The most common payments options for in-home care services
Cash
Since non-medical home care is not covered by Medicare, many people must use their own personal savings and income to cover the cost of in-home care.
Medicaid (accepting clients soon)
For people who meet their state’s eligibility requirements, Medicaid will cover or partially cover non-medical home care. Coverage is typically provided through Home and Community Based Services (HCBS) or Medicaid Waivers to people whose income and assets fall below a certain threshold. Wait lists are common.
Veterans Benefits(accepting clients soon )
Veterans can receive financial support for home care services through the following programs, each with its own eligibility requirements:
Insurance
If specified in the policy, home care services may be covered by long-term care insurance or whole life insurance that has a long-term care rider. Another option is to convert a life insurance policy into a plan that covers home care services, or to cancel the policy completely in return for cash.
State Programs(accepting clients soon)
Many states have programs to help cover the cost of non-medical home care, particularly for people who don’t meet Medicaid’s financial requirements, but who are still considered low income. These programs are designed to keep seniors out of skilled nursing facilities, which are far more expensive for states to fund.