Private pay or self-pay for home care services is the most widely accepted form of payment due to no other available reimbursement sources. It simply means that services are contracted by an individual or family based on their preferences and paid for out of pocket. Most home care services that are needed to assist with activities of
Are you out of the loop or just confused about what Medicare will cover when it comes to services at home for your parents? It's usually not until Mom or Dad need home care that you are faced with figuring out what services are paid for by Medicare. Primarily, Medicare reimburses home health care for your elderly parents and relatives
Research shows that at least 70 percent of people over 65 will need long term care services in the home and other settings including nursing homes and assisted living. The average age of people buying individual long-term care insurance today is about 60, while those purchasing policies offered at work are closer to 50 years old. It may
What smart financial decisions can honor your parent’s preference to age in place? After all, Mom and Dad have clearly expressed their desire to age in place and now it is up to you to determine if it’s an affordable option. Remember that most non-medical care such as personal care, meal preparation, medication reminders, and transport
Responding YES to some of these questions may help to reduce the cost of assisted living. 1. Along the same line as hotel ratings, can you manage to be comfortable in a "3 star" moderate assisted living facility as opposed to needing a “5 star” luxury facility? 2. Are you able to forgo a room with special views, a location close to
Have you ever vacationed at an "all inclusive" resort only to find it really wasn’t all inclusive? You may find this same misleading concept to be applicable when exploring various assisted living communities. The monthly base rent a facility charges seldom encompasses total expenditures required. Subsequently it is easy to be deceived
Staying at home in their golden years is the first choice of many seniors. While lifestyle choices, desirable amenities, and available health services are important considerations, costs ultimately can be the most determining factor. Therefore it is important that you understand what in-home care really costs in order to decide if this is
Families are often surprised if not dumbfounded to learn that Medicare does not pay for most in-home care for their elderly parents. Medicare will not reimburse in-home caregivers to assist aging loved ones with basic activities of daily living (ADLs) such as personal care, meal preparation, transportation, medication reminders and
