With concerns about the safety of seniors group-living facilities, living in their home now seems like a much wiser option. Often, all that’s needed for an older person to be able to live at home is finding an in-home caregiver who can help with things that have become difficult to manage, like grocery shopping, cooking, house-cleaning, bathing, and other tasks. The bigger challenge is finding a way to pay for an in-home caregiver. For 17 years, we’ve been helping senior homeowners and their families in Marin County and the Bay Area identify sources of funding for in-home care, and help them make the choice that’s best for them.
Answering the following questions can help point you to resources that may be able to help you fund the elder care you deserve.
Do you have long-term care insurance?
Check your policy to see if it provides benefits for home health care.
Check your policy. You may be able to use a portion of the policy’s cash value to pay for your care.
If you’re a veteran of any of the United States armed forces — Army, Navy, Marines, Air Force, Coast Guard, National Guard) you may be entitled to benefits that can help you stay at home.
There may be federal, state, and local programs designed to provide senior support in your community.
If so, you may have access to limited benefits that will help get you back on your feet following hospitalization for an illness or injury.
You may be able to qualify for Medicaid after first spending down your assets.
If so, you may want to consider selling your home or moving to a smaller or less expensive residence to reduce expenses.
Have you paid off your mortgage or a significant part of it? It’s likely that the value of your home has increased significantly since you bought it. These factors may make it possible to turn a portion of your home’s value into cash with a federally-insured Home Equity Conversion Mortgage (HECM). A HECM is a government-guaranteed loan that’s only available to homeowners over age 60. It’s like a regular home mortgage—except there aren’t any monthly mortgage payments due for the entire time the seniors live in the house. All repayment is deferred until after the senior(s) have permanently moved out. Any funds you borrow from your home’s equity will not be counted as income for *tax purposes. There are no restrictions on what you do with these funds. You can use these funds to pay a caregiver’s salary, medical bills, home renovations — even buy a car, or pay for college tuition. You can also arrange for it to be held as a line of credit, ready to use whenever it’s needed
Elders usually prefer to stay home and hire an in-home caregiver, rather than living in a clinic. However, for the seniors with limited income, the major issue is to get funds for hiring all timer caregiver or nursing home care in their homes. Now, you can avail of senior care facilities for dementia services and Alzheimer care, and get Medicare benefits as well. We have been helping patients with all their financial care needs and providing them with live-in care they need to feel better and recover quicker. We are also offering elderly care services for shopping, along with elderly care services for meal preparation, elderly care services bathing, elderly care services for cleaning. Besides, after getting eligible for Medicare assistance and Medicaid services, they will be able to get funds from the finance of America.
We are helping senior homeowners get a jumbo reverse mortgage to help meet their mortgage needs. With that, they can convert their home equity into cash so that they can pay caregiver’s salary, medical bills, and home renovation loads. We aim to meet all the health coverage for seniors and help them get Veterans pension benefits and air force pension benefits. Besides, we can help avail of Medicare help for seniors and also Government grants and Government assistance. Our caregiver help for Veterans is providing part-time elder care services along with Alzheimer’s care and memory care.
Are you 65 years old or more? Or you have some disability and want Dementia home care grant? If so, then we can help you with that by providing Medicare services. Medicare help for seniors is surely a knight in shining armor. If they do have not enough income to pay for senior care or all time care giver. We make sure that you get all senior citizen benefits without any hurdle. Hence, paying for Dementia care, or paying for any other care services is not a problem for you anymore when we have got you covered.
