Find out the difference between Medicare and Medicaid, who qualifies for Medicare and Medicaid, how much each costs, and which one pays for Assisted Living Communities and Nursing Homes
Category: Senior Financial and Legal Guidance
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Learn how to efficiently manage your finances when preparing to move into a Senior Living Community
Find out how to talk about money with your aging parents to provide care for them
With a significant portion of our country’s population aging faster than at any other period in history, it’s the perfect time to discuss how countless families (including yours) can afford quality senior care for loved ones
If you or your loved one live in an assisted living community, part or all of your assisted living costs may qualify for the medical expense tax deduction.
The cost to live in a senior living community ranges widely, but you can expect to pay between $2,000 to $12,000 or more a month. The majority of communities will fall between $4,000 to $8,000 in monthly fees, but this will depend on a variety of factors including the size of the apartment, the type of services needed, and the location of the senior living community.