TOLL-FREE: (877) 227-3195Paying for Senior Care in Massachusetts
It’s that time of year again. Soon it will be summer and then back to school! This time can be joyous, as your child is facing yet another fulfilling year at college and learning new things, but it can also be a stressful period when you try to figure out how to pay for the tuition. Add this bill to the one you already pay for home care for your aging parent, for example, and you may feel yourself stretched too thin. After all, the average cost for an in-state public college is nearly $23,000, while the cost of a private college averages about $44,750, according to College Data. But fret no more! While you may have no control of the rising cost of college, you can take advantage of more affordable home care options for your loved one.
The cost of private home care in Massachusetts can seem daunting, especially when you consider the fact that most private expenses for this type of care are paid out of pocket. That can certainly drain the budget pretty quickly if you don’t know where to look for assistance from helpful resources and programs aimed at helping people just like you afford the home care your loved one so desperately needs
. Advanced Home Care Services offers information on many affordable options for you, ranging from private and long-term care insurance to reverse mortgages and worker’s compensation. When it comes to private health insurance, don’t assume that your policy doesn’t cover extra services like home health care. Yes, most insurance companies will only pay for hospice and sometimes skilled home care services, but some do cover non-skilled personal home care, so be sure to check. Long-term care insurance used to solely cover lengthy nursing home stays, but many have extended their coverage to include companion and personal care services . Does your loved one have equity in their home? If so, they may be able to obtain a reverse mortgage, which essentially turns equity into quick cash that you can use for home care services. Lastly, if your loved one is home-bound due to a work-related injury, they may be eligible for workers’ compensation benefits.Exploring your senior care funding options doesn’t take long, but it may save you some money in the long run. Advanced Home Care Services can help.