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. 🙂
Then think about alternative resources for home care services.
If there is still a need beyond the resources discussed above, assess the out-of-pocket budget.
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.