These basic adjustments are cost-effective, presenting a more economical option compared to assisted living and other forms of residential care. That said, seniors on fixed income may find it difficult to cover the cost of home modifications on their own. The following programs may cover ramps, medical alert systems and other items:
Government programs
The U.S. Department of Agriculture offers grants and low-interest loans to assist qualifying homeowners in making modifications to their homes. Additionally, numerous states have programs such as Medicaid waivers specifically tailored to aid seniors in enhancing the safety of their residences.
Medicare
Original Medicare doesn’t cover home modifications, but some Medicare Advantage Plans come with extra benefits. Those advantages might encompass insurance coverage for walk-in showers, medical alert systems, and aids designed to assist seniors in performing instrumental daily activities.
Tax incentives
Seniors may be able to deduct home modification expenses on their state and/or federal tax returns.
While certain alterations may be straightforward, others demand a thorough understanding of building regulations and electrical safety. To ensure safety, homeowners should consistently enlist licensed professionals to handle intricate projects. It’s also important to use certified installers for medical equipment, as DIY installation errors may cause the equipment to malfunction.