Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
✔
I acknowledge and authorize
✔
I consent to the collection of my consumer health data.*
✔
I consent to the sharing of my consumer health data with qualified home care agencies.*
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our Terms of Use. for information about our privacy practices.
Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
One issue is taxation. If the contract was issued prior to August 14, 1982 there may be an advantage to taking principal first as "FIFO" (First In - First Out) taxation of gain applied. What this means is that for such contracts the owner is permitted to withdraw tax-free principal first as opposed to "LIFO" (Last In - First Out) taxation which requires withdrawal of taxable gain first. This allows the owner to determine when it is best to pay taxes on the gain.
It may not be readily apparent that the policy is that old. Over the years, many annuity owners have exercised what is known as a “1035 exchange” which is a tax-free exchange of one policy for another. Policies exchanged this way will still qualify for the old tax rules.
The other issue is qualification for public benefits. If the annuity owner applies for Medicaid the cash surrender value of the annuity will be considered an available asset and must be "spent down" before benefit eligibility. If the policy is "annuitized" the asset is converted to an income stream and the asset "disappears".
The resulting income from the annuitization will be countable for Medicaid eligibility purposes and in the event the added income from the annuity puts the applicant over the income cap of $2,022 per month that situation is easily cured via the use of an "Irrevocable Qualified Income Trust".
In my opinion, annuitization only makes sense when the Medicaid beneficiary is in a Home and Community Based Waiver program and receiving care at home or in an assisted living facility as the excess annuity income can be used for cost of care. If the beneficiary is in a nursing home the annuity payments are essentially “wasted” as countable income and other planning techniques should be considered (unless there is a community spouse).
Caveat: If you want to annuitize the contract for Medicaid benefit eligibility be certain the policy is then a "Medicaid Qualified Annuity". Most companies do not have the terms in their contracts Medicaid requires and it may be necessary to surrender (cash in) the policy and then purchase the appropriate immediate annuity. You will need a professional to identify the correct policy.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
One issue is taxation. If the contract was issued prior to August 14, 1982 there may be an advantage to taking principal first as "FIFO" (First In - First Out) taxation of gain applied. What this means is that for such contracts the owner is permitted to withdraw tax-free principal first as opposed to "LIFO" (Last In - First Out) taxation which requires withdrawal of taxable gain first. This allows the owner to determine when it is best to pay taxes on the gain.
It may not be readily apparent that the policy is that old. Over the years, many annuity owners have exercised what is known as a “1035 exchange” which is a tax-free exchange of one policy for another. Policies exchanged this way will still qualify for the old tax rules.
The other issue is qualification for public benefits. If the annuity owner applies for Medicaid the cash surrender value of the annuity will be considered an available asset and must be "spent down" before benefit eligibility. If the policy is "annuitized" the asset is converted to an income stream and the asset "disappears".
The resulting income from the annuitization will be countable for Medicaid eligibility purposes and in the event the added income from the annuity puts the applicant over the income cap of $2,022 per month that situation is easily cured via the use of an "Irrevocable Qualified Income Trust".
In my opinion, annuitization only makes sense when the Medicaid beneficiary is in a Home and Community Based Waiver program and receiving care at home or in an assisted living facility as the excess annuity income can be used for cost of care. If the beneficiary is in a nursing home the annuity payments are essentially “wasted” as countable income and other planning techniques should be considered (unless there is a community spouse).
Caveat: If you want to annuitize the contract for Medicaid benefit eligibility be certain the policy is then a "Medicaid Qualified Annuity". Most companies do not have the terms in their contracts Medicaid requires and it may be necessary to surrender (cash in) the policy and then purchase the appropriate immediate annuity. You will need a professional to identify the correct policy.