Financial Help

Autumn Trace of Greene County will never ask for an expensive buy-in just to move in. Also, we have designed a very flexible lease with the agreement of one low monthly service fee, which includes:

  • Rent
  • Utilities
  • Maintenance
  • Weekly housekeeping and laundering of bed linens
  • 3 gourmet meals per day, 7 days per week
  • Exercise and wellness programs
  • Entertainment and social events
  • Transportation
  • Common areas and accommodations for family/friend gatherings
  • Wireless call system
  • 24-hour staff
  • Security

Please check out the many financial options we have listed to assist you in making Autumn Trace your home, and contact us with any questions or to set up a time to meet and discuss.

Government & State Options
If you are a wartime veteran or the surviving spouse of a veteran and are paying for care, you may be eligible for a tax-free pension from the U.S. Department of Veterans Affairs, which provides up to $1,949 per month through the Aid & Attendance benefit. Veterans Financial, Inc. will help you navigate the eligibility and application process free of charge. To learn more, please contact: 1-800-835-1541 / www.VeteransFinancial.com.

In some states (i.e. Indiana and Ohio), Medicaid Waiver programs are available to fund assisted living services. Other state specific programs may exist. For example, Indiana has a special program, Money Follows the Person Demonstration Grant, which assists individuals moving from a nursing home or hospital to assisted living.

Loan & Line of Credit Options
A line of credit secured by cash, properties, CDs or equities allows you to borrow money against the account. Another fast and easy option is the unsecuredAutumn Trace of Greene County Line of Credit for Senior Living, which can help your family bridge a funding gap, supplement community fees, move-in deposits or monthly rent while you are waiting for veteran or other benefits, the sale of your home or insurance benefits to arrive. With a friendly U.S. based call center specializing in helping seniors and their families, a same day application and decision (in most cases), Autumn Trace of Greene County is used by many seniors and their families.

Traditional Options
Cash, investment accounts and retirement savings (such as CDs, IRAs, 401 (k), social security, pensions, etc.) may generate income in the form of dividends, capital gains and interest, which can be used to fund senior living. Assistance from family members is also an options.

Insurance Options
Long term care insurance can help defray the costs of senior living. Additionally, many individuals are unaware that their life insurance policy is a financial asset that can be sold to fund their current senior living expenses. Commonly referred to as a Life Settlement, it involves the sale of an existing life insurance policy to an investor for a lump sum cash settlement greater than the cash surrender value given by the insurance company. Cash settlements typically range in amounts between 10% and 40% of the life insurance policy’s face value. Policy owners may want to consider this option if they have outlived the purpose of a life insurance policy, can no longer afford it, feel it has become an underperforming asset, or require liquidity and are considering letting the policy lapse.

Real Estate Options
Real estate is a viable option to fund senior living. Some individuals elect to sell their homes if no one resides there any longer, they wish to downsize or transition into a senior living residence. The money generated from the sale of a home can provide the funds necessary to cover senior living costs. For individuals who elect to keep their homes, borrowing against the equity in real estate is an option to fund senior living. Home equity loans enable owners to use the equity in their home as collateral. Reverse mortgages may be also be a way to borrow money against equity in an existing home. This may be a practical option if one spouse remains in the home while the other resides in a senior living community. Reverse mortgages offer homeowners the opportunity to covert home equity into cash and the loan typically does not have to be repaid until neither spouse resides in the home.

Tax Benefits
Senior living costs may be tax deductible as a medical expense if the resident is unable to perform (without substantial assistance) at least two activities of daily living or who require substantial assistance due to Alzheimer’s or dementia. In some cases, tax exemptions may be available for family caregivers if they are able to claim the resident as a dependent for federal income tax purposes. Additionally, family members may decide to share the costs of senior living and take advantage of the IRS gift tax exemption.

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Attica Location

Autumn Trace
1287 E Main St.
Attica, IN 47918
765-764-5364

Linton Location

Autumn Trace
1150 N 1000 W
Linton, IN 47441
812-699-4464

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