The cost of In-home care typically ranges from $25 to $50 per hour, varying based on the state, specific condition, and required hours of service. Clients requiring fewer hours of care per day may experience higher hourly rates

When it comes to ensuring your loved ones receive the necessary in-home care, the financial aspect can be a concern. Fortunately, there are several resources and options available to help make the cost of in-home care more manageable when you choose CARE REMEDY INC. Here are some commonly used financial assistance options:

1. Long-Term Care Insurance: While standard health insurance won't cover personal care assistance, some long-term care insurance policies may. These policies are designed to cater to senior care needs. The coverage details can vary based on factors like the beneficiary's age when the policy was obtained. It's essential to review the policy to check if in-home personal care assistance is covered.
2. Medicare: Medicare typically doesn't cover standard in-home care as it's considered "custodial care." However, it may cover personal care assistance if it's provided alongside home health care services from the same provider. Some Medicare Advantage and Medicare Supplement plans might also offer coverage for in-home care services.
3. Medicaid: While Medicaid doesn't cover custodial care, many states offer Home and Community-Based Services (HCBS) waivers to expand Medicaid benefits to include personal care assistance. Medicaid does cover home health care for individuals who meet both medical and financial eligibility requirements.
4. Life Insurance: Life insurance benefits are typically accessed after one's passing. However, in some cases, it may be financially practical to access these funds early to finance long-term care. This can be done through an "accelerated death benefit" from the insurance provider or by considering the sale of the policy to a third party for a cash payment. Review the specifics of your loved one's policy to determine if this option is suitable.
5. Veterans Benefits: Veterans may be eligible for the Aid and Attendance (A&A) benefit in addition to a VA pension. This benefit provides an additional monthly payment intended for long-term care expenses. Eligibility criteria often include needing assistance with one or more activities of daily living (ADLs). To learn more and apply for this benefit, visit the VA website or your local VA office.
6. Reverse Mortgage Loans: Reverse mortgages offer a way to access the value of one's home, essentially converting a portion of the home's equity into a cash payment while the individual continues to reside there. The Home Equity Conversion Mortgage (HECM) is a federally-insured option available to adults aged 62 and over to help finance long-term care or other expenses. It's important to note that the loan will need to be repaid with interest when the home is eventually sold.

When seeking financial assistance for in-home care with CARE REMEDY INC, explore these options to find the best fit for your situation.

 Our dedicated team is here to assist you in navigating the available resources and ensuring your loved ones receive the care they need while managing the associated costs.