Long-Term Care Insurance Deductibles Increase in ’11

Jesse Slome, executive director of the American Association for Long-Term Care Insurance (AALTCI), issued a release yesterday that says The Internal Revenue Service (IRS) has announced increased deductible levels for long-term care insurance policies that will be purchased in 2011. The deductible limits under Section 213(d)(10) for eligible long-term care premiums are as follows: If you are 40 years old or less you can deduct 0. More than 40 but not more than 50, you can deduct 0. More than 50 but not more than 60, you can deduct 70. More than 60 but not more than 70, you can deduct 90. Check with your tax professional.
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Emeritus Senior Living has partnered with Life Care Funding Group LLC to educate seniors about the financing options available for covering long-term care, including assisted living. Emeritus, one of the largest assisted living chains, entered the alliance to raise awareness of the Assurance Benefit offered by Life Care Funding, Portland, Me. The Assurance Benefit converts the death benefit of an active life insurance policy into a long-term care benefit to help pay for long-term care services. Said Jayne Sallerson, executive vice president of sales and marketing at Emeritus: “Many seniors and families are unaware that their life insurance policies are valuable assets and can be used in this way. And as a result some let active policies lapse. Frankly this is a policy I was unaware of and we will look to blog further about this in the future. Do your homework as well. Ask your insurance, tax and legal professionals about this.

Nursing Home Rates Rising – Only Will Get Worse 1

According to the MetLife Mature Market Institute, the average nursing home rate is 9 per day, or 585 per year. The increase follows a 3.3% increase from 2008 to 2009. The highest average daily nursing home rates are in Alaska; lowest in Louisiana. Rates for a private room in an assisted living facility rose 5.2%, on average, to 93 per month, or 516 per year. Rates for a private assisted living facility room rose by 3.3% last year. Look it is easier said than done but the burden of this care will fall on you. Health reform has pretty much ignored long term care. Don’t count on the CLASS Act for much. So back to my three principles – plan now for your older years emotionally, physically and FINANCIALLY.
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Veterans Aid & Attendance: Millions of dollars of Veteran Benefits are going unclaimed because families don’t know the money exists. Veterans could be entitled to over 00/month to pay for elder care costs. Many people are giving up on receiving these benefits in response to the VA’s unnerving process. What people also don’t know is you can STILL GET ALL THE BENEFITS without going through the Veterans Aid, or other “Veterans Aid” companies who easily take advantage of our Honorable Senior Citizens. There ARE financial experts working with Elder care Benefits who are really there to help you complete the process with ease, and getting people what they really deserve! Your Estate Coach is a Financial Planning firm with a unique niche. We help families determine the best way to pay for Assisted Living costs – no matter what the source. We are a family owned business that cares for our community. Let our family help your family, or the families you work with. www.yourestatecoach.com
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Long Term Care – Spotlight May 2010

www.producersweb.com The May Spotlight on Long Term Care discusses findings that adult day care and assisted living costs each grew by 12 percent this year, compared with 2009; the Fourth Medicare Supplement Insurance Forum; and the fact that a huge majority of Americans say their financial advisors have not mentioned long term care planning with them.
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Diamond Bar Assisted Living Facility

Diamond Bar RCFE assisted living/board and care facility

Researching Iowa Assisted Living Facilities: Inspections, Surveys, & Citations

Video by www.assisted-living-directory.com I would like to quickly show you two trusted, and very useful ways to find assisted living and senior care in Iowa, using the Iowa Center for Assisted Living’s “Facility Finder” page, as well as with the State of Iowa Department of Inspections and Appeals website. These are excellent ways to further your research into Iowa assisted living and senior care. I’ll also show you how to look up complaints and inspection reports for facilities throughout Iowa. Ok, so getting right into it – the Iowa Department of Inspections and Appeals has a great tool that you can use to find facilities throughout Iowa, and also discover what types of citations a facility may have received, and inspection reports. https On the DIA website, simply visit the “Entity Search” page, to bring up this useful tool. This tool will allow you to find information on Rehabilitation Agencies (Rehab), Assisted Living Programs for People with Dementia (ALP/D), Assisted Living Programs (ALP), Home Health Agencies, and more! Very simply, you can enter a facility name, type of facility, or choose the county or city, and then hit search. For this example, I will choose Polk County. As you can see, a list of 188 facilities within Polk County are displayed. For this example, I’ll choose a facility that also appears on our site, Assisted Living Directory. The information that comes up next is extremely helpful. Some of the basic information you’ll find about the facility
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The cost of assisted living may be deductible on Federal income tax returns. The IRS has certain guidelines to determine eligibility. The cost of housing and meals and certain personal care services may be deductible; the determining factor is generally the inability to perform at least two activities of daily living without assistance. These daily functions include such activities as eating, toileting, transferring, medication assistance, dressing, and bathing. A physician must certify in writing that the patient has been unable to perform these activities for at least 90 days. If you are paying for a resident to be in an assisted living care facility for the reasons above, you may be eligible for a deduction on your itemized tax return. The resident must qualify by criteria and must be related to the payer or have lived as a member of their household for an entire year. A parent must also be a citizen or resident of the United States, Mexico or Canada, and the child must have paid over 50% of their support for the year. The deduction may also be taken in the case of certain cognitive diseases such as Alzheimer’s disease or Dementia related diagnosis. Although many residents may not qualify under the “inability to perform to basic life activities” rule, they often require a substantial amount of care, oversight and guidance in order to insure their safety. Tax deductions for this care help to offset the cost and the financial burden on both the residents and family
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Assisted Living Crofton Gambrills Maryland

Autumn Meadows provides senior assisted living in Crofton / Gambrills, Maryland. Our senior living residences offer affordable high-quality care for your loved ones. Each of our residences provides seniors with both comfort and safety. Our Gambrills assisted living residences are located at 1260 Defense Highway, Gambrills, MD 21054 and 1262 Defense Highway, Gambrills, MD 21054 At Autumn Meadows our residents receive delicious, home-cooked meals, full laundry and housekeeping services as well as daily activities and entertainment. We also provide medical and therapy care, medication services and on-call medical assistance. Autumn Meadows is a non-profit organization which strives to maintain a dignified, independent lifestyle for our residents by providing all the comforts of home in a warm, caring and safe environment. All of our senior living facilities are located within the Baltimore, Maryland / Washington, DC area for convenient travel for family members. We invite you to visit our Gambrills, Maryland senior assisted living residences at your convenience. You can contact us directly by calling 301-262-0123 or visit our website at www.Autumn Meadows.org Additional Assisted Living Information Our Gambrills, Maryland Locations http Assisted Living Services Maryland www.autumnmeadows.org Assisted Living Costs www.autumnmeadows.org Contact Us Online www.autumnmeadows.org
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www.costofassistedliving.net Assisted living expert Jackie Wargo discusses the emotions and aggravations in choosing an assisted living facility for your parent or loved one. In addition she offers a free guide to assisted living that answers your questions about how to speak with your parents, how much assisted living costs, and how to chose the best facility based on your loved ones needs.

Assisted Living Bowie Maryland

Assisted Living Bowie Maryland provided by Autumn Meadows senior assisted living facility in Bowie, Maryland. Our senior living residences offer affordable high-quality care for your loved ones. Our Bowie, Maryland senior assisted living facilities are located at: 12619 Kavanaugh Lane, Bowie, MD 20715 and 12620 Kavanaugh Lane, Bowie, MD 20715 Each of our assisted living residences provides seniors with both comfort and safety. All residents receive delicious, home-cooked meals, full laundry and housekeeping services as well as daily activities and entertainment. We also provide medical and therapy care including medication ordering and administration, as well as on-call medical assistance. We specialize in diabetic care. Autumn Meadows is a non-profit organization which strives to maintain a dignified, independent lifestyle for our residents by providing all the comforts of home in a warm, caring and safe environment. All of our senior living facilities are located within the Baltimore Maryland / Washington, DC area for convenient travel for family members. We invite you to visit our senior assisted living residences at your convenience. You can contact us directly by calling 301-262-0123 or visit our website at www.AutumnMeadows.org Additional Assisted Living Information Our Bowie Maryland Location http Assisted Living Services www.autumnmeadows.org Assisted Living Costs www.autumnmeadows.org Contact Us Online www.autumnmeadows.org