Are there any tax benefits for moving to Emerald Heights?
The IRS currently recognizes a percentage of both the initial Entrance Fee and the ongoing Monthly Service Fees at Emerald Heights as a medical expense deduction. As you consider a move to Emerald Heights, we encourage you to consult your personal tax adviser for more specific information on this potential benefit! I’m not sure I can afford to make this move. Many residents have found that when they do a side-by-side comparison of our monthly service fees with the costs of maintaining their homes, the amounts are similar. And, at Emerald Heights, your monthly service fee includes time-unlimited assisted living services, memory support/dementia care and skilled nursing care if and when you need it. At Emerald Heights, you’ll be free from many daily responsibilities of maintaining a home and enjoy more time to pursue hobbies, make new friends and get involved in community projects. One resident calculated what he and his wife would pay to remain safely in their house as they required add
