Helpful FAQs On Paying For Elderly Home Care Services 

When it comes to paying for home care, the Home Instead network has decades of experience. Your local Home Instead® office will be happy to help you explore your options available to pay for the care you or your elderly loved one deserves.
Elderly woman kissing her dog while sitting at home.

A: You have a number of options when it comes to paying for senior care. Some options to cover this cost might include:

A: In our experience, private pay was the main way people covered the cost of senior care. But there are many more options, including long-term care insurance, veteran’s benefits and even Medicare Advantage plans.

A: Medicare insurance itself generally will not pay for in-home senior care. However, recent rule changes by the Centers for Medicare & Medicaid Services could allow Medicare Advantage plans to cover a variety of senior support services in the home. Please work with your insurance company to determine what care could be covered for you or your loved one.

A: If you or the person who wishes to receive care has a Medicare Advantage plan, talk to the insurance company to find out what types of in-home senior care services it will cover. Many Medicare Advantage plans now cover a wide variety of in-home care services, such as meal preparation, medication management and transportation. These covered services vary by insurer, so check to find out how Medicare Advantage plan might lower the cost of care.

A: The answer depends on the individual policy. Talk to the insurance company or agent to find out if the LTC policy covers in-home care – and, if so, what types of services will be reimbursed.

A: The Veterans Administration (VA) offers a multitude of financial programs for veterans and their families. Some of the funds from these programs may be used to pay for senior care services. Speak with the local VA office to find out what financial support programs you or your loved one may qualify for. Your local Home Instead office may also be able to help you.

A: Each state sets its own rules for how Medicaid funds may be used. In many states, a Medicaid waiver could possibly be used to cover the cost of senior care.

A: Many families want to see their loved ones age with independence and dignity in the family home – or whatever setting the senior prefers. Adult children and grandchildren can contribute funds in equal shares or proportionally to support their family member’s needs. Before initiating this type of plan, you might consider seeking the counsel of an attorney for certain things to consider such as cash gifting regulations.

A: Yes! Home Instead partners with HFC® to administer grants for deserving families providing care to a loved one with Alzheimer’s or another form of dementia. These grants cover the full cost of Home Instead services for a period of time. Learn more and apply for a Dementia Home Care Grant.