Private Pay

Most often, patients and their families are forced to use their savings and assets to pay for long-term in-home care due to the fact that many people cannot afford long-term care insurance and many do not qualify for Medicaid or their Medicare coverage is very limited. Paying out of your own pocket allows the recipient of care to choose the form and setting that they prefer. The cost of care will depend on the amount of care the patient requires.

Medicaid

Those who receive Supplemental Security Income (SSI) are likely to qualify for Medicaid automatically. You can also qualify if you have limited income and assets.

Long-Term Insurance

Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility. However, coverage is expensive and premiums increase with the age of the purchaser.