Families with aging parents and relatives know that there are many benefits to allowing seniors to age in place within the comfort of home as opposed to disrupting their lives with a move to a nursing care facility. If you’re worried about the financial aspects of affording in-home senior care in Omaha, the good news is that there are several resources available to senior adults and their families if you need additional financial support.
Financial Assistance Programs
Home health care costs that are considered to be medically necessary for a senior are often covered by Medicare or other health insurance programs. Every state has its own unique eligibility and application requirements for these programs but they are worth investigating. You can also contact a local senior care provider in Omaha where a Care Manager will be able to assist you and answer additional questions.
Seniors who are veterans of any branch of the U.S. military service can apply to the Veterans Administration, where they may be able to receive government funding for in-home senior care. In addition, veterans who are receiving pension benefits can direct those toward the cost of in-home care.
Non-Medicaid Programs Offered by the State
If the senior who requires in-home care is not eligible for Medicaid but meets a specific low income requirement, state governments offer a range of assistance programs that help seniors remain in their own homes rather than transferring to institutional care.
If a senior has already paid their mortgage in full or has built up enough equity in their property, obtaining a reverse mortgage or a home equity line of credit can help tremendously in removing the worry about affording in-home senior care.
Life Insurance Conversions
If the senior currently holds a life insurance policy, many companies will allow that policy to be converted directly into cash or home care services prior to the policy holder’s death in order to accommodate the costs associated with in-home care. Family members can speak with their insurance agent to discover the best options available to suit their specific circumstances.
The point is that there are plenty of ways to receive financial assistance if your aging loved desires to age in place within the comfort of their own home. If you would like more information on affordable in-home senior care, please call Home Care Assistance in Omaha at (402) 763-9140. We are happy to discuss your budget and how we can help your aging loved one with their daily care needs.