28 Nov

If you compare the cost of nursing homes, in-home assistance and assisted living you find that, in-home care is much cheaper.  Upon reaching the decision that a loved one should stay in a home, it is advisable to first know the cost of the facility you are taking them and compare with others. Make sure that you are well versed with the cost of each home and then make a comparison. In-home care offer a round the clock assistance an element that is very necessary. In-home care facilities offer one on one assistance to the residents. The needs of a resident in an in-home are catered for personally by a care-giver who is assigned to each resident.    

Unlike in a nursing home or where they offer assisted living where caregivers are  given several residents to take care of. It is as a result not easy to give each resident the needed care they deserve.

The adult foster home payments are paid using different ways. Assets, savings, investments can be used by a senior to pay for the services he receives in a in-home care.  Another one is where the insurance comes in and pays for prolonged care. This one is popular, much needed and appropriate. It is one of the most popular insurance policies that is available.

Third, senior home care cost can be paid using reverse mortgages. This payment mode is accepted and also popular because it is able to pay for a variety of expenses. It is possible for a resident to remain in a home care because the reverse mortgage caters for his stay. Most of the needs by a resident are payable using reverse mortgage.

Attendance pension benefit and VA aid is a pension program that senior home care services can be paid with using the pension acquired. A surviving spouse or the veteran him or herself and is  on a 90-day active duty and a need arises, then you become eligible for the veterans administration which is linked to the disability pension.  

The last resort for is the government assistance for the senior home cares. This is connected to the medical aid system where seniors who cannot pay for their home care are covered.

Life insurance policies are used by the seniors who cannot pay for their home care stay and this do and also consider their latter years and this is one option that is popularly being considered. While insurance policies for long term care are readily available, in case you do not intend to be active in your sunset years then it is paramount that you consider taking up the long term care insurance. Check out this website at https://www.britannica.com/topic/housing-426739 for more facts about assisted living.

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