In Columbus, GA, Comfort Keepers Explains The Many Options for Long-Term Care Financing
Your loved one and family in the Columbus, GA area deserve the best long-term care funding choice.
All members of a senior's family must come together to decide on the best course of action when that person requires long-term nursing care. Your family will have to think about the cost of care for Mom or Dad as well as what's best for them. Listed below are a few of the most frequent ways to raise money for your project:
Long-Term Insurance Policy
Long-term care insurance policyholders can rest assured that their care expenses will be covered by the insurance company of their choice, preventing the progressive depletion of their life savings. With this kind of finance, the costs of insurance coverage rise exponentially with time. It is vital to remember that there are a variety of insurance products available. Consult a financial advisor before making any decisions on your loved one's care if you decide to do so.
Veterans Benefits
Veteran's long-term care expenditures may be partially or completely funded by the US Department of Veterans Affairs for those who fought in combat. In order to qualify for the A&A benefit, a veteran must have been honorably discharged and served at least 90 days in active military service, with at least one day during a time of war (Veterans Affairs Aid and Attendance). This benefit is also available to the spouses of qualified veterans.
Pay Out of Pocket
Paying for your loved one's care out of your own pocket may be your only option if you don't have access to any of the other funding sources. A nursing home or assisted living facility placement may appear to be the worst-case scenario, but you should know that hiring expert home care for your loved one can sometimes be less expensive.
Call our Columbus, GA office at (706) 890-5739 to learn more about long-term care alternatives. If you have any questions or concerns, please don't hesitate to contact us. Comfort Keepers is here to help you out!
