Planning and Funding In Home Care Services in Los Angeles, CA
The cost of in home care services for seniors varies as much as the types of care available and the degree of assistance you or a loved one need.
In home care services are a great option for older adults who need support with daily living activities to live safe, comfortable, and fulfilling lives. If your senior is opting for this type of care, you are probably wondering how they will be funded.
Unfortunately, too many seniors and family members believe that Medicare will cover the costs of all of their care needs. They do not realize that Medicare actually only pays for a limited amount of costs. In order to prepare properly for your older loved one’s in home services, it’s vital to understand how Medicare will work.
Medicare - Medicare does not cover extended care and only pays for short-term, home health care that has been prescribed by a doctor, speech, occupational, and physical therapy, and feeding, bathing, and other types of personal care assistance. In addition, it pays for up to 100 days of nursing home care as well as various types of medical equipment that can be used it home. Seniors with a terminal illness and limited life expectancy can also use Medicare to fund hospice care.
Medicaid - Older adults with limited income and those who receive Supplemental Security Income (SSI) often qualify for Medicaid automatically. It is known as the largest public organization to fund long term care, nursing home care, and a variety of other costs that are not paid for by Medicare. Since Medicaid eligibility guidelines are different in each state, it’s important for your senior to check whether or not they qualify. If they do not, there are state programs that may meet their needs.
Long-Term Care Insurance - While long-term care insurance can help your senior loved one fund long-term care, it can be incredibly costly since premiums become more expensive with age. If your older adult is interested in long-term care insurance, they should make sure that they can pay for their premiums on their post-retirement fixed income. Understanding the coverage of their policy as well as the fact that premiums may increase is essential as well.
Veterans Administration Aid and Attendance Pension Benefits - If your senior is a veteran or surviving spouse, they may qualify for Veterans Administration (VA) benefits to pay for a portion of their home care services. To be eligible, they must be a veteran or a surviving spouse who served on active duty for at least 90 days with one day during a war period.
Out-of-Pocket Payments for Long-Term Care - If your older loved one does not meet the eligibility qualifications for Medicaid and Medicare and cannot afford a long-term care insurance policy, they may be forced to pay out-of-pocket for in home care services. To understand what this expense can be, it’s important to determine the type and quantity of care your senior will require and perform some research.
How Comfort Keepers Can Help
You are likely well-aware that being a family caregiver takes a great deal of time and commitment. If you have a job and family to care for, it may be a challenge to balance everything. That’s where Comfort Keepers in Los Angeles, CA comes in. We are a professional care provider that can help you out. If you decide to hire us, you can still be involved in your senior’s care without being responsible for the day-to-day duties that can wreak havoc on your life and personal finances. Contact us today if you’d like to determine how our in home care services can be affordable for you and your senior.