Financial Planning
The pricing at TomMD will vary based on your living arrangements and the amount of care you need. You may be eligible for a number of benefits and services that can help offset your living costs.
Veteran benefits
If you are a US veteran or the surviving spouse of a veteran, you may be eligible to receive a federal monthly pension to help pay for personal care such as assisted living. Visit the U.S. Department of Veterans Affairs website to learn more.
Elderly Financial Services
Simple, convenient financing options are available from a recognized leader in financial services. Flexible line of credit options are ideal for those who need rent or care support while they wait for other benefits to begin or are in the process of selling a home.
Gift Tax Exemption
If your family members contribute to pay the costs for assisted living, they may take advantage of the IRS gift tax exemption. In 2020, individuals can provide gifts of up to $15,000 per person per year without paying a federal gift tax ($30,000 as a joint gift). Before making any financial decisions, we strongly recommend that you consult a tax professional.
