Options To Pay For Home Care

Making the decision to choose in-home care can seem overwhelming at times. But don’t panic—our professional senior care experts will help guide you through the process to ensure compassionate care and comfort at a moment’s notice for your loved one.

One of the most common concerns for families 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, Senior Helpers 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:

Private Pay

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.

Long Term Care (LTC) Insurance

Your loved one may have purchased a 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 Senior Helpers’ services. Our office offers complimentary Long Term Care Insurance (LTCI) policy reviews. We help seniors understand their coverage, and we submit claims to LTCI carriers with the proper documentation to support coverage. *Coverage determinations are made by the insurance carrier and are subject to the terms of each policy

Veteran’s Aid & Attendance Pension Benefit

Eligible veterans and surviving spouses may be eligible for up to $2,874 per month for 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.

Reverse Mortgage

Reverse mortgages can be very useful for home owners aged 62 and older whose home is their principal residence and who have a high amount of equity in the home. Evaluate this option with a reputable Reverse Mortgage Specialist.

Whole Life Insurance Policies

Whole life policies are designed to build cash value and as cash value builds up, it is often possible to borrow against the policy while keeping insurance in effect. Contact your insurance agent to discuss your needs and possible options.

Additional State and Local Programs

In many states, there are local and state funded programs that offer limited care for seniors who meet certain criteria. Contact us so that we may review the programs available to you in our area.

Our Goal

Our goal at Senior Helpers of Lake Minnetonka and Surrounding Areas is to handle all of the home care details so you can concentrate on spending quality time with your loved one. Even if you are hundreds of miles away, you can trust that we will treat your loved one with the dignity, respect, and compassion they deserve.

We look forward to providing your loved one with the help they require to continue living independently at home. Contact our Office today for an in-home assessment.