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LOCATING FUNDING CAN BE STRESSFUL, WE MAY BE ABLE TO HELP.
VETERANS PROGRAM
THE AID AND ATTENDANCE PROGRAM IS A FEDERAL BENEFIT PROVIDED THROUGH THE DEPARTMENT OF VETERAN AFFAIRS. ELIGIBLE VETERANS, SURVIVING SPOUSES OF VETERANS, OR COUPLES CAN RECEIVE UP TO $1949.00 PER MONTH FOR ASSISTED LIVING SERVICES. CLICK HERE TO VISIT THE VETERAN AID AND ATTENDANCE BENEFIT PAGE OR CONTACT US FOR MORE INFORMATION.
HOME EQUITY LINE OF CREDIT
A HOME EQUITY LINE OF CREDIT MAY BE A GOOD SOLUTION, ESPECIALLY IF YOUR SENIOR LOVED ONE OWNS A HOME FREE AND CLEAR. YOU MIGHT ALSO CONSIDER RENTING THE HOUSE TO GENERATE CASH FLOW RATHER THAN LEAVING IT VACANT.
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BECAUSE WE CARE'S HOME FOR HOME SWAP
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WE UNDERSTAND THAT FINDING AND FUNDING AN ASSISTED LIVING FACILITY IS A VERY DIFFICULT PROCESS. THIS IS WHY WE'VE DECIDED TO ADOPT A COMMON PRACTICE OF PROVIDING HOUSING AND CARE FOR YOUR LOVED ONE IN EXCHANGE FOR A FREE AND CLEAR PROPERTY. THIS PROGRAM IS VERY POPULAR AND IS A GREAT OPTION DEPENDING ON CIRCUMSTANCES. CLICK HERE TO CONTACT US FOR MORE INFORMATION.
MEDICARE/MEDICAID
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YOUR LOVED ONE MAY BE ELIGIBLE FOR MEDICARE OR MEDICAID FOR SKILLED NURSING CARE IF THEY MEET ELIGIBILITY REQUIREMENTS.
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TAX BENEFITS
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THE IRS ALLOWS DEDUCTIONS FOR THE COST OF HOUSING AND MEALS FOR ADULTS RECEIVING ASSISTANCE WITH AT LEAST TWO ACTIVITIES OF DAILY LIVING.THE ADULT’S CONDITION AND NEED MUST BE CERTIFIED BY A DOCTOR. THE SAME DEDUCTION MAY APPLY FOR ADULTS WHO REQUIRE A SIGNIFICANT AMOUNT OF SUPERVISION DUE TO COGNITIVE IMPAIRMENT.THE IRS ALSO ALLOWS FAMILIES TO CLAIM THIS TAX DEDUCTION IF THE ADULT NEEDING ASSISTANCE IS A DEPENDENT. THE IRS CLASSIFIES A DEPENDENT AS AN ADULT WHO IS RELATED TO THE FAMILY OR HAS LIVED WITH THE FAMILY FOR AN ENTIRE YEAR AS A MEMBER OF THE HOUSEHOLD. THE ADULT MUST BE A US CITIZEN OR RESIDENT AND THE FAMILY MUST HAVE PROVIDED MORE THAN HALF OF THE TOTAL SUPPORT FOR THE ADULT FOR THE CALENDAR YEAR. CONSULT A CPA TO DISCUSS THIS OPTION.
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