Paying for Home Care
Golden Years understands how important it is for your loved one to continue living independently at home for as long as possible. For this reason, we are committed to providing affordable superior quality care for our clients any way we can. Although our services are private pay, meaning paid for by personal income or assets, we have provided a list of options that you may qualify for that can help relieve some of the financial burden.
Long–Term Senior Care Insurance
Long-term care insurance covers home care, and if needed, nursing home services This type of coverage was designed to provide care when the senior is no longer able to care for themselves at home. Another benefit is that it protects your senior loved ones assets. Long-term care offers flexibility in care and can be used to cover much of the costs. Golden Years works with most long term care insurance companies, and can help you access these benefits.
If your loved one has equity in their house, a “reverse mortgage” is a great way to supplement costs associated with home care. A reverse mortgage is a loan against your home that you don’t have to pay back as long as you live there. A reverse mortgage allows you to turn the equity of your home into cash without having to repay the loan each month. Qualifying is fast and simple. If your loved one has equity in their home, they most likely have already qualified for a reverse mortgage.
Veteran Care Services
Are you looking for a resource for a veteran or their survigin spouses? As one of the largest departments for verterans, the United States Department of Veteran Affairs was designed to provide for veterans who are:
- Chronically Ill
- Unable to live alone
The Golden Years Care team specializes in assisting those who have servied the United States. We always make sure that our veterans received top-notch care. Along with our promise of quality care, we offer a 5% discount to any veteran who uses our services 20 hours or more a week, for 30 days.
Viatical Or Life Settlements
If your loved one has a life insurance policy some companies will offer owners the option to sell their policies by paying a percentage of the total benefit in exchange for the policy. The owner is given a lump sum payment that is greater than the cash surrender value.
State and Local Assistance
As an additional resource, many states have locally funded programs that offer assistance to those who qualify. Call the Department of 916-486-1876 for more information contact your local Golden Years In-Home office.