A legal Checklist for Family Caregivers #5: Look for tax breaks and life insurance deals
Your family member may be able to claim federal tax deductions for many health care costs, including a hospital bed or wheelchair; out-of-pocket expenses not covered by health insurance; remodeling the home to make it accessible; and hiring a short-term or part-time home health aide to provide respite for the main caregiver. Save receipts for medical expenses.
Also, find out whether your loved one has a life insurance policy that makes accelerated death payments to help pay for long-term care.
Below you can find other legal checklist items for family caregivers:
A legal Checklist for Family Caregivers #1: Have the right documents
A legal Checklist for Family Caregivers #2: Make a family plan
A legal Checklist for Family Caregivers #3: Organize important papers
A legal Checklist for Family Caregivers #4: Explore potential financial help
A legal Checklist for Family Caregivers #6: Think beyond your loved one