Morristown Assisted Living Financial Assistance
Making cents of money matters
We’re unlocking financial solutions for assisted living to provide confidence and security for seniors and families. In today’s world, that says a lot.
The uncertainties of life can get in the way of even the best laid plans. Today’s volatile economy has affected us all and brings unprecedented challenges to seniors and families who are preparing the move to a senior community. At Regency Retirement Community, we recognize these challenges and offer financial solutions to assist residents in moving forward with confidence.
Life Care Funding Group
Did you know a life insurance policy can be converted to pay for care with Regency Retirement Community? Life Care Funding can help fund your care by converting your existing life insurance policy into an immediate Long Term Care Benefit Plan. Qualifying is quick, easy and there is no obligation or fee to apply. To learn more about how Life Care Funding can help fund your stay at Regency Retirement Community, please call 423.581.7075.
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 with personal care such as assisted living. For more information, please contact our community consultant at 423.581.7075.
Gift Tax Exemption
Family members can assist in covering the cost of assisted living while taking advantage of the IRS gift tax exemption. In 2009, individuals can provide gifts up to $13,000 per person per year without paying a federal gift tax. Consultation with a tax professional is strongly advised before making financial decisions.
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 are in need of rent support while waiting for other benefits to begin or are in the process of selling a home. Find out more by calling 423.581.7075 for more information.
Elder Resource Benefits Consulting
It can be challenging and overwhelming to determine the costs of senior care on your own. Elder Resource Benefits Consulting provides insight into state and federal programs for seniors. For more information on long term care or assisted living payment options, please call 423.581.7075.
For more information about these programs, please contact a community consultant at 731.661.9888.
For additional information on Alzheimer’s and aging, please visit the following resources:
Alzheimer’s Disease Education and Referral Center
Alzheimer’s Reading Room
National Institute on Aging
Administration on Aging
National Council on Aging