Mark Sanfacon, CEO of National Datacare Corporation, has worked with nursing homes to manage resident financial affairs for more than 24 years. Through National Datacare, Mark Sanfacon assists nursing homes with setting up bank accounts for patients' personal funds.

2.  Mark Sanfacon, CEO of National Datacare
Corporation, has worked with nursing homes to
manage resident financial affairs for more than 24
years. Through National Datacare, Mark Sanfacon
assists nursing homes with setting up bank accounts
for patients' personal funds.
Many nursing home residents begin their stay by
paying their own bills, but eventually many of these
individuals see their resources run dry. When this
happens, the resident can seek advice from a local
social service agency or online resource locator,
which can help seniors and their families estimate
eligibility for certain forms of assistance.

3.  Many assisted living facilities also have service
coordinators that can work with families to determine
options.
While Medicaid and other state-funded programs
may help pay for care, other programs can help
families step in to help. For example, senior care
bridge loans can let loved ones contribute to care
costs while a longer-term solution is in development.
However, the best plans are those that begin before
care is necessary. Such plans give a resident a better
chance of having personal funds that can pay for
their care while also leaving enough for discretionary
spending.