These economic times have been challenging for many of us, and, unfortunately, our senior citizen community has not been exempt. For many, it can be a challenge to figure out how to pay for long-term care.
The website "Paying for Senior Care" includes a very useful Resource Locator Tool that gives seniors access to a free, searchable database of financial assistance programs and options that help pay for or reduce the cost of eldercare.
The locator includes resources from:
- Federal, state, and local governments
- Non-profits and foundations
- Veterans benefits and pensions
- Insurance-based options
- Home equity options, such as reverse mortgages
- Respite care programs
- Tax deductions and credits
Related Link:
Resource Locator Tool for Senior Care