Financial Solutions for Long Term Care in Greenville, SC
Funding long term care can be achieved through planning and saving
Comfort Keepers of Greenville, SC, can help your loved one come up with a viable financial plan for long term care services. The main options for funding home care include Medicare, Medicaid, state programs, care insurance, veteran benefits, and out of pocket assets and savings.
Contrary to popular belief, in most cases, Medicare doesn’t cover long term care. Medicaid and state programs can be great solutions for eligible seniors, but they might not cover the entire sum. Care insurance can prove to be invaluable when it comes to paying for home care but it does come at a high price – the premiums are usually incredibly expensive.
Veteran benefits include financial aid for not just veterans but their surviving spouses too, which can allow many seniors to receive the care they need for free. As for out of pocket assets, this is perhaps the most common way of funding long-term care. Fortunately, this option is quite affordable when set side by side with the price of alternatives.
While we understand that the figure might seem too high at first, it is important to note that the average cost of a nursing home is $6,000 per month! The services we provide are not just reasonably priced compared to other care solutions, they are also highly-personalized to meet your loved one’s specific needs.
Moreover, you will not have to switch to working part-time in order to devote yourself to caregiving, which can significantly affect your financial situation and leave you with little options when the time comes for you to retire. Instead of dealing with the stress of caregiving on your own, you can get all the long term care assistance you need and spend quality time with your loved one.
If you have any questions for us about financing your loved one’s care, please contact us or call us today at (864) 641-4274.