States With the Highest and Lowest Assisted Living Costs

         Today, 58 million adults in the United States are 65 and older. Seniors make up more than 17 percent of the American population. The U.S. Census Bureau expects this number to reach 83.7 million by 2050. Meanwhile, one in every seven older adults must rely on long-term care services in their later years. As a result, […]

Assisted Living vs. Nursing Homes: What’s the Difference?

         Assisted living facilities and nursing homes are long-term housing and care options for older adults. Although people sometimes use the terms assisted living and nursing home synonymously, they are distinct. Understanding the differences between assisted living and nursing homes is critical for those considering where to live as they age. This is because assisted […]

Tax Deductions for Assisted Living Costs

If you or a family member lives in an assisted living facility, you know that assisted living costs continue to rise every year. But did you know some of those costs may be tax-deductible? Medical expenses, including some long-term care expenses, are deductible if the expenses are more than 7.5 percent of your adjusted gross income.  […]