Paying for In Home Senior Care
Growing older is not for the faint of heart, and the cost of care can be a major factor in your search for home care. It’s often surprising to families to learn just how expensive providing care for a loved one at home or at an Assisted Living, Skilled Nursing Facility or Memory Care Center can be. In home care provides families with one of the most cost effective solutions to caring for an aging loved one compared to an Assisted Living Community or Nursing Home.
Most Common Ways to Pay for Home Care Services:
- Private Pay
- Long Term Care Insurance
- Community or Organizational Grants
- Veteran’s Aid and Attendance Benefit
- Reverse Mortgage
- Life Insurance Conversion
Everyone is impacted by aging. Whether it be our loved one’s journey of aging or our own, everyone is affected by a cost of providing aging-related care. View Genworth’s 2021 Cost of Care Survey for the latest trends in Home Care costs compared with other care settings.
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