Financial Options

At Inspired Senior Healthcare, we are very excited about all the available options seniors can use to pay for their assisted living and memory care. There are more options now than ever before, so no matter the unique circumstances of your situation, there just may be an option available for you or your loved one.

The more traditional options for payment – the selling of a home or savings accounts – may not be possible for some, or simply may not be enough to cover the long-term expense. We have taken the time to put together a list of some of the other options out there for seniors to take advantage of, so please look through the list to see if any of the programs might be right for you.

Veteran’s Benefits

http://www.benefits.va.gov/persona/veteran-elderly.asp

The United States Department of Veteran’s Affairs defines the benefits available to senior veterans. War veterans and their spouses may qualify for nearly $2,000 per month to help pay for assisted living or other non-reimbursed medical care through their Aid & Attendance Program.

You can learn more about financing senior care through veteran’s benefits by contacting your Veterans Regional Office at 1-800-827-1000.

Tax Benefits

https://www.irs.gov/publications/p502/ix01.html

The United States Internal Revenue Service (IRS) offers tax deductions for some of the costs associated with senior care for the resident and their family caregiver. Inspired Senior Healthcare does not provide tax advice. We recommend reaching out to your personal accountant or financial advisor for guidance in financing assisted living services.

Please feel free to contact Inspired Senior Healthcare to speak with one of our helpful, knowledgeable staff to learn more about all the options available for paying for you or your loved one’s stay with us. Our pricing is highly competitive and worth every penny when you see the difference we make in you or your loved one’s quality of life. Our doors are always open if you feel like visiting, so come by and meet our teams and residents in our communities!

All content contained within this page is for general information only, and should not be treated as a substitute for advice and information from a personal financial or tax advisor. Inspired Senior Healthcare is not a provider of financial products or financial and tax advice, and does not endorse or take responsibility for the accuracy of the information contained on the websites above or receive incentive compensation from the products listed here. Individuals should consult with their personal financial or tax advisor for advice about what financial options are best for them.

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