Paying for Senior Care and Living Costs
Now with a better idea of which path fits best, let’s explore options on how to take care of the financial side of things.
Click these links below to see what the loved one might qualify for, so that numbers can become as reasonable as possible:
If none of the above apply, you can take a look at some of the following articles that might help. Often times, people initially fear the financial challenges, only to find tremendous relief when they discover high quality, affordable options:
Finally, there is potential to enjoy tax relief benefits for certain types of senior living scenarios. While we’re not legally allowed to give tax advice, a trusted taxation accountant should give you expert guidance here. To prepare for that conversation, have a look at this IRS document that lists expenses that can be deducted to potentially save you a substantial amount of money.