3 Ways To Pay For Senior Home Care Costs On Short Notice


Even though senior homes are extremely popular, they are not everyone's cup of tea. Some seniors and their family prefer home care options. Home care allows seniors to receive the care they need without having to relocate from their home to a new facility. With all the convenience that senior home care offers, it can be costly. People tend to save for years in advance in order to afford these services. However, a sudden emergency may require the immediate need for senior home care. Paying for the costs of these services may be difficult to do on short notice. Fortunately, there are a few tips that you use in order to pay for senior home care in a short amount of time.

Apply for Home Care Loans

Home care loans are intended to operate as short-term loans. The loan is available for seniors that are waiting for their primary financing to go through. It is expected that once the primary financing is approved, it will be used to immediately pay back the loan. The loan is ideal for individuals who need home care immediately and have no other means of affording it.

Apply for Program of All-inclusive Care for the Elderly (PACE)

PACE provides all-inclusive care for seniors who decide to stay in their home. The program pays for anything from food to transportation. PACE is open to both Medicare and Medicaid recipients. PACE has a few requirements that you have to meet in order to apply:

  • Must be 55 years or older
  • Must live in an area where PACE is offered
  • Must receive nursing home care

Caregiver Tax Credit

The caregiver tax credit is designed to give caregivers a break on taxes if they are caring for an elderly person. In order to do this, they must claim the person as a dependent. According to AARP, in order to claim a senior as a dependent, the caregiver must do two things:

  • Provide the majority of the individual's medical care.
  • Spend 10% of your gross income on the individual's medical costs.

Once the caregiver receives a tax break, the savings can be used to pay for senior home care.

Deciding how you will be able to afford senior home care can become stressful. If you have very little time to come up with the funds, then this may make the process even more taxing. As a result, use this as a guideline to find a way to pay for your senior home care costs on short notice. For more information, talk to a professional like Queen City Home Care.


14 October 2015

improving home health care by improving communication and organization

Having a home health care worker come to your home and assist you in the care of your loved one can make an impossible situation possible. One of the most important elements of having a care worker effectively assist your family is organization and communication. The care worker coming into your home should be documenting the care that is provided each and every day and you should be documenting the care you provide when the care worker isn't around. This blog will provide you with tips for staying organized and improving the communication between you, your health care worker and your loved one's doctors.