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Helpful articles and information 

Is Senior Living tax-deductible?

8/17/2018

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You may be eligible for certain deductions on your federal tax return depending on the types of services and the level of care you require.  

Tax deductions can be useful in balancing the cost of senior living. Older adults may be eligible for certain deductions on their federal tax return, depending on the type of services and the level of care they require.

The IRS allows deductions for the cost of housing and meals for seniors receiving long-term care in a home or community due to chronic illness or the inability to live alone. Assisted living or supportive living residents may qualify for these deductions if a physician certifies that they have been unable to perform at least two activities of daily living (such as eating, bathing or getting dressed) without assistance for at least 90 days. The same deductions can apply to those who require substantial supervision because of a cognitive impairment, such as Alzheimer’s disease.

A child paying for a parent’s care may also qualify for the tax deductions, if the child can claim the parent as a dependent.

While we’re happy to provide this introduction to the possible tax benefits of senior living, we encourage you to consult a tax advisor for further information.

Senior Living Consultants
www.assisted-living-resources.com
480-795-7776
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long term care ins & Assisted living

8/7/2018

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Does long-term care insurance pay for assisted living communities or just nursing homes?

Seniors and their adult children often believe long-term care insurance only helps finance a nursing home. In fact, many policies pay for in-home care and assisted living care as well.
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Long-Term Care insurance is specially designed to cover assisted living need. For example, long-term care insurance typically covers the cost of care services:
  • Personal Non-Medical and Medical-related care received in the home or facility.
  • Adult Day Care Services
  • Respite Care
  • Living in a Assisted Living Community or Home
  • Skilled Nursing, Intermediate Care, delivered in nursing homes

Long-Term Care insurance policies may also offer:
  • Case management and care coordination services
  • Benefit to train a relative or friend to provide informal care for the insured
  • Memory care living facility
  • Coverage for home medical equipment
  • Home modification benefit so the insured's home can be made suitable for them to stay in rather than moving into an assisted living home or community

Review your senior loved one’s insurance policy or call us to help you review and clarify what levels of care are covered and what the daily rate is for each.

Americas Top Assisted Living Resources
www.assisted-living-resources.com
​480-795-7776
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For Help or Information Please Call 480-795-7776
​Email: AmericasTopALR@gmail.com
​Fax: 480-795-7717
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Americas Top Assisted Living Resources LLC  is a locally owned and operated agency in the State of Arizona providing quality assistance to families throughout the State of Arizona. Selecting a long-term care facility can be an overwhelming experience. To help you and your family through this transition we have compiled information to help you make the right decision & determine what level of care you or your loved one requires. Our only objective is to assist your family find direction,
​well being, and ultimately peace of mind.

We offer comprehensive resources to guide families through all of the senior housing options and elder
care needs. At Americas Top Assisted Living Resources LLC, We staff knowledgeable consultants helping
​seniors and their families make informed, educated decisions regarding all options available.
​
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An Arizona Based Company
  • Home
    • About
    • Contact Us
    • Blog
    • Articles
  • Living Options
    • In Home Care
    • Transition & Relocating >
      • Assessment Information
      • FAQ's
    • Assisted Living Home
    • Assisted Living Communities
    • Skilled Nursing Facility
    • Memory Care
  • Resource Directory
    • Assisted Livings
    • Independent Living
    • Resources
  • Paying For Care
    • ALTCS / Medicaid
    • V.A. Benefits
    • Medicare Insurance
    • Elder Law
    • Estate Planning
    • Retirement Planning
  • End of Life
    • Hospice >
      • Palliative
      • Earlier Admission Benefits
    • Funeral Services >
      • Preplan Your Funeral
      • Obituaries