You’re worried about Mom or Dad living alone.

You live far away and have a job that won’t allow you to provide the care they need.

And they want to be able to continue in the home they’ve known for years.

How do you reconcile all of these?

One of the best ways is to work with a professional and licensed home care agency.

But just like anything else, it’s important to count the cost before you hire a home care agency.

And perhaps you’re reading this because you’re worried that home care will be expensive.

If this is you, you’re in the right place.

In this post, I’ll go over 5 ways you could get the money you need to pay for home care.

5 ways to pay for home care

Medicaid

Depending on the state and whether your loved one meets income and medical needs requirement, Medicaid could pay for home care.

In those states where Medicaid does pay for in-home care, your loved one may have to have severe physical or mental limitations to qualify.

If you think your aging loved one meets these requirements, you can call Medicaid directly to find out what you’ll need to get that assistance.

Long term insurance

Ask your loved one or investigate to see if they have long-term health care insurance. This could pay for some of your home care costs.

The PACE program

PACE stands for Programs of All-Inclusive Care for the Elderly.

It is a Medicaid and Medicare program that is aimed at keeping the elderly out of nursing homes.

In order to qualify, your loved one has to “in need of nursing home-level services”.

If you live in an area where PACE is offered and your elderly loved needs to meet the following criteria to be eligible.

  • You must have Medicaid or Medicare to join PACE
  • Age must be 55 or older
  • Must be able to live safely with the help of PACE
  • And as I mentioned above, they must need nursing home-level care

PACE will cover:

  • Home care
  • Adult day care
  • Nursing home care
  • Nutritional counseling
  • Occupational therapy
  • Physical therapy
  • Prescription drugs
  • Preventative services
  • Social work counseling

So if your loved one already has Medicaid or Medicare

Veterans Benefits

If your loved one served in any section of the United States Armed Forces, they may qualify for services including home care services.

Call the Veteran Affairs Administration directly for details on how to access those benefits.

State and community-based services and waivers

Your state or local community may have services that allow your aging loved one to continue to thrive at home.

This can include financial assistance.

Your state’s and local department of health and human resources can help you locate these services.