Financial Options

You want the best for your loved ones. You know there are many excellent care options available but you can’t imagine your mom or your dad living anywhere else but home. They, too, want to age in the place that they know best. They don’t want to leave behind all the history and memories that their home holds.

And are most comfortable in many people your parents’ age feel the same way. Given the choice, most seniors opt to stay in their own homes as they get older. Whether your loved ones require round-the-clock care or just help with personal care and housekeeping, home health care services can help keep them living safe at home with comfort, independence, and dignity. For many seniors, changing surroundings and routines can be confusing. Staying home, on the other hand, allows them to live in comfort and familiarity. In fact, studies show that individuals 65 or older who live in their own homes rather than move to a retirement or nursing facility actually increase their mental health as they age.

Understanding your payment options

Everyone has unique circumstances. The process of determining the best option for home care and the associated costs can be daunting. For that reason we wanted to explain some of your funding options. Our dedicated staff can answer any initial questions you might have, but we cover everything in depth during the consult in order to develop customized plan.
Let us help ease the hassle of paperwork and dealing with insurance companies.

Many home health care agencies accept a variety of payment options and are often willing to work with your family to plan appropriate financing. Your parents may qualify for benefits through one or more of the following options:

Long-Term Care Insurance. If your parents have been contributing to a long-term insurance plan, it may be time to take advantage of it. If your parents are already are in poor health or currently require long-term care, it may be difficult to enroll now in long-term insurance. Nevertheless, check with an insurance provider to learn more about what plans and premiums may be available.

Private Pay. Some families choose to pay for home care expenses out-of-pocket.Retirement income, savings, stocks, home equity, or gifts from family members are all possible sources for covering home care expenses. If you do choose to pay privately, BBHC is happy to work out payment terms with you.