Faqs

Online Resources for Seniors

We understand that financial challenges can stand in the way of making the best healthcare decision. We want to help you explore solutions by offering access to helpful resources.

Tax Deductibility

An individual can deduct from taxable income certain medical expenses associated with living in nursing facilities, personal care homes and assisted living communities for the purpose of receiving medical care. This deduction may be applicable for adult children or certain other relatives who are paying a portion or all of a resident’s costs associated with living at Woodland Ridge. Consultation with a tax professional is strongly advised before making financial decisions.

CONTACT US for more information.

ElderLife elderlifelogo1

ElderLife offers flexible line of credit programs that are ideal for those who need supplemental funding for senior living while they wait for other benefits to begin or are in the process of selling a home. These simple, convenient financing options are available to both residents and families.

Visit: www.elderlifefinancial.com

Lifecare_Funding_logoLifeCare Funding

LifeCare Funding assists residents in liquidating life insurance policies through a Life Settlement program, which can assist in helping cover the costs of senior living when other assets such as a home or stocks are difficult to sell or are underperforming.

Visit: www.lifecarefunding.com

Companion Living

Companion suites give residents an affordable roommate option without sacrificing any amenities, programs or services at Woodland Ridge. Find out more by contacting a representative at Woodland Ridge.

Contact us for more information. 

Senior Relocation

SeniorRelocationUSA.com has partnered with Cartus, the world’s largest relocation company, to offer a program to help seniors sell their home and make a smooth transition to a senior living community at no additional cost.

Visit: www.seniorrelocationusa.com for more information.

Veterans Benefits

Veteran’s benefits are available for U.S. veterans or the surviving spouses of a veteran. If you are eligible, you could receive a federal pension of approximately $1,949 per month to help pay for personal care such as assisted living.

Contact us for more information, or visit www.VeteranAid.org.

Suggested Reading to Help Understand Care Options and Learn How to Begin Difficult Conversations

With so many different options for care, how do you know which is best for your loved one? What’s the difference between home care and home health? What’s the difference between a nursing home and assisted living? What can I do when my parents refuse to talk about making a move? We’ve developed e-books that can help you with these questions. Access our e-books here:

Starting the Conversation

Navigating Care: A Roadmap

We’ve also compiled a list of books that are helpful in terms of understanding an aging loved one’s perspective, coping with caregiving, making end-of-life decisions, and understanding more about dementia. Reading materials can be a great resource, and don’t forget that The Springs staff is always available for a face-to-face chat to assist with any questions.