If you compare the cost of nursing homes, in-home assistance and assisted living you find that, in-home care is much cheaper. When a family decides to take their aged loved one in a home care, it is good to first compare and enquire the cost of the three facilities. Make sure that you are well versed with the cost of each home and then make a comparison.Everybody wants to take their loved one to a home care where they offer round the clock assistance. In-home care facilities offer one on one assistance to the residents. Each resident is served by their own caregiver and they are at the seniors call taking care of any need they may have.
Unlike in a nursing home or where they offer assisted living where caregivers are given several residents to take care of. 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. There is a long term care payment where the residents uses their income, saving or any investments and assets. Insurance payments is also another mode of paying for in-home care. Paying for in-home care using insurance is a popular payment mode, it is used widely and many people sign up for it. Insurance companies offer the policy to cater for in-home care payments.
Reverse mortgages are also used to pay for in-home care. Reverse mortgage payment mode is favour because of its ability to pay for almost all the expenses incurred in the in-home care. All the expenses are paid with ease using reverse mortgage and therefore seniors are able to stay for long in a in-home care facility. There are several needs that a senior may have which can be paid reverse mortgage.
The pension obtained from the veteran administration or attendance pension is what can be used to pay for in-home care. In the case of veteran or if deceased the surviving spouse takes on active duty for 90 days they are eligible for the VA that is a pension attached even to those aged and disabled.
Assistance from the government is also a resort that is considered if the payment is for long term. 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. Long term insurance policies are available and even in the case of someone who will just remain reclined in a chair in their last day this is their best option.