What Every Family Should Know About Paying for Care

Choosing in-home care for a family member or friend can be a challenging task and one of the most important decisions you make. Our hope at the Home Care Association of America is to be a resource on choosing care, finding care and knowing your options for paying for care. 

There are many programs that have been developed over the years to help pay for care as one ages. Each has different requirements for qualifying and each has different benefits. This page is dedicated to providing several commonly utilized programs.

Also, we're providing a few key questions you can ask as you research care, to help you learn if you qualify for support in paying for care.

Veteran's Programs

Special benefits exist for paying for in-home care for Veteran's and their spouse who qualify. The VA Aid and Attendance or Housebound benefits provide monthly payments added to the amount of a monthly VA pension for qualified Veterans and survivors. If you need help with daily activities, or you’re housebound, find out if you qualify by clicking the button below.

VA.gov

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​Medicaid & Medicare – Statewide Programs

As of June 2019, all 50 states and D.C. have at least one program that provides assistance to elderly individuals living outside of nursing homes. Be that at home, in adult day care, in adult foster care, or assisted living. Most states offer multiple programs.

Click the button to find out if you qualify and the programs are available in your area.

Medicare.gov

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Financial Services & Tools

There are several financial tools that you can consider to help offset the cost of care. Here's a few:

• Long Term Care Insurance - Some Long Term Care Insurance policies include benefits for in-home care. Check with your policy provider to see if you policy includes this. 
• Life Insurance Policies - Like Long Term Care Insurance, your Life Insurance Policy may include benefits for in-home care as well. Contact your provider to determine the specific benefits of your policy.
• Home Equity Lines or Reverse Mortgages - Depending on your credit, using banking tools like Home Equity Lines or Reverse Mortgages can allow you to borrow on the equity of your home to afford the care you may need. Talk to your banker or financial advisor to see if this option is a smart approach for you.

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