Many individual clients and/or their families pay for home care from their own assets, investments or savings. Some family members each contribute together to pay for their loved one’s caregiver costs. Liquidating possessions that a senior no longer uses such as vacation homes, vehicles, boats, land, livestock, etc. is another source of finances as well. Accessing equity in the loved one’s home is also a common financing option. Provided certain requirements are met life insurance policies may be converted to cash and used for home care.
Many private Long Term Care (LTC) insurance policies cover personal care and other home care services. Most policies have “elimination periods”. This is the period of time after a policy becomes active before the senior is eligible for any benefits. Typically, these are between 20 and 100 days, but some are even longer. If you or your loved one has a long term insurance policy, contact the Long Term Insurance insurer for status and benefits in the policy.
If you are a Veteran or a spouse of a Veteran, you may qualify for AID & ATTENDANCE. The services you receive will depend on your circumstances and your health needs. These services may include, but are not limited to the following:
Click on the U.S. Department of Veterans Affairs link below for more information on benefits and eligibility on the AID & ATTENDANCE program for veterans-spouses.
Absolutely amazing company that genuinely cares about their patients and patients families. If I had a loved one in need of care or companionship, I would have it be from Around the Clock Home Care. They have a lot they can do to assist someone in need.
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