You are here: DIME Home > Public Relations > What Assistance Is Available To Help Pay For Care?


What Assistance Is Available To Help Pay For Care?

Paying for Senior Care is a very important issue that every family needs to deal with. There are many financial questions that need to be answered, as part of the overall search for the best solution for your loved one.

Author: Albert Simpson
Date: Nov 14, 2009 - 12:59:46 PM


Printer FriendlyPrinter friendly page

Paying for Senior Care is a very important issue that every family needs to deal with. There are many financial questions that need to be answered, as part of the overall search for the best solution for your loved one.

    * How much money does the parent have saved for retirement?
    * Are there assets that can be used towards senior care costs?
    * What do Medicare, Medicaid and Medigap pay for, and does my loved one qualify?
    * Do you have long-term care insurance and if so – what does it cover?
    * Do you have, or should you get Medicare Supplemental insurance?
    * Do we need to hire a financial advisor, and if so - how?
    * What about a will?
    * Who pays for geriatric care services?
    * What will my VA benefits cover?
    * Does Your State Accept Medicaid for Assisted Living Facilities?
    * How much do the various facility types cost? And what are the differences? When searching for facilities on OurParents, make sure that you look at the starting prices when comparing facilities.
    * Is it more expensive to go to an assisted living facility or is it better to stay at home and provide In-home care?

Planning for long-term care is complicated. Each person's needs are unique; therefore, the cost of long-term care varies greatly. Some social and physical assistance is available for free or at a low cost, while very expensive nursing home or home health services can cost upwards of $200 per day. There are many different ways to finance long-term care. You will probably need to use a combination of payment sources, which may include Medicare, Medicaid, long-term care insurance and other programs, in addition to your own resources.
It is recommended that you  consult a professional such as an elder law attorney, financial planner or an accountant when planning for long-term care; this person should be well versed in estate planning, public programs like Medicaid, and the issues and needs of older persons..
Here are many of the options that may be available to you to help pay for senior care:
Medicare, which for long-term care, covers some skilled nursing care either in a nursing home or in the home along with hospice care.
Medicaid, the partially federally funded, but state-operated program provides medical care for certain low-income individuals and families who have limited resources. Medicaid usually covers nursing home care, but in some states funding is available for assisted living, homecare or home health care.
Medicare A & B enrollees who are not Medicaid recipients can sign up for and covers some nursing home care.
Managed Care (HMO) provide enhanced services for nursing home care above Medicare's basic offering along with additional medical assistance outside of long-term care.
Long-term Care Insurance (LTCI) can cover anything from non-medical homecare to nursing care; however, it depends on the type of policy you purchased.
Veterans Benefits will cover adult day health care, home health care, respite care and hospice care.
    

My Albert Simpson has been actively involved in OurParents - Find the Best Nursing Homes, Assisted Living and In-Home Care
 - and is very keen to continue working on it.

 



View all articles by Albert Simpson

Link to this article:

Code to copy: <a href="http://www.dime-co.com/public-relations/What-Assistance-Is-Available-To-Help-Pay-For-Care.shtml">What Assistance Is Available To Help Pay For Care?</a>




Related Articles...

Use an experienced personal injury lawyer for better remuneration

Jul 22, 2010 - 11:59:36 PM

Personal injuries have become a common issue in today’s times. The trouble with them is that many times the compensation received by people can be very low. This is why personal injury lawyers are such an important service to have. These lawyers specialize in the legal branch that deals with personal and physical injuries and help the victim stay clear of problems and help them acquire valid and required remuneration. This can be very useful to the victims in recovering stability in their lives.... [Read the full story]

How to Make the Best Out of ToyFair with Public Relations

Jan 9, 2010 - 5:31:38 PM

Toy Fair 2010 is just a month away.  For many it can be a make or break proposition.  Competition for that one lucky break to put your toy or game on that map is stiff.  Not only are you competing against hundreds of others who are seeking that same lucky break, you are also competing against the major players in the toy industry such as Matel and Hasbro.  What then can you do to ensure that Toy Fair is a success for you and that you get the coverage essential for success and what are some pitfalls to avoid?  The answer is to have a strategic public relations and marketing campaign just for Toy Fair like you do for your business year round.... [Read the full story]

Mastering Astral Projection

Dec 22, 2009 - 4:08:28 AM

... [Read the full story]

Tiger Woods Getting Bad Advice from 'Publicists' According to Jay Haugabook of Next Level Management Firm

Dec 8, 2009 - 11:36:27 PM

... [Read the full story]


Newest Articles in Popular Topics:

Business & Marketing Computers & the Internet Entertainment Health & Fitness
Finding Ways To Save Money And Maximize Revenue In Business
Cooper's Golf Park Tees Off Their New Website
Fiinovation Adjudged CSR Team of the Year & Caring Company at World CSR Day
Reasons Why Kale Realty is the Best Real Estate Firm in All of Chicago
Montreal Tech Startup Kangaroo Rewards Launches Mobile Loyalty Program for Local Merchants
It is time we break out of the SEO Shelter
3 Strong Reasons You Should Start Your Own Blog
Evolve Your Career With CompTIA A+ Certification Exam
High speed VMware Backups - Powered by UltraBlaze() from Vembu
Things to Consider When Selecting a Domain Name for Your Website
Fling Boom "Launches" This Holiday Season
Beautiful Abstract Canvas Art is Up for Grabs
Buying Art as a Gift: Tips From an Expert
Complete Guide to the 2014 Gatlinburg Fine Arts Festival Released by Jackson Mountain Homes
Learn Blues Music Online-Alternative to Traditional Piano Lessons
Causes and Treatment of Acne
What Type Of Constipation Home Remedies Are There?
Manual Wheelchairs: Buying One
Instant Facelift with Dental Implants
Lasik Surgery Leading Correction Of Vision Issues

Home & Family

Shopping

Sports

Travel
Enhance Your Learning Experience Through Best Responsive Elearning Development Tools
Best Apps for Learning German
Esvees is Cranbourne's Elite Hair Dressing Company
Ozone Generator
Practical Tips When Choosing Gates and Gate Openers for Your Home or Business
Why Cases are Required for Mobile Phones?
Are Dealership Services Worth It?
2015 Jeep Grand Cherokee Named Must-Shop SUV for Towing from AutoTrader.com
Online Selling With An Appraisal Advantage
Macsome AudioBook Converter released New Version V2.0.4
Aditi Ashok signs off with a double
Softball Coaching: Avoid Becoming A Nattering Nabob of Negativity
Softball Coaching Tips - The Funnel Approach
Pick Up Specialized Advice on Jumping Exercises Which Are Highly Effective
Vertical Jump Training Tactics to Increase Your Athletic Performance
Tips for Choosing the Right Paris Short Lets
Hostels - the best choice for working womens and college students
Perfect holiday? Book a cruise and sail in Croatia!
Say Aloha to Your Best Vacation Ever with Kohala Coast Properties
The Perfect Guide for a Fantastic Family Trip to Kansas City

 



Follow & Share Your Favorite Video Articles

Tell a Friend About This Site



Chamber of Commerce - on the Web logo



Subscribe to the eMarket SmartsTM Newsletter in order to keep up to date with what's happening with dime-co.com, get the emails on new video articles, featured articles, and more. Your privacy is always protected. We never rent, sell or trade your private information

:
:

Service provided by GetResponse Autoresponders


Recommended Associates


Latest Articles in All Categories


Putting Up a Small Commercial Printing Business
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now
Meditation and Mindfulness: Dealing With Emotion
CPA Websites: Five Essential Ideas for Composing Convincing Articles
Set Goals In Order to Come Up With Your Action Plan
Is the Air in Your Home Safe to Breathe?
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod
Section 1031 Exchanges For San Diego Real Estate Investors
Phoenix Real Estate Investing For Highest Possible Earnings
Legendary are the Volk Racing TE37 Wheels
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study
What are step down transformers?
Introducing Sharehype, the Revolutionary Tool for Online Marketers
Rewards To Shopping For Austin Real Estate On The Web
Hydroponics for Beginners



Do you write?

Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.

Dime-co.com Home
  • Business (9328)
  • Computers & The Internet (5740)
  • Entertainment (1348)
  • Family (958)
  • Finance (1963)
  • Health (4246)
  • Home and Living (6670)
  • Marketing (6113)
  • Shopping & Product Reviews (2624)
  • Sports (694)
  • Travel and Vacations (1689)
  • Video Articles (1)
  • Editors Pick (1)