCarelink can access both programs under “preferred terms.”
About ElderLife Financial
ElderLife Financial is the leader in providing families with lending solutions to pay for their loved ones’ senior living and care costs through its Family Payment Plan. Focused exclusively on helping seniors and their families access the senior communities of their choice, ElderLife has helped families pay for independent living, assisted living, skilled nursing, and continuing care retirement community costs. More about how ElderLife can help families pay for care can be found at http://www.elderlifefinancial.com or by emailing Elias Papasavvas at eliasp @ elderlifefinancial.com
ElderCarelink, a leading provider of qualified lead generation services within the eldercare industry, assists families in finding a multitude of senior services, including assisted living, nursing homes, adult day care, private duty nursing, care management and homecare in all 50 states. More about finding eldercare assistance or joining our network of providers can be found at http://www.eldercarelink.com.