Private Pay
Families who do not receive veterans benefits or have long-term care insurance often use a combination of their Social Security benefits, private pensions, savings, home equity, or reverse mortgages to pay for home care. Though not ideal, these options are sometimes the most immediate means of covering the expense of in-home care. Home Care Solutions experts provide recommendations for care that meets your family’s needs, while being sensitive to cost and helping you to get the most out of your savings.vWe also have additional resources and information on home care assistance programs that can help reduce the financial burden of caring for a loved one.
Community Medicaid
Community Based Medicaid is an invaluable program for many seniors who would like remain independent but require financial assistance to do so.
Community Medicaid applicants must meet the necessary income and asset levels. It is important to note that there is no “look back” for community Medicaid which means most people can meet the income and asset requirements with a minimal waiting period.
Home Care Solutions experts can help refer you to the right professionals for guidance on Community Based Medicaid.
Long Term Care Insurance
Unlike traditional health insurance, long-term care insurance is designed to cover long-term services, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility.
Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with activities of daily living such as bathing, dressing, or eating. You can select a range of care options and benefits that allow you to get the services you need, where you need them.
