Financial Options

Trusted financial options for your retirement living

Village Concepts is completely committed to crafting financial options that help seniors and their families enjoy an affordable senior living experience.

Elderlife Financial Services
Veterans Pension Benefits
Real Estate Options
Tax Deductions


 

ELDERLIFE FINANCIAL SERVICES

Village Concept has partnered with Elderlife Financial Services to provide prospective residents and their families, a loan to bridge the gap in funding a move to a Village Concepts Retirement Community.

For many families, a flexible payment option is the best way to access senior living.

No waiting for a house to sell. No waiting for the housing market or the financial market or the financial markets to rebound.

No waiting for Veteran’s benefits to arrive.

With the Elderlife Line of Credit there is no waiting… period.

The Elderlife Line of Credit has been featured in the Wall Street Journal, SmartMoney Magazine, Kiplinger’s Retirement Report, American Health Care Association Magazine and the Chicago Tribune. Because it’s a smart move in tough financial times.

With the Elderlife Line of Credit:

  • Access care immediately.
  • Use what you need only as you need it.
  • Simple application. Fast decision.
  • Up to six family members can support the application.
  • Affordable monthly payments.
  • Easy family record keeping. Funds sent directly to the community each month.
  • Make the move to senior living without forced financial decisions.

 

Call an Elderlife counselor today. They work closely with us and can answer any questions your family may have. They can help determine if the Elderlife Line of Credit is the right financial option for you.

The Elderlife Line of Credit. Fast. Smart. Secure.

Toll Free: 1.888.228.4500 | www.elderlifefinancial.com

 


 

VETERANS PENSION BENEFITS [^ Back to top]

Understanding the Aid and Attendance Special Pension

The Veteran’s Administration offers a Special Pension with Aid and Attendance (A & A) benefit that is largely unknown. The Aid and Attendance (A&A) Special Pension is a benefit that may be available for veterans and/or surviving spouses, who are at least 65 years old, to assist with the cost of long term care. This is a “pension benefit” and is not dependent upon service-related injuries for compensation. Most Veterans who are in need of assistance qualify for this pension. Aid and Attendance can help pay for care in the home, nursing home or assisted living community.

How quickly would I receive the benefit? The average processing time by the VA averages 6-9 months. However, the VA does pay retroactively upon approval from the date of the application. The recipient is paid directly from the VA. The maximum benefit is currently $2,632 per month.

Your VAA professional member:

Mahala Murphy-Martin
(206) 922-2453
www.vetsmatter.org | Email

Nikki Leith
(425) 670-1560
www.traciewalllaw.com | Email


 

REAL ESTATE OPTIONS [^ Back to top]

SASH

SASH was designed to take the stress out of the home sale. It is a service exclusively for senior homeowners and their families. If you sell your home to us, you can rest assured knowing exactly what comes next. Since we are the buyer of your home, we can tailor the sale around your specific needs and plans.

Toll Free: 1.888.400.SASH |  www.sashprogram.com



 

TAX DEDUCTIONS [^ Back to top]

Under the federal Health Insurance Portability and Accountability Act (HIPAA), seniors may be eligible to deduct portions or all of assisted living costs as a medical expense, for Federal income tax purposes.

All costs related to senior care may be deductible if the resident is unable to perform (without substantial assistance) at least two activities of daily living (such as eating, bathing, dressing, etc.) or who require substantial supervision to protect the individual from himself or herself because of severe cognitive impairment.

We encourage you to fully explore this opportunity and seek the advise of your tax advisor.

 
 

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