Your Retirement Nest Egg - A Carton Full of Options

Yes, certain costs associated with assisted living may be tax-deductible, but it depends on your specific situation.If the assisted living costs are for medical care, they can potentially be deducted as medical expenses on your taxes. However, there are a few conditions:Medical Care Costs: The portion of the assisted living fees that are directly related to medical care (such as nursing services, personal care, and help with activities of daily living) can be considered a medical expense. These may be deductible if they are deemed necessary medical care.Eligibility: To qualify, your total medical expenses (including assisted living costs) must exceed 7.5% of your adjusted gross income (AGI) for the tax year.Non-Medical Costs: The cost of room and board (such as rent for the living space, food, and housekeeping) is generally not deductible unless it is tied to medical care.Long-Term Care Insurance: If you have long-term care insurance that covers assisted living services, the payments may also be deductible.Its a good idea to consult with a tax professional or accountant who can evaluate your specific situation and help you navigate the tax rules.For more information, contact www.seniorhousingsolutions.net 

Many Colorado Seniors and Disabled Adults are concerned about the recent funding discussions about Federal, not State, Medicaid changes, and how they might impact Long-term Care Medicaid benefits here in Colorado. There are 40+ different Medicaid programs in the State of Colorado alone, which are funded differently. Some of these Medicaid programs will be impacted by Trumps changes.At this time, it is important to know that the Medicaid changes imposed do not affect Long-term Care Medicaid in Colorado. If you are currently receiving Long-term Care Medicaid benefits or considering applying, you can rest assured that your eligibility, services, and coverage remain intact. Long-term Care Medicaid has already been funded for 2025, therefore nothing will change this year. In addition, there have not been any major changes to Colorado Long-term Care Medicaid in 20 years, and we dont foresee any changes now. In the meantime, if you have any questions about your coverage or need assistance navigating the Long-term Care Medicaid process, please dont hesitate to reach out to Beneficent. www.DoingGoodForOthers.com/contactus

Deciding to move into a senior living community can be exhausting with worry and stress. Some of these feelings stem from the myriads of senior living options available in your local community.        Do you know what to look for in a senior living community?         Will you remember to ask all the right questions?         Is there anything you should be aware of that will impact happiness or standard of living? Finding the right senior living community is a daunting task. This is why many use a senior living advisor to help. We make the entire process easy and stress-free by doing all the work and presenting you with the best options for yourself or a loved one. What is a senior living advisor? A truly dedicated advisor will be with you every step of the way- Literally. Make sure the advisor is going to be with you by your side when you are touring each community. Make sure you ask this question when you speak to choices of advisors, as not everyone does it even though they say they will. We do not -do the intake and send you on your way. That is considered information gathering not top-notch service.Senior living advisors specialize in helping families make senior living arrangements. Their knowledge and experience save you time and worry by doing all the research on your behalf and providing you with a list of best-fit facilities wholly based on your needs.        Your needs are the primary concern:        We respect your budget: How much you can afford and how you pay (such as privately funded, Medicaid, or long-term care insurance.       There is no cost for you for services: Like how real estate agents work, senior living advisors get a commission from the senior living community you or your loved one move into. You risk nothing financially from their services,        They pull back the veil: You could sift through brochures and websites for hours and still be unsure whether a specific location is the right fit. Senior living advisors know all sides of every community in their network and can advise you if a particular community has had violations reported to their state board.        If the person wants to relocate to a new town, the senior advisor can help provide you with the best options in that local area.         We work at your pace: You might be planning a move in a few months. Conversely, elderly loved ones might be discharged from a medical facility and require assisted living immediately. In both cases, your senior living advisor can react accordingly and provide options that suit your immediate or long-term needs based on their knowledge and experience.        You get suitable recommendations:        We offer a trusted partnership: Advisors work with you from the very beginning and continue to help right up until the move-in day. Thats because they truly act as trusted partners who are as interested in finding the best living arrangements for you or your elderly loved one  Do you need a senior living advisor? At Assisted Living Locators of Northern Co/ North Metro Denver, we specialize in matching local seniors with senior living or assisted living communities that perfectly align with living requirements.Our team together has over 40 years of Administrator experience in all levels of Senior Care, with work experience in Independent, Assisted and Memory Care, Skilled Nursing Homes, Marketing, and kindness Contact us now at 970-310-4307 Maureen Walker - Megan Slusser at 970-286-0015 mwalker@assistedlivinglocators.com - assistedlivinglocators.com/noco