Private Pay Program for In-Home Care

Professional Care Services in Elkins, WV

Professional Care Services in Elkins, WV participates with several programs to enable residents throughout our entire service area to access the in-home care and personal assistance necessary to deal with chronic health conditions, dementia, Alzheimer’s disease, illness, and disability, as well as the normal aging process. We understand the concerns that many of our clients have when it comes to cost of care. While medically necessary home health care is typically covered by several payment options, there may be times when no coverage is available or when non-medical personal care must be paid for out-of-pocket. Our Private Pay Program is designed to make the payment process as simple and easy as possible for your family.

How to Pay for In-Home Personal Care

Are you wondering how to pay for critical in-home care that your loved one needs? If you are ineligible for Medicare, Medicaid, or Veterans benefits, and do not have traditional health insurance, long-term care insurance, or Medigap coverage, there are several additional funding options to consider to gain access to the personal care services you need. Seniors with life insurance policies may be able to take a loan from the cash value of the policy or surrender it entirely to receive the cash value in exchange. In some cases, you may find that your life insurance policy has an “accelerated death benefit” rider that is available if the policy owner becomes terminally ill with a life expectancy of less than a specified amount of time (typically one or two years) or deemed unable to perform essential daily activities. This rider enables the policy owner to access a cash advance (which will be deducted from the payment the beneficiary receives upon the policy holder’s death). Newer life settlement companies are beginning to convert life insurance policies to long-term care policies, as well. These are then used to pay for direct in-home care. Be sure that you understand the ramifications of exchanging or converting your life insurance policy.

Some additional sources of funding may include:

  • Health Savings Accounts (HSAs)
  • Reverse Mortgages
  • Savings
  • IRAs

Tax Credits & Deductions for Senior Home Care

In addition to direct funding, please also consider programs for seniors and the disabled that reduce expenses in other areas (thereby freeing up funds to use for in-home care needs). Tax credits and deductions include expenses incurred to care for the elderly or disabled relative that enable the family to work. Additional funding may be available from LIHEAP for assistance with home energy expenses. Many non-profit groups offer financial and care assistance for individuals with specific conditions, including Alzheimer’s, Cancer, Diabetes, and Kidney Disease.

How to Pay for In-Home Care

Although it may be difficult to face the decision of paying for in-home care with hard-earned savings, it is important to realize that assets must be properly spent down before eligibility for Medicaid coverage or public assistance becomes an option. The staff of Professional Care Services will work closely with you to help you understand your options to make the best choices for you and your loved one. Depending on the anticipated length and intensity of care, loans may be another option worth considering.

To learn more or schedule a complimentary intake assessment, please contact the compassionate care team at Professional Care Services: (304) 591-1834.