As the senior population in need of care is growing in California every day, more families are being encountered with the dilemma of how to set up care service for the loved ones: one that keeps their loved one cared for and comfortable, while does not drain the family’s finance. We had previously posted on new financial resources and incentives being legislated very recently by Federal and State governments to help with cost of private in-home care services (See here for the older post).
We thought to also share with you the link to the following resourceful website: PayingForSeniorCare.Com . You may find all the possible financial resources that might be available to you to cover all or part of the cost of your homecare services. Particularly, you may visit the section on paying for homecare services, in which they describe various financial assistance options such as Medicare Advantage, Veterans programs, etc., as well as self-payment options such as Homecare loans, Life insurance conversions, etc.
For those of you who always wonder about the cost of In-Homecare versus that of Nursing Home, you may find their Irvine average cost of $4,481 versus $7,559, respectively, a good reference to represent the figure in other areas. Not only In-Homecare is less expensive on average than Nursing Home, but the invaluable difference still lays outside the money measures; you manage to keep your loved one at the place that they have been calling home for years, while getting them a one-to-one dedicated caregiver.
Please contact us at Redan if you need further assistance in exploring your financial options to pay for your homecare services cost.
“Make sure you educate yourself on several Federal, State and Personal financial resources potentially available to you toward covering the cost of the private homecare services.”
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