| In comparison to nursing homes and assisted living | | | | Reverse mortgages are designed to keep seniors at |
| facilities, in-home care assistance is an affordable | | | | home longer. It can pay for many other needs a |
| option. In the decision to place a loved one in a | | | | senior may have as well. |
| facility, families should inquire about the cost of | | | | 4. VA Aid and Attendance Pension Benefit: The |
| in-home care services as well and compare the cost | | | | Veterans Administration has established a pension |
| for all three. Make sure you fully understand the cost | | | | program whereby personal care and in-home care |
| for each service and then you can compare the price. | | | | services may be paid for through your acquired |
| Not only does in-home care provide round the clock | | | | pension. If you are a Veteran or the surviving spouse |
| 24 hour live in care assistance, one important factor, | | | | of a Veteran who has served at least 90 days or |
| in-home care offers one on one assistance for your | | | | more on active duty and you are in need of |
| loved one. The caregiver places full attention and is | | | | assistance at home, you may be eligible for VA's |
| concerned with only your loved one's needs. As | | | | non-service connected disability pension. You can |
| opposed to nursing facilities and assisted living, how | | | | contact us for more information. |
| many caregivers are there per resident? Will your | | | | 5. Government assistance should be the last resort |
| loved one receive one on one care and | | | | when considering how to pay for long term care. This |
| companionship round the clock if need be? For those | | | | type of assistance refers to relying on the Medicaid |
| interested in in-home care, the following are some | | | | system. Medicaid will pay for long term care for |
| ways to pay for home care services. | | | | seniors who cannot afford to pay for care |
| 1. Privately paying for long term care means paying | | | | themselves. |
| for care out of your own income, investments, | | | | Some individuals choose to draw against their life |
| savings and assets. | | | | insurance policy as well as a means to pay for |
| 2. Long-term care insurance will pay for home care. | | | | in-home care but planning ahead is really the only |
| This is the most appropriate and needed form of | | | | viable option for families today. Long term care |
| insurance protection available to us today. | | | | insurance is available to everyone. If your vision of |
| 3. Reverse mortgages have become one of the | | | | your later years includes sitting at home in your own |
| most popular and accepted way of paying for many | | | | recliner, well you should be planning for that future |
| different expenses including the cost of in-home care. | | | | with long term care insurance. |