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To: Abby4116

“Hypothetically, a senior in a nursing home with income enough to cover the yearly cost - under new plan taxed on that income with no way to offset it with medical costs “


How much of the annual cost for nursing home care would be considered medical coasts?

I assume much of it would be condidered costs for lodg-eng,utilites,food,clothing,and personal care items?

Just curious.

.


40 posted on 11/13/2017 3:01:27 PM PST by Mears
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To: Mears
I think for those without outside funds, part of their social security, basic medicare and medicaid (combo of the three) pays for 365 days a year nursing home care. They get to keep a small part of their social security payment for spending money.

If a person has savings/income to pay those costs themselves, definitely medicaid wouldn't and I doubt much medicare payment (they do not pay long term nursing care).

I just found this:

is in a nursing home or home for the aged, and the primary reason for being there is for medical care, the entire cost, including meals and lodging, is a medical expense for purposes of the tax deduction.

41 posted on 11/13/2017 4:26:12 PM PST by Abby4116
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