Before you assess the budget, figure out if your insurance covers home care services. It is always better if someone else can pay for your services. 🙂
- Does your loved one have long-term care insurance?
- Is your loved one eligible for government programs covering similar services, such as Veterans Affairs, Medicare, or Medicaid?
- What types of services do they cover, under what circumstances, and for how long?
- How much co-payment or co-insurance do you need to pay out of pocket?
Then think about alternative resources for home care services.
- Are there services your local council on aging or senior center provides, such as transportation?
- How about your family members, friends, or local churches?
If there is still a need beyond the resources discussed above, assess the out-of-pocket budget.
- If you are planning to pay out of pocket, how much can you afford on a weekly or monthly basis?
- Are there charges from a home care provider other than hourly fees? For example, is there a charge for transportation if your caregiver’s automobile is used? Are hourly rates different if services are provided at nights, over the weekends, or during holidays? Make sure you understand these extra charges.
- If there is a minimum number of hours per visit, is it possible to combine 2 visits as one to be more efficient?
- Are there discounts a home care provider offers? It doesn’t hurt to ask.
In some cases, it may be challenging for your loved one to even pay for 2 to 4 hours of services a day out-of-pocket. If your loved one owns a home in which she is currently living, one possible solution is to use a reverse home mortgage. We will publish a post on this topic soon. Stay tuned. In the meantime, see our example questions to ask home care agencies when you interview them. Have additional questions? Contact us for a free consultation. TeamCarer provides non-medical home care in the metro west area of Boston, Massachusetts, including Brookline, Newton, Wellesley, and Needham. You can call us at 888-895-7020 extension 1 or send us a message here.