In-home assistance is cheap considered to nursing homes and assisted living. When a family decides to take their aged loved one in a home care, it is good to first compare and enquire the cost of the three facilities. Make sure that you are well versed with the cost of each home and then make a comparison.In-home care offer a round the clock assistance an element that is very necessary. These in-home facility provide a personalized assistance to your loved one. The needs of a resident in an in-home are catered for personally by a care-giver who is assigned to each resident.
The cost of an in-home care is different because of the personalized services offered unlike nursing home and assisted living homes where residents are served in general. Residents do not get the attention they deserve in nursing homes because the care is not personalized.
There are many ways which seniors use to pay for their home care services being rendered to them. First, long term care that is paid privately is where the resident is taken care of from their assets, income, saving or investments. In-home care can also be paid by insurance. This type of payment is appropriate, popular and used often. Insurance companies offer the policy to cater for in-home care payments.
Third, senior home care cost can be paid using reverse mortgages. Reverse mortgage payment mode is favour because of its ability to pay for almost all the expenses incurred in the in-home care. Residents can stay in senior homes for a longer period of time using reverse mortgages. Most of the needs by a resident are payable using reverse mortgage.
Attendance pension benefit and VA aid is a pension program that senior home care services can be paid with using the pension acquired. In the case of veteran or if deceased the surviving spouse takes on active duty for 90 days they are eligible for the VA that is a pension attached even to those aged and disabled.
Long term home care can also be paid out by the government as a resort that people take up to ensure payment is made for their loved ones who are in homes. This is connected to the medical aid system where seniors who cannot pay for their home care are covered.
Another payment option that is considered is the life insurance policy which seniors use to pay up for their stay in homes and use it and also take into account other issues that can arise later in life. While insurance policies for long term care are readily available, in case you do not intend to be active in your sunset years then it is paramount that you consider taking up the long term care insurance.