Footing the Bill for Home Health Care - Paying to Keep the Elderly in Their Homes

When you find ways of footing the bill for home health care, it allows your family to stay closer together. It also allows seniors to keep a little bit of their independence and dignity.

We should be proud to look after the elderly. These are people who took exceptional care of us, and now need our support to stay in the comfort of their own homes. They worked hard throughout their life, most raised families of their own, and helped their children to become successful adults. Now, many cannot manage to do the physical or mental tasks that they used to do, but all they need is a little assistance from us.

Instead of going to an assisted living facility, some people today are choosing to stay in their homes. But to do this, most will need financial assistance to help pay their bills.

Paying for home health care allows senior citizens to remain in their homes. In most cases, it costs less than assisted living facilities and nursing homes. The most noteworthy aspect of seniors remaining at home is that they are close to those who love them the most, and they remain in familiar surroundings.

Footing the Bill for Home Health Care - Paying to Keep the Elderly in Their Homes

The biggest question is: how is it possible to pay to keep the elderly in their homes, or in the homes of their children? Here are some workable solutions:

• Life Insurance - There are many life insurance policies that can be converted into home care payments. This allows seniors a way of retrieving some of that money they have been paying all of those years. This applies to Term, Whole, Group, and Universal Life Insurance.

This is possible through Life Care Funding ( http://www.lifecarefunding.com ). It is available in all 50 states, and if your loved one qualifies, it can begin paying for home care immediately. In addition, there is a percentage set aside to pay for funeral costs, and if there is any money remaining, it will go to the beneficiaries.

• Medicare and Medicaid - Medicare and Medicaid help needy seniors to pay for some of their home care expenses. The U.S. government has rules and guidelines to see if your loved one qualifies. Check their websites for more information.

• Health Insurance - It might be possible that there are clauses in your loved one's current health insurance policy that pays for some home care. Have a close look at their policy, and you can also contact their insurance agent or the insurance company for more details.