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How to Pay for In-Home Care: A Comprehensive Guide for Families

How to Pay for In-Home Care: A Comprehensive Guide for Families

By Jamie Gong ·

Sep 30, 2024 ·

3 mins read

As more seniors prefer to age at home, in-home care has become a critical service to maintain their independence and well-being. However, families are often concerned about how to afford in-home care. The good news is that there are multiple ways to fund this essential care, ranging from private pay to government assistance programs. Here’s a breakdown of the most common options and how Care Hero can help streamline the process.

1. Private Pay

The most straightforward way to pay for in-home care is out of pocket, also known as private pay. This gives families the most control and flexibility, allowing them to hire caregivers directly and set their own terms.

Care Hero can help families hire independent caregivers while managing the administrative burdens, such as background checks, tax management, and payroll. This can save you 30-50% compared to using a traditional home care agency.

2. Medicare

Medicare provides coverage for in-home care, but only under specific conditions:

  • The individual must be under a physician's care.

  • They must be homebound and require skilled nursing or therapy services.

Medicare Advantage plans may offer broader coverage for non-medical services like help with activities of daily living (ADLs), but eligibility can vary by plan. Care Hero can assist in finding qualified caregivers who meet the requirements for Medicare-covered services.

3. Medicaid

For low-income seniors, Medicaid covers various home care services, including both medical and non-medical assistance. Many states offer Home and Community-Based Services (HCBS) waivers that cover non-medical in-home care, personal care, and transportation.

4. Long-Term Care Insurance

Long-term care (LTC) insurance is another common way to cover the costs of home care. These policies typically provide funds for a range of services, including home care, home health care, and respite care. Benefits vary based on the specific plan, so it’s important to review your policy for coverage details.

Care Hero simplifies the process of hiring a caregiver that meets your LTC insurance policy’s requirements, ensuring you receive the maximum benefit from your plan.

5. Veterans Benefits

The Veterans Administration (VA) offers multiple programs that help veterans cover the cost of home care. Programs such as Aid & Attendance and the Housebound allowance can provide monthly payments to help offset the cost of caregiving.

Care Hero works closely with families to ensure veterans receive the benefits they’re entitled to while connecting them with qualified caregivers through our platform.

6. Reverse Mortgages

A reverse mortgage allows homeowners aged 62 and older to convert home equity into cash to pay for care services, including in-home care. However, this option requires careful financial planning, as it impacts your home’s value and inheritance.

7. Supplemental Insurance

Some Medigap policies and private insurance plans may cover additional costs related to home care, but coverage is generally limited to medical services. Care Hero helps families navigate their options to see what coverage might be available.

How Care Hero Can Help You Navigate In-Home Care Costs

At Care Hero, we understand that navigating home care costs can be overwhelming. That’s why we offer a comprehensive platform that not only connects families with trusted, vetted caregivers but also handles administrative tasks like background checks, payroll, and compliance with state and local regulations.

By working directly with independent caregivers, families can often save 30-50% compared to using traditional home care agencies, all while receiving the support needed to make informed care decisions.

Whether you’re exploring private pay, long-term care insurance, or veteran benefits, Care Hero provides the tools and expertise you need to ensure your loved one receives quality care at an affordable price.

Next Steps: Speak with Care Hero

To learn more about how Care Hero can assist you in finding the right in-home care and navigating payment options, visit our website or contact us directly to speak with a care advisor.

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Find Your Care hero

Batten Hall, 125 Western Ave. Allston, MA 02134

Subscribe for the latest updates

© 2024 by Care Hero™

All rights reserved.

Find Your Care hero

Batten Hall, 125 Western Ave. Allston, MA 02134

Subscribe for the latest updates

© 2025 by Care Hero™ All rights reserved.