Affordable In-Home Senior Care in Bradenton, FL and Surrounding Areas
One of the most common concerns for families seeking home care is affordability and payment options. Are home care services covered by Medicare or health insurance? Are there any benefits to help Veterans pay for home care? Can life insurance help? Can we use home equity to help pay for the care?
Every day, First In Care works with families just like yours that are starting to learn about the benefits of in-home care. As trusted experts in senior care, we can help you and your loved ones navigate the often-complicated maze of senior care options. We strive to provide you with straightforward answers to assist you in making the most informed decisions.
There are many options available to help you pay for home care services. Here are a few to get you started:
Your loved one may have savings or supplementary income available that can help pay for home care, assisted living, or nursing home care. Often, family members may contribute to the cost of care for their loved one. However, private pay can be expensive and quickly deplete savings.
Long Term Care (LTC) Insurance
Your loved one may have purchased a long-term care (LTC) policy to help offset the cost of home care or assisted living care. We can help you evaluate the policy to see if it covers First In Cares’ services. This may be a good option for seniors and family caregivers who are looking for affordable payment options for in home senior care. For more information on long-term care insurance and how it can help pay for in-home senior care, please contact us.
Veteran’s Aid & Attendance Pension Benefit
Veterans and surviving spouses may be eligible for the Veteran’s Aid & Attendance Pension Benefit. This benefit provides up to $2,020 per month to help cover health care expenditures. We can help you evaluate this option to see if your loved ones may qualify, and if so, apply for this little-known benefit.
If you’re a senior or a family caregiver looking for affordable payment options for in-home senior care, a reverse mortgage may be worth considering. Be sure to talk to a reputable Reverse Mortgage Specialist to get all the facts and figure out if it’s the right option for you.
Whole Life Insurance Policies
Whole life policies are designed to build cash value over time. As the cash value builds up, you may be able to borrow against the policy while keeping the insurance in effect. Contact your insurance agent to discuss your needs and possible options. They can help you determine if a whole life policy is the right choice for you and your family.