Financial Resources
Paying for senior living doesn’t have to feel overwhelming. At Sholom, we walk beside you every step of the way—offering tools, resources, and expert guidance to help you understand your financial options and make confident decisions. Whether you’re planning ahead or navigating a move right now, we’ll help you find the support you need.
Finding Senior Living Financial Solutions
A transition into senior living can be both emotional and financial—but you don’t have to do it alone. Sholom is proud to partner with ElderLife Financial to provide access to a free Financial Concierge® who will help you explore personalized payment strategies.
Bridge Loans
Get immediate access to funds while you wait for long-term assets like home sales, insurance payouts, or benefit approvals.
- Short-term senior care loans available for up to 12 months
- Borrow $5,000–$500,000
- Funds may be available in as little as 24 hours
- No application fees
- Interest-only monthly payments
- No pre-payment penalties
Real Estate Services
Selling a home to fund care? Our specialized senior real estate network makes the process smoother, faster, and less stressful.
- Network of Senior Real Estate Specialists (SRES®)
- Free home market analysis and sale comparison
- Help with packing, moving, downsizing, and estate sales
- Access to bridge loans while waiting for home sale proceeds
Veterans Benefits
Veterans and their surviving spouses may qualify for up to $2,795/month in VA Aid & Attendance benefits to help cover the cost of care.
Key eligibility factors:
- Military service history
- Verified medical and care needs
- Income and assets within VA limits
Let us help you determine if you qualify and guide you through next steps.
More Ways to Pay for Senior Living
In addition to ElderLife solutions, Sholom proudly participates in public financial assistance programs such as Elderly Waiver, CADI Waiver, and Housing Support. The availability of public funds, vary depending on budget.
Elderly Waiver & Medical Assistance
Minnesota’s Elderly Waiver program helps eligible seniors receive care in home- or community-based settings. Sholom accepts EW at select locations. Learn more about economic assistance programs offered through the state.
- Must meet income, asset, and care criteria
- Apply through your local county financial worker
- Learn more: Minnesota DHS Elderly Waiver
Long-Term Care Insurance
If you have a long-term care policy, we’ll help you navigate coverage and claims to maximize your benefits.
Private Pay
Many families choose to use savings, pensions, or retirement funds. We offer flexible, person-centered care plans to help you plan responsibly and sustainably.
Medicare
Medicare may cover short-term skilled nursing or rehabilitation following a hospital stay. Sholom’s care team can help clarify what’s included.
Financial Questions, Answered
Planning for Senior Care Costs in Minnesota
Let’s Talk Through Your Options
Our goal is to make the financial part of your care journey easier—so you can focus on what matters most. Call us today or contact us online to speak with our admissions team and we can connect you to our FREE Financial Concierge.
Let Us Be Your Guide.
Navigating Senior Living Transitions and Resources is Our Specialty
Experienced Living
Enjoy experienced living with kind and like-minded friends, new and old with abundant opportunities to connect, grow your purpose, and find belonging.
At Knollwood Place, you’ll find a warm, welcoming community where you can live independently while staying active, and embracing your golden years.
Supportive Transitions
Through our Welcome Home Program, we make your transition easier and worry-free as possible.
We partner with trusted professionals to help with downsizing, moving, financing, selling your current home, and navigating the difficult feelings that come along with making a big move and transition.
Community Programs
Our goal is to empower our residents to embrace life with joy, purpose, and connection.
From day one, you’ll be paired with a friendly tenant, a Community Ambassador, who will introduce you to neighbors, activities, dine with you, and explore life at Knollwood — ensuring you feel at home right away.
Living Life to the Fullest
Sometimes the hardest part of change is simply saying “yes.” If you’ve been telling yourself you’re “not ready yet,” maybe this is the season to reconsider.
At Knollwood Place, you’re not giving up independence — you’re gaining freedom. Your next chapter is waiting — all it takes is one call to open the door to a life that feels full again.
