Elder Care Loan
As baby boomers age, more Americans are facing the costs of elder care. CGMA is there as always, providing interest-free loans for costs like installing specialized equipment or moving an elderly and/or disabled family member.
Amount
Up to $6,000
Type of Assistance
Interest-Free Loan
Eligibility
Active Duty
Auxiliary
Civilian Employees
PHS Officers and Chaplains
Reserves
Retired Military Personnel
Surviving Spouses
Start with Your CGMA Rep
Start with your local CGMA Representative
There are more than 600 Coast Guard Mutual Assistance Representatives to help you.
FIND MY REPRESENTATIVEHow to Apply
Gather these documents:
- Your Coast Guard ID
- CGMA-62 Elder Care Loan Application
- CGMA-15 Personal Budget
- Bills or estimates of costs
Contact your CGMA Representative to start the process.
What's Covered?
- All CGMA members
- Immediate family members who are elderly and/or disabled, including parents
- Installation of specialized equipment in a home
- Costs for moving to a specialized facility or a new residence, including the member’s home
- Initial fees for a specialized care facility
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