One of the most asked questions, is how much does In home care
services cost? Good news! In Home Care is one of the most affordable
long term care solution options, when compared to private nursing homes
and assisted living facilities in Tennessee and across the country.
Research shows that at least 70 percent of people over 65 will need long term care services and support at some point in their lifetime and today In Home Care is the most afforable and most popular long term care support option.
There are several options available in paying for Care. Guardian Services can assist you with these payment options.
Guardian Care Group would like you to consider "A Place for Mom", as a great connection for Senior Care Services. Take a look at their 5 Best Kept Secrets in Financing Senior Care http://web28.streamhoster.com/apfmdev/care-compass.pdf.
Unfortunately, Medicare may limit or not offer any financial assistance when paying for In Home Care, please read for more information on what Medicare pays http://www.medicare.gov/files/ask-medicare-questions-and-answers.pdfay Options
Tennessee State Assistance Programs are now available to offer financial assistance with In Home health care.
- TennCare Choices Program, to see if you qualify visit http://www.tn.gov/tenncare/long_qualify.shtml
- Aging Commission of the Midsouth, to see if you qualifty visit http://www.agingcommission.org/family_caregiver0.asp
Veteran Assistance (VA), for military veterans there are several pension programs are available for financial assistance.
- Aide and Attendance
- Pension - Housebound
- Information on these programs and to see if you qualify, please read http://www.agingcare.com/Articles/vets-financial-aid-long-term-care-home-health-care-138105.htmPACE
Reverse Mortgages, if you are 62 years or older, this program allows you to convert part of the equity in your home into cash without trying to sell your home or pay additional monthly bills. For more information on this option, please read http://www.consumer.ftc.gov/articles/0192-reverse-mortgages
Life Insurance, there are three main options when using your life insurance to finance your long term care.
- Viatical Settlement
- Life Settlements
- Life Insurance Conversion
Long Term Care Insurance, is a great option to consider when future planning for long term care. Long term care Insurance can assist individuals that can no longer care for themselves.
Self Pay is another option available. First Choice will work with clients and families to provide a care plan for In Home Care services that are affordable. We also offer In House Financing options (subject to a credit check), with low deposits and monthly payments. We accept Visa and Mastercard. For more information regarding payment options and how to quality for certain programs, please contact us at (901) 435-6046.Other Financial Resources