To see more information about The Auberge at Aspen Park, CLICK HERE
An assisted living facility is a long-term senior living option for older adults who need support with activities of daily living (ADLS), such as personal care, medication management, bathing, dressing, and toileting.
Rather than round-the-clock care though—like in a nursing home— assisted living can help fill in the gaps on an as-needed basis while still allowing the senior to enjoy an independent, engaging, and purposeful life!
According to the Genworth Care Survey, the average annual cost of a private one-bedroom in an assisted living community is $51,600, with a daily median rate ranging between $99 to $220 per day (depending on the state).
We know that there can be some sticker shock when viewing those numbers, but it’s important to understand the full scope of service that you receive for the cost. For example, these rates cover housing, personal care services, and overall support for someone who is precious to you—and you can’t put a price tag on that!
Fortunately though, you can still take part in some tax benefits that may be able to offset this bottom line cost. Learn more about this below or speak to a representative at Frontier Management for more information today.
Yes, if you live in an assisted living facility, you can generally write off a number of medical expenses included in the fees for assisted living as well as other qualified long-term care services on your taxes—with some qualifications and restrictions, of course.
In addition to this, the federal government also recognizes the financial burden on family members who help pay for assisted living for a loved one. That means that if you have a senior dependent in assisted living that is considered a dependent, then you may be able to take this deduction.
Or if you contribute more than 10% in support as part of a “multiple support agreement” that pays 50% or more of the resident’s support, you may also still be eligible for the deduction.
The IRS usually considers a qualifying relative to be a father, mother, grandparent, mother-in-law, father-in-law, stepmother, or stepfather. Here is information about claiming a parent as a dependent.
Any qualifying medical expenses that make up more than 7.5% of an individual’s adjusted gross income can be deducted from taxes, and you can only claim care expenses that you paid during the 2020 tax year.
For example, if your AGI was $50,000 last year, then you can claim the deduction for the amount of medical expenses that exceed $3,750.
As this is different than previous years in which the floor was set at 10%, taxpayers should learn more about all of the requirements to qualify for the medical tax deduction in the year 2020.
Requirements for Assisted Living Tax Deductibility
To deduct certain medical expenses, an assisted living resident must meet the following criteria:
A licensed health care practitioner, doctor, or nurse must certify that the resident is chronically ill; unable to perform a minimum of two activities of daily living (bathing, continence, dressing, etc.) on their own; or if they need substantial supervision because of dementia, Alzheimer’s disease, or another severe cognitive impairment for 90 days.
A plan of care must be prescribed by a social worker, doctor, or nurse. Most assisted living communities develop a plan of care using medical evaluation from a licensed healthcare provider, a needs assessment, and input from the resident and caregiver.
However, even if a resident does not meet the definition of “chronic illness,” they may still be able to deduct medical expenses, including entrance fees. Assisted Living communities and tax advisors are aware of these deductions and can provide specific information to help you or a loved one.
What Assisted Living Expenses are Tax Deductible?
Medical expenses generally make up at least a portion of the monthly service and entrance fees at assisted living communities. For some residents, the entire monthly rental fee might be deductible, while for others, only specific personal care services would qualify for a deduction.
Although you can’t deduct general health expenses, such as health club dues or vitamins, you can deduct many types of professional medical fees. Some common assisted living medical expenses that can be written off include:
Assisted Living Tours: Find the Right Fit for Your Loved OneBy: Country Meadows | Assisted LivingWe spend our entire lives raising families, managing households, working, balancing checkbooks and making countless decisions. As we age, these everyday duties can become more and more challenging. Making a well-informed and thoughtful choice about assisted living for yourself or a loved one is a significant decision that can impact overall well-being. Too often people wait until a crisis occurs, necessitating a quick decision when selecting senior living. Preparing for assisted living by researching options and taking assisted living tours allows individuals to thoughtfully select senior living accommodations.There are many reasons why visiting and taking assisted living tours in advance are important.Facility atmospherePaying visits and taking in-person assisted living tours allow you to see for yourself the overall atmosphere and ambience of the community. This includes noting cleanliness and the layout as well as the general feeling of the environment. This firsthand experience can provide insights into whether a community is a good fit for personal preferences and comfort.Staff interactionDuring assisted living tours, meeting staff members and interacting with current residents can provide valuable insights. Note the level of professionalism, friendliness and responsiveness of the staff while gauging the overall satisfaction and happiness of residents. Pay attention to staff achievements and organizational awards such as certifications in programs that recognize great places to work.Establishing relationships with co-workers and management during a visit provides customers with insights as to the teams willingness to communicate and work with residents and their families, fostering a sense of trust and confidence in the care to be provided.Services and amenitiesAssisted living communities offer various services and amenities. By visiting and taking assisted living tours, you can personally evaluate the quality and context of services offered, such as dining options, activities, care, transportation and other options. This helps ensure the facility meets specific needs and expectations.Care philosophyEvery assisted living community may have a unique approach to delivering care. By visiting and taking assisted living tours, you can ask thoughtful questions and gain a better understanding of the facilitys care philosophy to determine if it aligns with expectations.Safety and accessibilityTaking assisted living tours helps seniors assess safety and accessibility features in a community. This may include building layout, emergency response system options and general safety measures and policies. Understanding these aspects is vital for ensuring a secure living environment.Stress and anxietyKnowing and being familiar with potential living arrangements in advance reduces the stress and anxiety associated with making urgent decisions. Taking assisted living tours provides familiarity with the location and offers a sense of security during what can be a challenging time.Good fitUltimately, assisted living tours help prospective residents ensure the community is a good fit for individual wants and needs. Factors such as cultural compatibility, community engagement and overall feel of the environment is subjective and only can be assessed through direct experience.Time for questionsDuring assisted living tours, visitors have the chance to ask questions and seek clarification about various aspects of what everyday life will be like in the community. This helps individuals obtain detailed information about policies, costs and other factors that help customers make informed decisions.Plan for the futureVisiting and taking assisted living tours before a crisis allows individuals opportunities for better long-term planning. It provides the time to explore different options, compare facilities and make decisions based on careful consideration rather than under the pressure of urgent circumstances.Country Meadows
Pet Friendly Senior Living Benefits All Animal LoversBy: Country Meadows | Senior LivingThe bond between humans and animals is complex and deeply rooted. Studies have shown time and time again that animal companions can offer numerous benefits for people of all ages and can be a valuable tool in healthy aging. In pet friendly senior living, furry friends enhance the overall quality of life for residents.Some retirement communities like Country Meadows offer pet friendly senior living. For residents who dont have a pet of their own, each campus has house pets for everyone to love, spoil and enjoy. And Dynamic Living teams plan visits to and from animal rescue groups, volunteer opportunities to make pet toys and treats and special events such as dog weddings and furry sweethearts.Pets provide many benefits, including:CompanionshipPets provide companionship and emotional support, reducing feelings of loneliness and isolation that some seniors may experience. A pet friendly senior living community provides many opportunities to interact with animals, whether individual pets or therapy animals.Stress reductionInteracting with pets has been shown to lower stress levels and promote relaxation, which can be especially valuable for seniors dealing with the challenges of aging. Staff at a pet friendly senior living community can help older adults provide care for beloved furry friends when needed.Physical activityHaving a pet encourages regular physical activity, such as walking dogs or playing with cats, which can help seniors stay active and maintain a healthier lifestyle.Social interactionPets can serve as conversation starters, fostering connections between residents and encouraging social interactions within the community. At pet friendly senior living, meeting neighbors animals is a great way to break the ice, start conversations and make new friends.Routine and structureTaking care of a pet can establish a daily routine and provides a sense of purpose, providing responsibility and stability.Improved mental healthSeveral studies have shown that pets boost mood and reduce symptoms of depression and anxiety, contributing to overall mental well-being. Pet friendly senior living provides many opportunities for residents to interact with animals, whether the pet lives on campus, is visiting or is part of an educational presentation.Cognitive stimulationInteracting with pets can stimulate cognitive functions, such as memory and problem-solving skills, which are essential for maintaining mental sharpness in our later years. Activities involving animals are effective in helping residents living with dementia in pet friendly senior living.Even if a resident chooses not to own their own furry friend, various animal-related activities are planned to provide opportunities for seniors to interact with pets. Some of these activities include:Pet therapyAnimals certified in therapy, such as dogs, cats, rabbits, birds and even reptiles, visit pet friendly senior living communities to interact with residents. Therapy animals are known for their gentle temperament and are specifically trained to provide comfort and companionship. Residents can pet, cuddle or simply spend time with animals.Educational presentationsSome pet friendly senior living facilities invite animal experts to bring a variety of animals such as exotic birds, reptiles, small mammals and others, for residents to interact with and learn about.Volunteer opportunitiesMany residents at pet friendly senior living communities enjoy supporting local animal rescues. At Country Meadows, residents make dog biscuits for local shelters as well as toys and treats. And residents look forward to visiting shelters in their respective areas to donate items in person and meet shelter residents.BirdwatchingRegardless of whether or not one lives at a pet friendly senior living community, birdwatching is a fun opportunity to observe and enjoy local birds. At Country Meadows, residents often enjoy birding walks during which experts point out different birds, talk about their unique traits and educate residents about local habitats.Special activitiesPet friendly senior living communities like Country Meadows are able to offer unique interactions with various types of animals. At Country Meadows of Wyomissing, residents enjoyed a therapeutic puppy yoga session, which was more about cuddling than yoga. At the Forks in Easton location, residents spent their Valentines Day receiving pooch smooches from local shelter dogs, while at Country Meadows of Wyomissing, residents were invited to attend a doggie wedding.AquariumsHaving an aquarium in common areas or resident apartments can be therapeutic. Watching colorful fish swim can be relaxing and help reduce anxiety and stress. Aquariums often can be found regardless of whether or not a community offers pet friendly senior living.Pet friendly living at Country MeadowsWith research demonstrating that seniors benefit from regular animals, Country Meadows offers pet friendly senior living at each of its nine locations in Pennsylvania and one in Frederick, Maryland. Please contact us today to request information or to schedule a visit to meet our residents-human, canine, feline and avian! We look forward to meeting you.
Informed Decisions: Benefits of Professional Senior Living AdvicePosted: February 22, 2024 , in My Care Advisors PodcastFor older adults, few decisions carry as much weight as selecting the ideal Assisted Living Community to meet their needs. With a staggering number of nearly 31,000 Assisted Living Communities across the U.S., the task of finding the perfect match can feel daunting, overwhelming, and emotionally draining.However, enlisting the expertise of a seasoned senior living advisor can help alleviate these burdens. By partnering with a knowledgeable professional who comprehensively understands the continuum of senior care options, tailored to individual needs and preferences, you can navigate this pivotal transition with confidence. Such advisors not only ensure the quality of life for you or your loved one but also offer invaluable support throughout every step of the decision-making process. From clarifying intricate details to providing emotional reassurance, their guidance proves indispensable in securing a comfortable and fulfilling living arrangement for seniors.Click to listen to this episode:Tune in for insights and resources from Tracy Toomer, Certified Senior Advisor and Owner at CarePatrol Collin County-Central.About Tracy Toomer:Tracy Toomer is President and Owner of CarePatrol of Collin County. CarePatrol is the nations largest senior care solutions franchise in the United States. Through more than 200 offices in 35 states, local senior advisors provide a free service in helping families find quality, top-rated assisted living, independent living, memory care, and in-home care.Toomer is a seasoned business executive with more than 25 years of experience in the specialty retail, grocery, restaurant, fitness and now in senior healthcare. In recent years Toomer served as vice-president of operations for the largest Planet Fitness Franchise, with over 168 locations in 14 states. There she built an operations team of seven regional directors and grew from 69 gyms to 168 gyms through two acquisitions and organic growth.Toomer holds a Certified Senior Advisor (CSA) designation awarded to qualified, multidisciplinary professionals serving older adults. Tracy is active in the senior community and brings a creditable and important voice to finding safer senior living. Each month, Tracy facilitates mental aerobics at the Wellness center for Older Adults in Plano, Texas.In 2022 Tracy earned the Compassion Ambassador Award from CarePatrol Franchises, LLC amongst her 180 Franchise peers. Her dedication to the families and those living with dementia inspired the Franchisees to do more; to contribute more for a huge segment of their client base.Tracy Toomer is a proud southern California native but currently resides in Allen, Texas with her parents and four-legged brother Bruno. Show/Episode Notes:Learn what the role of a Senior Living Advisor means and some of the services they offerDiscover how working with a Senior Living Advisor can help you navigate the complicated world of Assisted LivingHear about the importance of working with a Senior Living Advisor to avoid potential dangers or hazardsWalk away with tips and tricks from Tracy Toomers past experiences Determine some of the resources available to you and where to find them
The Auberge at Aspen Park is a community specifically designed to serve the needs of individuals living with Alzheimers disease, dementia and other forms of memory loss. At The Auberge, residents enjoy an active, engaging lifestyle that promotes wellness and independence. It is our goal to keep our residents linked to resources and opportunities that fulfill their needs and interests. Residents have opportunities every day to participate in a variety of life-enriching activities and events designed to stimulate the mind, body, and soul. Our talented team of dedicated and caring staff are there when you need them. Its Inspired Living Reinvented!