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MedicAlert Foundation Canada is proud to partner with HomeEquity Bank, provider of the CHIP Reverse Mortgage, in a shared mission to empower Canadians to age securely and safely in place.
This partnership reflects a shared commitment to supporting Canadians 55 and better with the solutions they need to live independently on their terms, and in the homes they love. MedicAlert members aged 55+ may be eligible for an exclusive rebate on HomeEquity Bank’s reverse mortgage solutions*—designed to unlock home equity and support long-term financial well-being through accessing a portion of their home’s equity as tax-free income, with no monthly mortgage payments required.
With over 35 years of experience, HomeEquity Bank has helped thousands of Canadians stay in the homes they cherish. This partnership furthers that mission—making it easier for Canadians to age in place with confidence, knowing both their health and financial needs are supported.
For many Canadians aged 55 and better, aging in place is more than a preference—it’s about staying rooted in their communities, where they find stability, comfort, and independence. That’s why MedicAlert and HomeEquity Bank have come together to make a meaningful difference.
As more Canadians enter retirement, the need for solutions that support both health and financial independence is becoming increasingly urgent. Many are looking for ways to remain in their homes while maintaining control over their future—and for good reason. A home is more than just a place to live; it’s a reflection of the life they’ve built and the dreams they still hold.
Nearly 90% of recently funded HomeEquity Bank clients agree that accessing a CHIP Reverse Mortgage has given them a greater sense of freedom. The growing demand for in-home care reflects a strong preference among Canadians to remain in their own homes rather than transition to assisted living or long-term care facilities. This sentiment is echoed by recent findings showing that over 90% of Canadians aged 45 and older would prefer to age in place. These real-life experiences highlight a powerful and timely shift toward maintaining independence and comfort at home as people grow older.
“At MedicAlert, we believe that true security comes from both financial stability and the peace of mind that comes with knowing your health is supported,” said Leslie McGill, President and CEO of MedicAlert. “We’re delighted to partner with HomeEquity Bank to offer our members a secure and trustworthy way to finance their retirement—ensuring they can age in place with confidence, knowing both their financial and health needs are taken care of.”
MedicAlert members aged 55 and better may be eligible for a special rebate upon funding a CHIP Reverse Mortgage, making this flexible financial solution even more accessible. It allows homeowners to unlock the equity in their homes without the need to sell or move. This added financial freedom can be used to manage everyday expenses, fund home improvements, or simply enjoy greater peace of mind in retirement—all while continuing to live in the home they love.
Together, MedicAlert and HomeEquity Bank are offering a holistic approach to aging in place—combining trusted medical protection with financial solutions tailored to the needs of aging Canadians.
