Paying for Senior Living
Assisted Living costs vary from community to community and depend on the level of additional personal care services an individual may need or want. At Village at Proprietors Green, residents pay a monthly service fee. There is no buy-in.
Most residents pay for assisted living through a combination of savings and investments, the sale of real estate, participation in reverse mortgage programs, and sometimes their adult children offer financial support.
Potential Tax Benefits
Some assisted living costs may be tax deductible. Our flyer, Information on Tax Deductibility of Assisted Living Costs, answers many common questions about eligible deductions.
To maximize the affordability of assisted living, there are several programs available in Massachusetts to assist older adults. Village at Proprietors Green participates in this helpful program:
Aid & Attendance Benefit for Veterans & Surviving Spouses
Veterans and their spouses may receive benefits toward assisted living when they can fully document their need for medical assistance on a routine basis for certain physical or cognitive impairments. Residents must meet several criteria to be considered eligible.
For more information, contact your local Veterans Agent or the Village at Proprietors Green Sales Director.