Series Title: Making Assisted Living More Affordable for Families

Serving Clear Lake, Webster, Kemah, Seabrook, League City, La Porte, Texas City, and Greater Houston

Part 2: Creative Ways Families Can Share the Cost of Assisted Living

At Psalm 23 Home Care, serving families near Webster, League City, and Seabrook, we know that affordability is one of the biggest concerns when choosing a care home. One of the most effective strategies we’ve seen is family cost-sharing. Siblings, children, or close relatives can divide the monthly expenses, so no one individual is left feeling overwhelmed.

Families can also look into life insurance conversions, which allow a policyholder to use existing benefits toward long-term care costs. Another option is to rent or sell a loved one’s previous home, creating an additional stream of income to help with monthly fees. For some, this even provides an opportunity to preserve the home for future family use while still making assisted living affordable.

Open communication is key. When families meet together and discuss realistic contributions, they often find creative solutions that make senior care possible without financial strain. At Psalm 23 Home Care, we provide guidance not only in caregiving but also in helping families navigate the financial side of this important transition.