31 Oct Home health care options
What Happens to Seniors If They Have No Money?
Getting old comes with many challenges. The elderly may not be able to get around like they used to, and they may find being social is more challenging, but one of the biggest challenges is finances.
Some seniors find they haven’t saved enough when it’s time to retire, while others are living longer than they ever imaged, which means they run out of funds.
What are some home health care options for seniors who require care, but don’t have a lot of extra money to pay for the support they need?
Seek financial support
One of the best ways to gain access to the most home health care options is to seek financial support. Resources vary by city and state, but all communities have programs and financial assistance options that are designed to assist seniors who don’t have any money. Seniors who don’t have a lot of money should check with social service agencies and service coordinators at assisted living communities to learn more about what’s available in their particular area.
Get a loan
Surprisingly, loans can be an option for some seniors. An Elderlife Line of Credit allows up to six co-contributors to share the cost of home health care options and services. A more traditional type of loan can also be a great way for family to pay for a loved one’s care.
Move to a new location
Most seniors don’t like the idea of moving, but it can be a great way to get the home health care options they need. By downsizing to a smaller house, a senior can use the extra funds from the sale to pay for their care. Home costs can also be more affordable in rural communities and some suburbs.
At Life & Health Care, we can provide you with home health care options, even if you’re on a strict budget. Give us a call to learn more about our budget-friendly care options today.