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7 Ways to Pay for Home Care


In-home care is typically paid for out-of-pocket. However, that's not always the case. As you develop a long-term care plan for yourself or a loved one, consider factors such as medical needs, family support system and budget. Here are 7 ways that can cover the cost:

  1. LONG TERM CARE INSURANCE (LTC) - covers personal care services, such as bathing and dressing. Check with your LTC insurance agency about coverage or contact us for a free insurance eligibility verification.

  2. VETERANS PENSION - AID & ATTENDANCE - those veterans and spouses receiving a VA pension may be eligible for a home care allowance through the Aid & Attendance benefit. Visit www.benefits.va.gov/benefits for more information.

  3. CATASTROPHIC AUTO INSURANCE - catastrophic auto insurance acts as a personal-injury protection or "no fault" insurance in the event of an accident. Check with your insurance agency about coverage.

  4. WORKER'S COMPENSATION - may cover home care costs associated with an illness or accident on the job. Check your insurance about coverage or contact us for a free insurance eligibility verification.

  5. REVERSE MORTGAGES - available to people 62+ who own their home. Funds can be sent in monthly installments or a lump sum. Shop around if you are considering a reverse mortgage. Visit www.consumerfinance.gov/askcfpb for more information.

  6. MEDICAID - may cover home care services through a waiver program, which vary by state. Contact your local Comforcare office to see if it participates in a waiver program.

  7. FAMILY FUNDS - siblings and other family members may agree to cover the cost of home care. To set up a formal agreement, consult an elder law attorney for guidance.

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