Tuesday, July 23, 2019
When you want the best for your loved, consider professional home care for chronic health conditions or recovery from acute illness or surgery. The option of home care can allow people to remain in the comfort of their own homes, in their familiar surroundings, with the continuation of their regular daily routines. The lifestyle and care go beyond a small room provided in an assisted living facility. It’s the best option for quality assistance that allows the dignity of aging in place.
Knowing that care is a good choice for your family needs, how do people pay for it? Benefits are partially determined by medical need. Insurance is more likely to cover medically necessary care and unskilled care may require private payment and some creativity.
Ways To Pay For In-Home Care
Private or long-term health insurance policies may cover professional home care when someone cannot take care of their normal activities of daily living, but the need must be qualified and requested by their medical doctor. Each private health insurance plan has different coverage requirements, so the policy needs to be carefully reviewed.
Life insurance policies can sometimes be surrendered for their cash value and some have a loan or cash advance option. Some policies can even convert to long-term care or life care benefit account.
Medicare may provide payment for short-term medical home care for people over age 65. The patient may have a Medicare Advantage plan that includes home care services, as well. Medigap (Medicare supplemental insurance) is additional coverage to receive benefits beyond regular Medicare options, covering things like copays and deductibles.
Veterans need to check their benefits, too. They may have a benefits package that provides for home care as an alternative to assisted living or a nursing home. Some programs are specially created to meet needs like bathing, dressing, monitoring medication, and more.
Some adults elect companion care and pay for it from their savings, retirement accounts, investments or by using the equity in their homes through a reverse mortgage. Recreational or extra vehicles that are no longer used can be sold to cover costs of care.
If none of these above options are available, contact the local Agency on Aging to inquire about public assistance programs in your area.
Call Concierge Care at 888-205-9940 to ask questions about home care options for you or your loved one today.