Pay for Facility Care
There are multiple ways to help pay for facility care for seniors. Depending on your loved one’s situation they may qualify for a myriad of grants, Section 8 housing, or HUD housing. Other options include Long Term Care Insurance and financial planning options, such as selling your home or getting a reverse mortgage.
The grants available to seniors for assisted living facility care are mostly intended for respite care, which provides temporary relief for the primary caregiver, i.e. son, daughter, husband, wife, or other loved one. There are numerous grants available, for example, many states have a Veteran’s respite voucher. There are also grants that are only available to certain areas; These grants usually provide funds either once a year or every six months to help pay for a short term stay in a facility. They usually range anywhere from $600 to $1000. In many cases the senior only needs to show a need for the care and the lack of money to pay for it. There are also grants available for certain diagnosis, such as cancer, alzheimers or dementia, hiv/aids, and autism.
For more information about grants for facility care feel free to call us at 1.866.775.0028 or fill out this simple online form.
Section 8 Housing & HUD Housing
Many cities across the nation offer Section 8 or HUD housing, which is for lower income families, that can help cover the cost of assisted living or independent living. The rates are usually on a sliding scale that is determined by the individual’s or families’ income. Many facilities have waiting lists for rooms to become available, but it the program is still very helpful for seniors with lower income, especially when they need some assistance in the home.
For more information and help applying for Section 8 & HUD housing feel free to call us at 1.866.775.0028 or fill out this simple online form.
Long Term Care Insurance
A long-term care insurance policy helps cover the cost of Long-Term Care, including assisted living and other facility based care. There are many reasons to purchase a long term care policy. A Long Term Care Insurance policy will help cover some, if not all the costs of care, and will help you from becoming a burden on your loved ones. A policy will also give you a better choice in the way you receive the care you need.
A long-term care insurance policy provides for different types of care in a variety of settings:
- Skilled care includes nursing care and physical, occupational,
respiratory, and speech therapy from licensed professionals that may
or may not be received on a daily basis.
- Custodial care is the most widely used type of care, and includes
help with day-to-day activities such as eating and dressing. which can be used with a non medical home care agency, and assisted living facilities.
The cost of long-term care insurance will vary depending on your age, health, and the level of coverage you purchase. VIDA Senior Resource specializes in helping you find a policy that fits your needs or if you already have a policy we can help you understand what it covers.
For more information or help with Long-term Care insurance for facility care feel free to call us at 1.866.775.0028 or fill out this simple online form.