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How Do I Pay For Home Care?

According to research data In-home care is one of the most affordable ways to receive safe convent care. You remain in the comfort of your own home maximizing your dignity and  independence. Everyone is watching each dollar spent these days and any new expense will create anxiety. Fortunately, there are many options available today to help you pay for home care. The first option I must rule out however is Medicare. CAREPOINT In-Home does not carry Medicare insurance.

I have a long list of creative options you can use for paying for Home Care. Please talk to a financial Planner for details on the pros and cons of each in your situation.

  • Private Health insurance: which will sometimes pay for a certain amount of Home Care.
  • Disability insurance
  • Auto insurance
  • Life insurance: cashing it in or borrowing against it.
  • Life settlement: An arrangement in which a third Party buys your life insurance policy and then gets the benefits when you die.
  • Accelerated Death Benefit: the life insurance company gives you some money before you die rather than paying it all after.
  • Long-Term Care insurance
  • Retirement Benefits
  • Work Related Salary
  • Individual retirement accelerant IRA
  • Employee funded retirement Plans
  • Annuities
  • Stocks
  • Bonds
  • Savings Accounts
  • Real Estate Reverse Mortgage: You get money back based on what your house is worth. pros/cons to this option
  • Personal Property
  • Veterans Benefits: many veterans and surviving spouses qualified for aid and attendance.