Exploring Affordable Home Care Options In Wichita, KS
Comfort Keepers offers affordable home care options for adults and seniors.
When the time comes to consider financial solutions for your loved one’s care, you should be well informed about the different funding options at your disposal. It is important to note that the cost of your loved one’s long-term care greatly depends on the level of care and the hours of service required for maintaining their independence and quality of life. To help your family adequately prepare for senior care, we reviewed some of the most common funding options for affordable home care.
With Medicare, you can expect to have some of the short-term costs for your loved one’s care covered. For example, Medicare can cover up to 100 days of nursing home care, costs of durable medical equipment designated for home use, and hospice care for seniors diagnosed with terminal illnesses for a period of six months. However, Medicare does not pay for extended, long-term care.
Your loved one can partially or entirely fund their care with Medicaid, depending on their income and assets. In most cases, seniors with limited resources and those who receive SSI (Supplemental Security Income) qualify automatically. As eligibility requirements vary from state to state, make sure you inquire about specific Medicare guidelines for the state of Kansas.
Long-Term Care Insurance
Long-term care insurance can help your senior loved one pay for affordable home care services and prevent gradual exhaustion of their life savings over an extended period. The downside is that insurance coverage is expensive and premiums get higher with age. Moreover, long-term insurance policies are not all the same, so you should consult with a financial planner before opting to fund your parent’s care this way.
Paying Out of Pocket
When none of the abovementioned options are feasible, your family should consider paying out of pocket. Although this may seem like the worst-case scenario, please bear in mind that the cost of affordable home care is often much less than the cost of nursing homes and assisted living facilities.
If your senior mom or dad is a veteran, they may be eligible for Veterans Administrations benefits to partially or fully cover the costs of long-term care. Veterans or their surviving spouses can qualify for VA benefits provided that they spent more than 90 days in the service with at least one day served during a time of military conflict.
For more information, please call our Wichita, KS, office today. Our friendly client care coordinators are more than happy to answer any question you might have and provide information about our affordable home care services. Comfort Keepers are here to help!