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It is tax time again, and I am getting quite a few inquiries regarding whether assisted living costs can be deducted from your taxes. My first step would be for you to discuss this with your accountant to get his professional advice. I have found the following information, courtesy of Kathleen Leahy, CarePatrol, that might be helpful. The majority of the one million American seniors living in assisted living communities pay the fees with their own money. With a monthly median cost of nearly $4,000, assisted living is a...
My mother is living in her home alone. When I went to visit her for Thanksgiving, her home was a mess. When do I know when it is not safe for her to be living alone? This year, I received more calls than usual regarding what families found when they visited their parents living alone. Elders can sound fine when you are checking in on them on the phone. It can be very hard to know from a distance when a relative is losing his or her independence. The following are things to look out for: Missed Appointments: Contact your...
What is a Form 602 and why is it important to have it completed before moving to assisted living? A Form 602 (better known as a Physicians Report) is a state-mandated report that needs to be filled out by the primary doctor. It asks questions about primary diagnosis, dementia diagnosis, allergies, and a plethora of other important items that caregivers in the assisted living facility need to know before they can create a care plan, or even accept the resident. It is basically the doctor saying, “This is my patient and here ar...
Question: I am a veteran and served during a period of war, are there any benefits to help me with assisted living costs? First, I would like to thank you for your service! Millions of honorably discharged veterans and their families are not aware of a little-known benefit called Veterans Aide and Attendance. This benefit can help veterans and their spouses pay for in-home care, and assisted living facility or nursing home care. It pays up to $2,169 a month, in addition to the monthly pension benefits. To qualify, you must...
My mom has been living by herself during the COVID pandemic, and I am noticing she is getting extremely forgetful. Does she have dementia? The fear of getting COVID has been very detrimental to the mental health of our seniors. Older adults who are socially isolated show more rapid cognitive decline than those who are in a social senior setting. Loneliness has been found to increase the risk of developing dementia exponentially, especially when there is a loss of a spouse (who used to bring much needed companionship). In fact...