Guaranteed access to care
If you outlive your resources for reasons outside your control and are unable to pay your monthly service fee, you are still assured of priority access to on-site health care, and your children will not be saddled with the financial burden.
Several IRS rulings have established that a portion of a life care community entrance fee and monthly service fees are deductible as prepaid medical expense. These health care tax deductions are only available through life care communities like Miralea. Discuss your individual tax situation with your personal tax advisor.
Complementary with long-term care insurance
If you have a long-term care insurance policy, your policy will work hand-in-hand with life care and pay earned benefits directly to you. Consult your insurance carrier or agent for specific answers regarding your individual policy.