Financial Solutions for Elder Care Alliance Living

We are committed to providing referrals to senior services regardless of an individual’s economic means. There are many services available now to help residents and their families with more affordable options. We feel all seniors deserve a quality lifestyle and a place you can call home. If you or someone you know would like to live at an Elder Care Alliance community but needs financial assistance, the following resources may be helpful to you.

Companion and Studio Living. There are many ways to enjoy an Elder Care Alliance community at lower monthly rates without sacrificing any of our amenities, programs, or services. Roommates can enjoy a shared suite, or you can opt for a private studio apartment. Please let us know if you are interested in either of these options and we can refer you to the Elder Care Alliance community that best fits your needs at a price you can afford.

Veteran Benefits. If you are a veteran or the surviving spouse of a veteran, you are eligible to receive a federal monthly pension to help pay for personal care such as assisted living. Two veterans who are spouses are eligible for up to $2,500 in monthly benefits; a veteran who is currently married is eligible for up to $1,900 monthly, single veterans are eligible for up to $1,600 monthly, and surviving spouses are eligible for up to $1,000 monthly. To find out if you qualify, call the local senior Veteran’s Advocate at Heritage Financial North at 1.888.579.0429, or visit them online at www.HeritageFinancialNorth.com.

Gift Tax Exemption. Family members can contribute toward the cost of assisted living and take advantage of the IRS gift tax exemption. In 2009, individuals are able to provide gifts of up to $13,000 per person per year without paying a federal gift tax. For more information, please consult your tax advisor.

For more information about any of these programs, please contact a Community Relations Director at your local Elder Care Alliance community.

Please note that Elder Care Alliance neither endorses nor requires the exclusive use of the following service providers. Before making any decisions, families are strongly encouraged to research all options available to them and to discuss their options with their financial, tax, and legal advisors.