Home Care Funding & Payment Options
Peak Moments will tailor a plan that fits both your loved ones needs and your budget. Our services range from just 8 few hours to 24 care. Living safety end in their own home is usually the most affordable way for peace of mind Senior Care.
Listed below are options to consider when looking to pay for In Home Care. We understand challenges and would like to extend our services.
Long-Term Care Insurance
If your loved one has a long-term care insurance policy, we can offer assistance to you in navigating and understanding your policy. Long-term care insurance helps cover the cost of senior care. Peak Moments works with the majority of long-term care insurance companies.
The Veterans Administration offers programs that can pay veterans and/or their spouses for home care based on certain qualifying criteria.
You may still need to pay a copay for some covered services.
A Reverse Mortgage is a loan available to homeowners over 62. It allows a homeowner to turn the value of their home into cash. This can be of great assistance to cover expenses as they age. This is a loan on your home that you do not have to pay back for as long as you live there. These funds can then be used to pay for care. Usually the amounts are paid monthly. The owner remains on the title and is responsible for taxes and Homeowners Insurance. The loan is not expected to be paid back until they move, pass away or sell the property.
Some Life Insurance companies offer the ability to receive a lump sum payment. If your loved one has a Life Insurance policy, it may be worthwhile to give them a call and ask about the ability to receive a Lump Sum Payment.
There are companies that offer Bridge Loans states, there are local and state funded programs that offer limited care for seniors who meet certain criteria. Contact the Senior Helpers office for more information.
Peak Moments accepts payments by direct withdraw, checks or credit card. We can divide up payments amongst multiple family members. We can also bill directly your Long-Term Care Insurance Company.