Your Wellness Plan
Upon moving into your new Assisted Living home, you will have the opportunity to sit down with us as we tailor an individualized wellness plan for you and your needs. You maintain your life with freedom and integrity – we take care of the details.
Discover more about our Assisted Living Communities; contact us today. We are excited to welcome you to Pathway to Living.
At Pathway to Living, we are committed to help make Assisted Living affordable to those who choose to live in one of our communities. There are a variety of options available to help offset the out-of-pocket expense of living in an Assisted Living community.
This is a great cost saving option that provides all the benefits of living in our community at a more affordable cost with the added benefit of companionship and added security.
The Department of Veterans Affairs provides the Aid and Attendance pension to eligible wartime veterans and their surviving spouses. Find out more at www.vba.va.gov or ask our Lifestyle Specialist for information.
Accelerated Death Benefit – An Accelerated Death Benefit (ADB) is a benefit that can be added to your life insurance policy. It can provide cash advances against your death benefit while you are still alive. You can use this benefit if you have a terminal illness or need permanent care in a supportive assisted living, memory care or skilled nursing community. There might be spending limits (caps) on ADB policies.
Life Settlement – A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.
This type of private insurance policy can help pay for many types of long-term care, including both skilled and non-skilled care. Long-term care insurance coverage can vary widely. Some may include coverage for a whole rang of services like care in Assisted Living and medical equipment. Eligibility and premiums are generally based on the age and health of the insured.
Under the Health Insurance Portability and Accountability Act of 1996 (HIPAA), there are multiple tax credits and deductions available to seniors, the elderly and their families and caregivers. Most costs associated with medical care, assisted living, prescription drugs and medical equipment and supplies are deductible through various state and federal tax credits or deductions. Speak to your tax advisor for more information.