|
Veteran Benefits
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 $1,950 per month) to help
pay for personal care such as assisted living. For
application assistance please contact a Community
Relations Associate at Kris-Leigh Assisted Living.
Medicaid Waiver
The Medicaid Waiver available through the
state of Maryland is accepted at all three of our
communities based on availability, not guaranteed.
Please contact your local Department of Aging for more
information.
County Subsidy
Anne Arundel County offers a subsidy
program for senior living that will help ease the
financial burden of assisted living. The communities
that it applies to have to be no larger than 16 units,
our Gambrills location accepts this subsidy.
Life Insurance Liquidation
The liquidation of a life insurance
policy through a life settlement can act as a “funding
bridge” to help cover the costs of retirement and senior
living services when other assets such as a home or
stocks are underperforming or difficult to sell.
Gift Tax Exemption
Family members can contribute toward the
cost of assisted living and take advantage of the IRS
gift tax exemption. In 2009, individuals can provide
gifts of 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.
Auction Services
Kris-Leigh Assisted Living has partnered
with Auction Services, Inc. If you have real estate
and/or personal property that you would like to
liquidate quickly, our auction option can ease the
burden of selling furniture, cars and personal items.
Long-Term Care Insurance
It’s been proven that long-term care
insurance can tremendously ease the financial burden of
long-term care. It’s fairly simple to qualify and
premiums are based on when you get insured and how much
you need. Please contact Kris-Leigh Assisted Living for
a list of qualified brokers in our community.
Real Estate Lien
Sometimes we out live our liquid assets
and our home is our only source of income. Kris-Leigh
Assisted Living offers an option for a property lien
that will ensure payment for your healthcare needs.
Reverse Mortgage
Qualified mortgage specialists in our
localities can assist you in finding the right solution
when it comes to a Reverse Mortgage. Please contact our
Community Relations Director for a list of trusted
professionals. |
