How can I afford home health care services?
Those who wish to age in place can plan for the future by purchasing long-term care insurance or a life insurance policy with a rider for long-term care, sometimes called hybrid policy. But its not cheap: the most recent available information from the American Association for Long-Term Care Insurance, the cost averages almost $3,800 a year for a couple. We have personally found it to be quite a bit higher and it very much depends on the age of the couple and services needed.
What are the costs of home health care without insurance coverage?
Those without long-term care insurance often rely on an unpaid family caregiver for a time, but eventually many need to turn to paid help, particularly when the need for health-related services arise. The costs of these services range quite a bit: According to insurance company Genworth's 2019 survey on the cost of long-term care, the national average bill for a home health aide is $4,385 a month.
NOTE: You can get help paying for in-home care if you don't have insurance coverage for long-term care and can't afford to pay out of existing financial resources. These include, but are not limited to, Medicare, Medicaid, Veteran's Programs, tax deductions, and PACE. For more answers, including Medicare, Medicaid, and some lesser known options, visit our FAQ PAGE. >>