If you compare the cost of nursing homes, in-home assistance and assisted living you find that, in-home care is much cheaper. Comparing the cost of different home care facilities is vital before you can decide which one is good for your loved one. Get the rates of different homes and compare the prices to ensure you get a good bargain. A senior home that provides 24-hour assistance to the residents is preferred. These in-home facility provide a personalized assistance to your loved one. The needs of a resident in an in-home are catered for personally by a care-giver who is assigned to each resident.
The cost of an in-home care is different because of the personalized services offered unlike nursing home and assisted living homes where residents are served in general. This makes it hard for the resident to get personalized care and any needed attention.
There are many ways which seniors use to pay for their home care services being rendered to them. There is a long term care payment where the residents uses their income, saving or any investments and assets. Insurance payments is also another mode of paying for in-home care. This type of payment is appropriate, popular and used often. Insurance companies offer the policy to cater for in-home care payments.
Third, senior home care cost can be paid using reverse mortgages. This payment mode is accepted and also popular because it is able to pay for a variety of expenses. All the expenses are paid with ease using reverse mortgage and therefore seniors are able to stay for long in a in-home care facility. Reverse mortgage pays for all the needs a resident may have during his stay at a home.
Attendance pension benefit and VA aid is a pension program that senior home care services can be paid with using the pension acquired. In the case of veteran or if deceased the surviving spouse takes on active duty for 90 days they are eligible for the VA that is a pension attached even to those aged and disabled.
Long term home care can also be paid out by the government as a resort that people take up to ensure payment is made for their loved ones who are in homes. The governments payment is connected to the medical aid system and is especially for those who are unable to pay for their stay in seniors homes.
There are those seniors who use life insurance policy to pay for their home care while at the same time planning ahead which has lately become the only option there is left in the modern day. While insurance policies for long term care are readily available, in case you do not intend to be active in your sunset years then it is paramount that you consider taking up the long term care insurance.