Our goal is to help our clients remain independent at home for as long as possible. However, we understand that most people do not have unlimited funds to pay for respite care. There are several options available to help pay for long-term home care and lighten your family's financial burden. Listed below are some creative options to help your loved one remain in their own home.
Long-Term Care Insurance
Long-term care insurance helps cover the cost of senior care at home or in a nursing facility. It helps protect your loved one's assets and can cover much of the cost of home care, depending on the policy terms. Senior Helpers works with most long-term care insurance companies, so be sure to find out if your loved one has a policy.
If your loved one has equity in their home, they may qualify for a "Home for Care" exchange program. The Home for Care program is designed for those who strongly desire to stay in thier own home and consists of a variable payment option depending on the value of the home. Contact Senior Helpers of Central Texas directly to find out more about the Home for Care program. Another option is a reverse mortgage. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. These funds can then be used to pay for home care.
The Veterans Administration offers multiple programs that can reimburse veterans for home care based on certain qualification criteria. Over 2 million Veterans and their surviving spouses are unaware that they may (and probably do) qualify for Thousands of Dollars in assistance per year! Learn more about these programs.
Additional State and Local Programs
Contact the Department of Aging and Disability Services (DADS) in the State of Texas. There are local and state funded programs that offer limited care for seniors who meet certain financial criteria.
Viatical Life Settlements
If your loved one has a life insurance policy, there are companies that offer insurance owners the option to sell their policies in exchange for a lump sum payment that is greater than the cash surrender value.
Senior Helpers offers a choice of payment options for your convenience. We invoice for our services on a bi-weekly basis for the prior two weeks and can send the invoice directly to the client, their family, a trusted advisor or long-term care insurance company. Our invoices are detailed with the dates and times of service along with the caregiver who provided care on each day.
Some of the VA programs we work with pay us directly for up to 21 hours of care per week on our clients behalf!
Most of our clients are "private pay," which means they submit payment directly to us each billing cycle. For your convenience, we accept payment by both checks and credit cards.
What Is Alzheimer's Disease?
Alzheimer's Disease is one of the saddest and frightening diseases.
The Self-Administered Gerocognitive Examination (SAGE test), which takes less than 15 minutes to complete, is a reliable tool for evaluating cognitive abilities.
The SAGE test can be taken at home by patients, who can then share the results with their physicians to help spot early symptoms of cognitive issues such as early dementia or Alzheimer's disease.