Paying For In Home Care For Seniors in Federal Way, WA
Discover the options for affording in home care for seniors and adults
You may have already started thinking about how to pay for in home care for seniors should they need it. Long story short, there are a number of factors to consider when it comes to paying for senior care, and just as many payment options as there are types of care available in Federal Way, WA.
In this article, we will review a few common options for funding in home care. The sort of care your loved one will end up needing to pay for will depend on their needs. It will also matter how much care they need and for what duration of time. Plenty of options are available in Federal Way, WA and Comfort Keepers offers both personal and companionship care, and even 24 hour home care.
Let's take a look at a few options for paying for care.
Medicare
Medicare is not a good option if your loved one needs long-term in home care. Most often, seniors are eligible after a medical emergency and when they need help recovering. Medicare will pay for short-term care, and physical, occupational and speech therapy. It will not cover extended care, unfortunately.
Medicaid & State Programs
On the other hand, Medicaid will pay for long-term in home care for seniors if your loved one qualifies. Individuals who qualify are often underprivileged and most often receive Supplemental Security Income (SSI). Other individuals with limited income and assets also qualify, however, eligibility guidelines do very much so vary by state. If your loved one needs long-term care, or you are worried that they might, it is not a very good idea to count on Medicaid.
Long-Term Care Insurance
Long-term in-home care for seniors care insurance is probably the best option for older adults who need in home care for seniors. Long-term care insurance will help older adults cover the costs of long-term care, making sure they are not depleting their life savings.
Coverage is expensive, however, and premiums increase with the age of the purchaser. It is important to know what your loved one is signing up for.
Paying Out of Pocket for Long-Term care
When they do not qualify for Medicaid and Medicare, older adults and their loved ones often end up dipping into savings and assets to pay for in home care for elderly.
To find out more about how to finance in home care for seniors, please give our Federal Way, WA office today at (253) 200-0038.
Classes from Comfort Keepers in Federal Way, WA
UNBIASED MEDICARE INFORMATION FROM THE WASHINGTON STATE INSURANCE COMMISSIONER’S OFFICE
This class will help you compare information to help make that yearly Medicare decision, Presented by: SHIBA (Statewide Health Insurance Benefits Advisors) from the Washington State Office of the Insurance Commissioner & Comfort Keepers
- Understand your health care coverage options and rights
- Find affordable health care coverage
- Evaluate and compare health insurance plans
For more information about these classes, call us today at (253) 200-0038.
