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. Get the rates of different homes and compare the prices to ensure you get a good bargain. Everybody wants to take their loved one to a home care where they offer round the clock assistance. Residents in in-home care received personalized assistance. 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. Residents do not get the attention they deserve in nursing homes because the care is not personalized.
Senior home cares offer ways in which they pay for these services. First, long term care that is paid privately is where the resident is taken care of from their assets, income, saving or investments. 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.
In-home care can also 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.
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.