Assisted Living Care

Unfortunately, we do not provide furniture for our units. But we do have a fantastic relationship with Bobs Furniture in Bridgeport. They have put together a bundle for us at a discounted price. We are more than happy to help families get the rooms set up and make the move as easy as pie. 

Yes, we do! We offer 30/90-day trial period stays. This gives the resident time to see what it is like to be a part of our community. It also gives the family a chance to find closure and assure them that they are making the right decision for their loved ones.

Over one million seniors live in Assisted Living communities across the United States and many of them pay their monthly fees with their own financial resources. The good news is that some or all the costs of Assisted Living and Alzheimer’s care may be tax deductible.
These are the basic rules concerning the tax deductibility of Assisted Living and Alzheimer’s care expenses:

According to the 1996 Health Insurance Portability and Accountability Act (HIPAA), “long-term care services” may be tax deductible as an unreimbursed medical expense on Schedule A. Qualified long-term care services have been defined as including the type of daily “personal care services” provided to Assisted Living residents, such as help with bathing, dressing, continence care, eating and transferring, as well as “maintenance services”, such as meal preparation and household cleaning.

Assisted Living residents seeking tax deductions for their services must qualify as “chronically ill”. This definition refers to seniors who are unable to perform two or more “Activities of Daily Living” (eating, transferring, bathing, dressing and continence) without assistance, or who need constant supervision because of a “severe cognitive impairment” such as Alzheimer’s disease or related dementias. The Assisted Living resident must have been certified within the previous 12 months as “chronically ill” by a licensed health care practitioner.
In order to qualify for a deduction, personal care services must be provided pursuant to a plan of care prescribed by a licensed health care practitioner. Many Assisted Living communities have on staff a licensed nurse or social worker who prepares a plan of care, sometimes called a “Wellness Care Plan,” in coordination with the resident’s physician which outlines the specific daily services the resident will receive in the community.

In order to take advantage of deductions, a taxpayer must be entitled to itemize his or her deductions. Additionally, long-term care services and other unreimbursed medical expenses must exceed 7.5% of the taxpayer’s adjusted gross income. (Generally, a taxpayer can deduct the medical care expenses of his or her parent if the taxpayer provides more than 50% of the parent’s support costs.)
For some Assisted Living residents, the entire monthly rental fee might be deductible, while for others, just the specific personal care services would qualify for a deduction.

4 IMPORTANT FACTS ABOUT TAX BREAKS & ASSISTED LIVING SOME OR ALL OF YOUR COSTS MAY BE TAX DEDUCTIBLE

Questions often arise about the cost of assisted living and whether any of those costs are tax deductible. While you should speak with a tax professional for advice specific to your situation, these four basic principles concerning tax deductibility of assisted living expenses can help you navigate through your filing questions.

#1: PERSONAL CARE SERVICES MAY BE DEDUCTIBLE

According to the 1996 Health Insurance Portability and Accountability Act (HIPAA), “long term care services” may be tax deductible as an unreimbursed medical expense on Schedule A. Qualified long-term care services have been defined as including the type of daily “personal care services” provided to assisted living residents, such as help with bathing, dressing, continence care, eating and transferring, as well as “maintenance services”, such as meal preparation and household cleaning.

#2: ASSISTED LIVING SERVICES MUST BE MEDICALLY NECESSARY

Residents seeking tax deductions for their services must qualify as “chronically ill”. This refers to seniors who need assistance with two or more activities of daily living or who need constant supervision because of a cognitive impairment such as Alzheimer’s disease or related dementias.

#3: YOU NEED A PERSONAL CARE PLAN

In order to qualify for a deduction, personal care services must be provided pursuant to a plan of care prescribed by a licensed health care practitioner. In assisted living communities, the service plan can meet this criterion.

#4: DEDUCTIONS MUST BE ITEMIZED

In order to take advantage of deductions, a taxpayer must be entitled to itemize his or her deductions. Additionally, long-term care services and other unreimbursed medical expenses must exceed 7.5% of the taxpayer’s adjusted gross income. (Generally, a taxpayer can deduct the medical care expenses of his or her parent if the taxpayer provides more than 50% of the parent’s support costs.) For some assisted living residents, the entire monthly fee might be deductible. For others, just the specific personal care services would qualify for a deduction. Speak with an income tax advisor to get clarification about your personal situation.

For more information: https://www.seniorlivingresidences.com/finance-book/