ANN ARBOR, Mich. - TelAve -- With Michigan's senior population growing rapidly, many families are facing the challenge of affording assisted living. Hillside Terrace Senior Living is committed to providing resources and support to help families navigate these important financial decisions.

"Planning for assisted living expenses is crucial," says Trey Litz, Director of Community Relations at Hillside Terrace Senior Living. "The good news is there are various options available to help manage the cost of care."

Many families utilize a combination of the following options to manage the affordability to pay for assisted living (https://www.hillsideterrace.net/learnmore/ways-...), including:

• Private Savings: This includes savings, Social Security benefits, pensions, investments, and retirement accounts.
• Selling a Home: Equity from selling your home can be a significant resource.
• Explore Long-Term Care Insurance: This insurance can help supplement monthly assisted living payments.

Hillside Terrace is dedicated to supporting families as they navigate assisted living options. They can provide guidance on financial resources and explore solutions to create a personalized plan for your loved one. Call Hillside Terrace today to learn more at (734) 761-4451 or schedule a visit (https://www.hillsideterrace.net/contact/retirement/ann-arbor-retirement-home)!

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About Hillside Terrace: Located in Ann Arbor, Michigan, Hillside Terrace is a family-owned senior living community that focuses on life enrichment in a nurturing and independent setting that stimulates the mind, body, and spirit. They understand the difficulty residents can have when searching for the right facility for memory care in Ann Arbor and have been in business long enough to understand both the big picture and the critical details. https://www.hillsideterrace.net