Financial Planning Solutions
The pricing at Belmont Village will vary based on your living arrangements, the amount of care you need, and the number of services you choose to take advantage of. Also, you may be eligible for a number of benefits and services that can help offset your living costs.
If you are a US veteran or the surviving spouse of a veteran, you may be eligible to receive a federal monthly pension—up to $1,800 per month – to help pay for personal care such as assisted living. For application assistance please contact a Community Relations Associate at the Belmont Village nearest you.
ELDERLIFE FINANCIAL SERVICES
Simple, convenient financing options are available from a recognized leader in financial services. Flexible line of credit options are ideal for those who need rent or care support while they wait for other benefits to begin or are in the process of selling a home. Find out more at www.elderlifefinancial.com or call 1-888-228-4500 for details.
LIFE CARE FUNDING
You can also convert an existing life insurance policy to cover the cost of care at Belmont Village. This includes any type of life insurance—whole, universal, even term policies with no cash value. Qualifying is quick and easy, and there are no fees or obligations. To find out more, contact Life Care Funding at 888.670.7773 or visit www.lifecarefunding.com/blog/how-to-pay-for-senior-care.
GIFT TAX EXEMPTION
If your family members contribute to pay the costs assisted living, they may take advantage of the IRS gift tax exemption. In 2013, individuals can provide gifts of up to $14,000 per person per year without paying a federal gift tax ($28,000 as a joint gift). Before making any financial decisions, we strongly recommend that you consult a tax professional.
For more information about these programs, please contact a Community Relations Associate at the Belmont Village nearest you. Belmont Village is a Designated Assisted Living Provider of the NFL Player Care Plan.