How to Afford the Care Your Loved One Needs
Care options for elderly relatives can be expensive, but you want to be sure your loved ones get the help they need. Here’s how to afford the best care possible for your budget range.
Choose the Most Appropriate Care
Not all seniors require round-the-clock care in a nursing facility.
Consider what your loved one needs today. In-home care may be a better option if he or she is able to perform basic tasks independently but isn’t capable of handling home maintenance.
For loved ones who need help getting ready in the morning and at night, a part-time in-home care aid can be a great help. Many in-home health care aides, such as the Caring Home Care aides, can help with a variety of tasks from bathing and grooming to grocery shopping and cooking and more!
Many government programs and resources are available for caregivers. Whether your loved one needs transportation to doctor’s appointments, in-home nursing care or resources for ongoing assistance as he or she ages, these groups are available to provide help and guidance:
- The Americans with Disabilities Act (ADA) maintains a national network to help ensure all disabled individuals have access to public resources.
- The Program of All-Inclusive Care for the Elderly (PACE) helps those on Medicare and Medicaid stay out of nursing homes by providing assistance with care.
- The Administration on Aging (AoA) maintains local agencies to help caregivers access help with long-term elder care.
Research Financial Options
Medicaid is a well-known program for financial assistance when caring for an elderly relative, but there are more options available to pay for long-term help so that you don’t have to drain your savings account.
If possible, look into a long-term care insurance policy with flexible coverage for both in-home care and nursing facilities. Check options carefully to determine how many hours or days per week of in-home care are covered by the policy.
If your loved one served in the military for at least 90 days with one or more days during a time of war, veteran’s benefits may cover some of his or her care. Qualifying individuals receive monthly payments to help with expenses.
You don’t have to shoulder the cost of care of your elderly loved ones on your own. Look for the options best suited to the current situation, and reassess needs as time goes on to maintain the proper level of assistance.