If you compare the cost of nursing homes, in-home assistance and assisted living you find that, in-home care is much cheaper. Upon reaching the decision that a loved one should stay in a home, it is advisable to first know the cost of the facility you are taking them and compare with others. Ensure that you are fully aware of each facilities cost and compare the rates.Everybody wants to take their loved one to a home care where they offer round the clock assistance. In-home care facilities offer one on one assistance to the residents. The needs of a resident in an in-home are catered for personally by a care-giver who is assigned to each resident.
In-homes are different because it is one resident one caregiver other facilities like nursing homes or assisted living have one caregiver serving several residents. It is as a result not easy to give each resident the needed care they deserve.
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. Another one is where the insurance comes in and pays for prolonged care. This one is popular, much needed and appropriate. It is one of the most popular insurance policies that is available.
Reverse mortgages are also used to pay for in-home care. 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.
Veteran administration and attendance pension benefit is an arrangement that is acceptable in to pay for home cares. A surviving spouse or the veteran him or herself and is on a 90-day active duty and a need arises, then you become eligible for the veterans administration which is linked to the disability pension.
The last resort for is the government assistance for the senior home cares. This is connected to the medical aid system where seniors who cannot pay for their home care are covered.
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.