Home health care New Hampshire clients have many options available when paying for home care services. MAS Home Care accepts the following:
Billing can be done on a weekly, bi-weekly, or monthly basis, depending on which is the most convenient for you.
The cost of home health care can be significantly less expensive than a nursing home facility. Though more affordable, no matter who your home care agency is, certain options may be more appropriate for you and your family. Your location in the country and level of service necessary may result in a price higher than the national average. Everyone’s situation is unique, and while some may be able to pay out of pocket, not everyone is able to do that.
The following are some words of wisdom when determining how you will pay for home care so you can continue living in a familiar and comfortable setting surrounded by loved ones.
Consider Long-Term Care Insurance
Private health insurance may cover short-term home healthcare, generally with a co-payment attached. However, for long-term needs, separate long-term care insurance coverage will provide greater protection.
Look into Benefit Programs
Medicaid or the Department of Veteran Affairs (VA) medical benefits may cover the full cost, or most of the cost, of home healthcare for those that meet the requirements. New Hampshire residents can find more information about NH Medicaid coverage at the New Hampshire Department of Health and Human Services website.
Contemplate a Life Insurance Policy Conversion
A little known fact is that life insurance policies can be converted to help finance your current long-term health care needs. Provisions are set aside for a funeral and any money not spent on health care will go to the policy beneficiaries. Instead of dropping the policy because it is not affordable, it can be used to your benefit by selling the policy and putting the money into a fund designated specifically for your care.
Do Some Financial Planning
The process of finding the funds can be overwhelming. There are financial planners out there who specialize in dealing with the finances of the elderly, known as elder care financial planners. (Note: Not all financial planners have a great deal of experience with long term planning or with local programs.) Experts that are familiar with elder care and planning for long term medical needs can assist in determining which care options are affordable for you, forecast cash flow, and inform on what programs are available to help.
Still not sure what to do? Contact MAS Home Care right away. We offer a free in-home assessment and can show you just how affordable home care is. Call 603-296-0960 or email NH@mashomecare.com.
MAS Home Care provides in-home care services in Maine, Rhode Island, Massachusetts, and New Hampshire.