Get Informed:
Financial Considerations for End-of-life Care

Financial issues are among the greatest concerns many people have about end-of-life care. Paying for doctor visits, hospitalization, equipment, medication, long-term care and more can be very expensive. Caregivers can be particularly burdened, carrying the additional load of providing physical care at the expense of taking care of themselves and their own lives.

The good news is that there are resources and benefits available that can help with the expenses of end-of-life care for you or your loved one.

How is hospice care paid for?

Hospice care is covered a number of ways: through the Medicare Hospice Benefit, the Medicaid Hospice Benefit, and most private insurance plans.

What programs are available for older persons with limited income and assets?

For those with limited income and resources, programs may be available to help with your expenses. Social Security and the Supplemental Security Income programs provide benefits to eligible individuals with limited incomes and assets who are blind, disabled or 65 or older. Veterans' benefits and services may be available through the Department of Veterans Affairs, or VA. Meals on Wheels can also provide in-home meal services.

Health benefit programs are offered through the federal government's Centers for Medicare and Medicaid Services, while other programs are available that help eligible low-income seniors pay all or part of Medicare premiums. Medicaid may cover some of the medical costs that Medicare does not cover, including, in certain cases, long-term care and/or home health services.

Tax credits are available that can benefit certain taxpayers with limited incomes, and some of the expenses of long-term care are tax deductible as well. Consult a qualified accountant to find out if you are eligible for tax deductions or credits.

What about funeral arrangements?

Funerals are among the most expensive purchases many people will ever make. Often, people find great peace of mind in pre-planning funeral arrangements, alleviating their loved ones of this task and allowing them to more fully enjoy their time with family and friends. Thinking ahead can help you make more informed, thoughtful decisions.

For more information that can help you make plans that are right for you and your loved ones, visit www.ftc.gov/bcp/conline/pubs/services/funeral.htm.

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Call 904.268.5200 for general information or 904.596.6500 for referral and admissions information.
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