According to US News and World Report, approximately 70% of all people aged 65 and older will require long-term care at some point in their lives. Long Term Care includes, nursing homes, hospice care, rehabilitation care and Assisted Living Centers. Unfortunately, costs for such care averages over $2,000 per month and significantly higher for Alzheimer’s care.
With cost being one of the largest concerns for people seeking senior living, we want to help caregivers get the most money that they can for their efforts. Below talks about a federal tax credit for elderly dependent care for caregivers. If you want additional information, it can be found here.