Planning & Funding Care
Understanding your options for long-term care funding and financial planning.
The cost of long-term care for seniors varies as much as the types of care available. Senior care can range from a few hours a week of personal or companionship care to full-time in-home care, or skilled nursing care.
Many mistakenely believe Medicare is the answer, but it covers only a very narrow range of costs. It's important to understand the benefits and limits before planning.
How will you pay for long-term care?
Options include Medicaid, long-term care insurance, Veterans Administration benefits, and out of pocket.
Funding Options
Veterans may qualify for Veterans Administration benefits to cover some of the cost of in-home care.
Paying Out of Pocket
Seniors often must tap into savings and assets for long-term care.
Medicare applies to long-term care in limited circumstances, such as following a hospital stay.
- Short-term, physician-prescribed home health care
- Hospice care
Need Help Planning Your Care?
Our team can help you navigate funding options and create a care plan that fits your budget.
Contact Us Today