Still enjoy flipping through the pages of a printed copy? So do we! Click on the button below to start receiving Senior Directory right at your doorstep!
Order your printed copy of Senior Directory today!
I prefer the digital copy, please.
Managing your loved one’s health or even maintaining your own health can be emotionally and physically challenging. Paying for medical expenses associated with healthcare can be equally as difficult. As we age, there are numerous different paths to choose from to maintain our health, from relocating to a senior housing community to staying at home and hiring assistance. Most people would prefer to remain in the comfort of their own home, but how do we pay for home care when we are no longer working and making a steady income? At Senior Directory, we are proud to provide you with a short and easy guide to paying for Home Health Care.
What is Home Health Care?
Home Health Care is any medical or non-medical services that occur in a seniors’ residence. Home health offers a less expensive, more convenient, and just as effective alternative to assisted living, skilled nursing or a hospital stay. The market for home health care is expanding due to the fact that many of the baby boomer generation are nearing retirement. Institutional care has been waning in popularity recently, which is generating an increase in the demand for lower-priced alternatives. Research from the Bureau of Labor Statistics suggest that the number of home health aides will increase by 70% from 2010-2020, encompassing roughly 1.3 million workers in the U.S. alone.
Insurance versus Private Pay
Insurance will not pay for daily living tasks such as the following:
Medicare, Medicaid, and some Private Insurance will cover the following forms of Home Health Care
* Not every home health agency has everything listed above
Ways to Pay for Home Health Care
Financial Benefits to Home Health Care
Home Health Care is significantly cheaper than the alternatives and this is likely correlated with the increased demand in the service. Here are some prices for alternative options that further solidify why more and more seniors are turning to Home Health Care instead of other options like the hospital, assisted living facilities, and nursing homes.
Statistics on How the Average American Affords Home Health Care
Conditions to Comply for Medicare
Exclusions from Medicare
State governments and therefore each individual state conduct Medicaid administration and each service is different depending where you are located.
Home Health Coverage “Must Include”!
Home Health Care for Veterans
If you are a Veteran, you are most likely eligible to receive what is known as Housebound benefits. This is a payment to seniors receiving care in-home or in the home of a family member.
Veterans could be eligible for this benefit if:
Other Benefits for Veterans
Program of All-inclusive Care for the Elderly (PACE)
PACE is a Medicaid/Medicare service that provides seniors care in their own home. This program provides help with procedures such as home care, counseling, meals, transportation, and other Home Health Care services. Here are the basic requirements to qualify for this program under the condition you have Medicaid or Medicare.
Article written by Nick Schaller with Senior Directory, LLC
As you age, some home maintenance tasks will become harder to accomplish...
Out of all age demographics, senior citizens are perhaps the most at risk of safety issues...
After major incidents like a fall, stroke, or infection, going back home requires a lot of...
Many senior citizens might not even know they are at risk when it comes to their home...
As a result of aging, older adults often experience a variety of illnesses that cause them...
Excited about the idea of finally remodeling your home? During the remodeling process,...
If a spouse or aging parent you care for has severe mobility limitations or a chronic...
Whether it be a fall, cuts, food poisoning, or other injuries, the kitchen can be a...
Here are some of the best home maintenance tips you can apply to make your home...
There are straight and curved stairlifts available for both indoor and outdoor applications....
Speak to one of our advisors 1-800-955-8510