What are people using to pay for home health care out of pocket?
Many create a budget to pay for home healthcare from multiple sources, among them:
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Annuities
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Investments and savings
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Life insurance policies that can be used for qualified home-care expenses through cash value or an accelerated death benefit
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Borrowing, for example by taking out a reverse mortgage or home equity loan
Is there available government financial assistance for home health care?
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.