8 Ways to Pay for In-Home Care

Author

ComForCare Home Care

For more information about the author, click to view their website: ComForCare Home Care - North Colorado Springs

Posted on

Nov 02, 2023

Book/Edition

Colorado - Colorado Springs

These days, thanks to modern medicine, people are living longer and longer. The majority of people will require long term care at some point in their lifetime. Many of these seniors prefer to age in place and stay in the comfort of their own homes, but they and their families may worry about the associated costs. Below we address how to plan for in-home caregiver cost.

In-home caregivers cost less than you think, especially when compared to nursing homes and other assisted living facilities. Exact in-home care costs vary based on factors like your location and the levels of care needed. There are multiple avenues of financial assistance like life insurance policies, Veterans benefits, or a reverse mortgage. Community-based services can also help families pay for home care and home health services for the older adults in their lives.

As you develop a long-term care plan for yourself or a loved one, several factors must be considered, such as one’s current and future medical needs, family support system, and budget. Since 90% of people 65+ want to stay in their homes for as long as possible, in-home care is a popular option. As your loved one’s needs change over time, ComForCare works with you to make changes to the schedule and routine.

Do you need help paying for home care? To find out more about the ComForCare pay schedule and costs or meet with some of our compassionate in-home caregivers, reach out to us now.

Find Your Closest Location

How much does in-home care cost?

Since 2004, senior care cost (both in-home care and at senior living communities) has steadily increased, averaging 1.5-3.8% per year. In-home elder care costs depend on where you live as prices can vary greatly by market. According to Genworth’s 2021 Cost of Care Survey, the median price for a home health aide is $26 an hour in the U.S. (Note: rates vary by location, hours a week, and types of care; please contact us to inquire about home care pricing in your area.)

At that rate, it would cost about $50,000 per year for 40 hours of in-home care a week. To compare, the average cost for a semi-private room in a nursing home is $89,292 a year.  

Paying for care at home – what are my options?

In-home care, homemaker services, and other personal care services are typically paid for out-of-pocket. However, that’s not always the case. Here are eight other ways you may be able to cover long-term care costs and make in-home care payments:  

  1. Long-term care insurance is a supplemental policy purchased through a life insurance company. Long-term care insurance reimburses policyholders a set amount per day for home care services. It's vital to know your insurance coverage options and life insurance benefits inside and out. Contact your private health insurance or life insurance policy provider to see if this is an option for you.

  2. Veterans Pension provides a home care allowance to qualifying veterans and their surviving spouses. Visit http://www.benefits.va.gov/benefits to learn more about the assistance available from the Department of Veterans Affairs.

  3. Catastrophic auto insurance acts as a personal-injury protection or “no fault” insurance, which can cover home care expenses.

  4. Workers’ compensation may cover home care costs associated with an illness or accident on the job.

  5. Reverse mortgages are available to people 62+ who own their home. The funds can be received in monthly installments or a lump sum. Check with your or your loved one’s bank for eligibility requirements, terms, and conditions.

  6. Medicaid may cover home care services and nursing services through a waiver program, which varies by state. The waiver programs are often coordinated through Area Agencies on Aging. Contact us to see if we participate in a waiver program. It’s important to note, Medicare does not pay for long-term home care services. Medicare covers short-term home health care prescribed by a physician. These services include skilled nursing, physical therapy, occupational therapy, and speech therapy. Assistance with bathing, feeding, meal preparation, and other personal care may also be provided while a person is receiving home health care and support with the tasks of daily living.

  7. Area Agencies on Aging provide a variety of services (including in-home care) to adults 60 and older. Services provided through local agencies are determined by performing a community needs assessment and vary by location. To find your local AAA, go to www.eldercare.gov and search by your ZIP code or call 800-677-1116 to speak with a specialist.

  8. Family funds can be set up among siblings and other family members to cover the cost of home care for an aging parent or relative. Be sure to clearly spell out the terms of the agreement and consult an elder law attorney for guidance.

Provide Relief for Family Caregivers with Quality In-Home Care from ComForCare

Paying for in-home care services is just one part of the long-term care process. Check with your or your loved one’s insurance about coverage or contact us for a free insurance eligibility verification. At ComForCare, we can connect you with resources and programs that can help ease the financial burden of in-home care.

If you have additional questions or would like to schedule a complimentary in-home consultation, call 800-886-4044 or find a ComForCare Home Care location for affordable home care options near you.

Other Articles You May Like

Advice for Caregivers: Helping Your Aging Loved One

As your parents age, you may find yourself taking on the role of caregiver, especially if they wish to remain in their own home. While caring for aging parents can be rewarding, it also presents unique challenges. This comprehensive guide offers essential advice for caregivers navigating this important responsibility.Creating a Caregiving PlanDeveloping a structured approach is crucial when caring for aging parents. Start by creating an elder care checklist to ensure you're addressing all aspects of their well-being:Assess their living situation and home safetyReview financial and legal mattersEvaluate health and medical needsConsider emotional and social supportPlan for emergenciesA well-organized caregiving plan helps manage tasks efficiently and reduces stress for both you and your loved one.Assessing Living Arrangements and SafetyOne of the first steps in caring for elderly parents is evaluating their living situation:Conduct a thorough home safety assessmentInstall grab bars and improve lightingRemove tripping hazardsConsider a medical alert systemExplore aging in place options or assisted living if necessaryEnsuring a safe environment is crucial for maintaining your loved one's independence and well-being.Managing Financial and Legal MattersAddressing financial and legal concerns is a critical aspect of elder care:Review bank accounts, investments, and assetsInvestigate long-term care insurance and government benefitsEnsure essential legal documents are in place:Valid willPower of attorney for finances and healthcareAdvance directive or living willOrganizing these matters early can prevent complications and provide peace of mind.Coordinating Health and Medical CareEffective management of your loved one's health is paramount:Compile a list of medications and dosagesSchedule and attend medical appointmentsCoordinate care between healthcare providersMonitor for changes in health or behaviorAssess needs for assistance with activities of daily living (ADLs)Regular communication with healthcare professionals ensures your loved one receives appropriate care.Providing Emotional and Social SupportMaintaining your loved one's emotional well-being is as important as physical care:Watch for signs of depression or anxietyEncourage social interactions and activitiesConsider counseling or support groupsResearch local senior centers or community programsArrange transportation for social outingsKeeping your loved one engaged and connected can significantly improve their quality of life.Practicing Self-Care as a CaregiverCaring for yourself is essential when caring for others:Set realistic expectations and boundariesJoin a caregiver support groupMaintain your own health through regular check-upsIdentify backup caregivers for breaksExplore respite care optionsRemember, taking care of yourself allows you to provide better care for your loved one.Effective Communication and Family InvolvementOpen communication is key to successful caregiving:Hold regular family meetings to discuss care plansAssign roles and responsibilities among family membersAddress conflicts or concerns openlyKeep a caregiving journal to track changesShare updates with family members regularlyInvolving family members can distribute responsibilities and provide a support network.Preparing for EmergenciesBeing ready for unexpected situations is crucial:Create an emergency contact listDevelop a plan for natural disasters or medical emergenciesEnsure easy access to important documents and medicationsProper preparation can make a significant difference in crisis situations.Considering Professional HelpSometimes, additional support may be necessary:Evaluate the need for in-home care servicesResearch reputable home care agenciesConsider hiring a geriatric care manager for complex situationsProfessional assistance can complement family caregiving efforts and provide specialized expertise.Caring for aging parents is a journey that requires patience, dedication, and adaptability. By following this advice for caregivers and utilizing resources like an elder care checklist, you can provide comprehensive support for your loved one while maintaining your own well-being. Remember, every family's situation is unique, and it's important to tailor your approach to your specific circumstances. With proper planning and support, you can navigate the challenges of caregiving while cherishing the time spent with your aging loved one.Contact The Caring Mission today for a free assessment and to learn more.

Caring For Your Aging Loved One: A Checklist for Care

Caring For Your Aging Loved One: A Checklist for CareCaring for an aging loved one is a significant responsibility that requires careful planning and consideration. Here's a checklist to help you navigate this important role:Assessing Living ArrangementsHome SafetyConduct a thorough safety assessment of the home.Install grab bars in bathrooms and stairways.Ensure adequate lighting throughout the house.Remove tripping hazards like loose rugs or cords.Consider installing a medical alert system.Housing OptionsEvaluate if aging in place is feasible.Research assisted living facilities or nursing homes if needed.Consider home modifications for accessibility (ramps, wider doorways).Financial and Legal MattersFinancial PlanningReview all bank accounts, investments, and assets.Create a budget for ongoing expenses and potential care costs.Investigate long-term care insurance options.Explore eligibility for government benefits.Legal DocumentsEnsure a valid will is in place.Set up power of attorney for finances and healthcare.Create an advance directive or living will.Organize important documents (birth certificate, marriage license, property deeds).Health and Medical CareMedical ManagementCompile a list of all current medications and dosages.Schedule and attend medical appointments.Coordinate care between different healthcare providers.Monitor for changes in health or behavior.Daily CareAssess needs for assistance with activities of daily living (ADLs).Create a care schedule for personal hygiene, meals, and medication.Consider hiring in-home care if needed.Emotional and Social SupportMental HealthWatch for signs of depression or anxiety.Encourage social interactions and activities.Consider counseling or support groups for both the loved one and caregiver.Social EngagementResearch local senior centers or community programs.Arrange transportation for social outings.Encourage hobbies and interests.Caregiver Self-CareRespite CareIdentify backup caregivers for breaks.Look into adult daycare options.Consider short-term respite care services.Personal Well-beingSet realistic expectations and boundaries.Join a caregiver support group.Maintain your own health through regular check-ups and self-care.Communication and Family InvolvementFamily MeetingsHold regular family meetings to discuss care plans.Assign roles and responsibilities among family members.Address any conflicts or concerns openly.DocumentationKeep a caregiving journal to track changes and concerns.Share updates with family members regularly.Emergency PreparednessCrisis PlanCreate an emergency contact list.Develop a plan for natural disasters or medical emergencies.Ensure easy access to important documents and medications.Nutrition and ExerciseMeal PlanningEnsure a balanced diet tailored to any health conditions.Consider meal delivery services if cooking is challenging.Physical ActivityEncourage appropriate exercise routines.Look into senior fitness classes or physical therapy if needed.Technology and SafetyHome MonitoringConsider installing security cameras or motion sensors.Explore smart home devices for medication reminders or fall detection.Communication ToolsSet up easy-to-use communication devices (large-button phones, tablets).Teach basic internet skills for staying connected with family.By addressing these areas, you can create a comprehensive care plan that promotes the well-being of your aging loved one while also managing your own responsibilities as a caregiver. Remember that caregiving is an ongoing process, and it's important to regularly reassess and adjust your approach as needs change over time.  Every familys situation is unique.  Caring Mission provides a variety of services to help aging adults receive care in the comfort of their own home. Contact us today to learn more!

UTIs and Older Adults: Symptoms and Prevention

UTIs and Older Adults: Symptoms and PreventionUrinary tract infections (UTIs) are a prevalent health issue among older adults, often leading to discomfort and potential complications if not addressed promptly. Home care agencies and caregivers play a vital role in managing UTIs, offering tailored support to prevent and treat these infections effectively. Lets explore how they can help.Understanding UTI Symptoms in Older AdultsOlder adults may not exhibit the typical symptoms of UTIs, such as burning during urination or frequent urges to urinate. Instead, they might experience cognitive changes, confusion, agitation, or sudden behavioral shifts. These atypical signs can be challenging to recognize, but trained caregivers are adept at identifying them early, ensuring prompt treatment and reducing the risk of complications like kidney infections or sepsis.Why Are Older Adults More Susceptible to UTIs?Several factors contribute to the increased risk of UTIs in older adults. As people age, both men and women often face challenges in completely emptying their bladders, which can lead to bacterial growth in the urinary tract. In men, conditions like benign prostatic hyperplasia (BPH) can obstruct urine flow, while in women, post-menopausal hormonal changes can alter the balance of bacteria, increasing infection risk.Prevention Tips and Care StrategiesEducation and Awareness: Home care professionals educate seniors and their families about the unique symptoms of UTIs in older adults. By increasing awareness, they empower families to recognize potential infections early. Understanding the signs can lead to quicker interventions, preventing more serious health issues.Hydration and Nutrition: Staying hydrated is crucial in preventing UTIs. Caregivers encourage seniors to drink plenty of water, aiming for at least 64 ounces a day, to help flush out bacteria from the urinary tract. They also promote a balanced diet to support overall health and resistance to infections. Proper nutrition, including foods rich in vitamins and minerals, can strengthen the immune system, making it more effective at fighting off infections.Personal Hygiene: Proper hygiene practices are essential in preventing UTIs. Caregivers assist with daily hygiene routines, ensuring that seniors maintain cleanliness and follow practices such as wiping from front to back. This reduces the chance of bacteria entering the urinary tract. Regular bathing and changing of undergarments also play a crucial role in maintaining hygiene and preventing infections.Regular Bathroom Visits: Encouraging regular bathroom visits helps prevent the buildup of bacteria in the bladder. This is particularly important for seniors with cognitive impairments, who may forget to urinate regularly. Caregivers can remind and assist them in maintaining this routine. Establishing a schedule for bathroom visits can help ensure that seniors empty their bladders regularly, reducing the risk of bacterial growth.Catheter Care: For seniors using catheters, home care providers ensure proper catheter maintenance to reduce infection risks. This includes regular cleaning and monitoring for any signs of infection, which is crucial for preventing UTIs in patients with limited mobility. Caregivers are trained to recognize early signs of infection, such as changes in urine color or odor, and can coordinate with healthcare providers for timely intervention.Lifestyle Modifications: Caregivers may suggest lifestyle changes, such as wearing loose, breathable clothing and avoiding irritants like caffeine and alcohol, which can exacerbate UTI symptoms. These modifications can significantly reduce the risk of infections. Encouraging physical activity, as appropriate, can also support overall health and improve bladder function.Use of Supplements: Some studies suggest that cranberry juice or supplements may help prevent UTIs by preventing bacteria from sticking to the urinary tract walls. Caregivers can coordinate with healthcare providers to determine if such supplements are appropriate for the patient. Additionally, probiotics may support urinary tract health by maintaining a healthy balance of bacteria.UTIs pose a significant health challenge for older adults, but with the right care and preventive measures, their impact can be minimized. Home care agencies provide essential support, from education and early detection to personalized care and lifestyle guidance. These services empower seniors to live healthier, more independent lives while managing their health effectively in the comfort of their own homes. By addressing both the symptoms and underlying causes of UTIs, caregivers play a pivotal role in safeguarding the well-being of older adults.

Local Services By This Author

ComForCare Home Care - North Colorado Springs

Non-Medical 7608 North Union Boulevard, Colorado Springs, Colorado, 80920

ComForCare Home Care - North Colorado Springs

Home Health 7608 North Union Boulevard, Colorado Springs, Colorado, 80920

If age, illness, or accident is threatening your loved ones independence call us. We can provide the exact amount of personal home care services your family needs to help them live the best life possible, for the longest time possible - at home.Our private-duty nursing services help people of all ages who need a higher level of care due to physical restrictions, illnesses or chronic medical conditions. During the initial visit, our registered nurse (RN) will complete a comprehensive RN assessment with you and your loved ones, including an in-depth review of all the medications you are currently taking. The RN will then assist in developing a care plan along with your input that is specific to meet your needs.