Facilities such as assisted living and nursing homes are more expensive compared to care in-home assistance. When a family decides to take their aged loved one in a home care, it is good to first compare and enquire the cost of the three facilities. Make sure that you are well versed with the cost of each home and then make a comparison.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.
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. Residents do not get the attention they deserve in nursing homes because the care is not personalized.
The in-home care payments are paid using different ways. Assets, savings, investments can be used by a senior to pay for the services he receives in a in-home care. Insurance payments is also another mode of paying for in-home care. This one is popular, much needed and appropriate. It is one of the most popular insurance policies that is available.
Third, senior home care cost can be paid using reverse mortgages. Several expenses incurred by the resident can be paid easily using reverse mortgages no wonder its popularity. It is possible for a resident to remain in a home care because the reverse mortgage caters for his stay. There are several needs that a senior may have which can be paid reverse mortgage.
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.
Assistance from the government is also a resort that is considered if the payment is for long term. 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. It is advisable to take long term care insurance which is available in the market now and it a good choice for those who intend to just sit and watch their sunset days go by.