Making the Most of Savings & Pensions When Paying for Home Care

For individuals without Veterans’ benefits or long-term care insurance, private payment for home care is very often the only option that is initially available when it comes to covering the cost of essential home care. Though not ideal, in addition to Social Security benefits and private pensions, drawing on savings is sometimes the most immediate means of covering the expense of in-home care.

Since most assistance programs determine eligibility based on an individual’s resources, the amount of monetary assistance available is often inversely proportionate to an individual’s resources. As resources like savings, pensions and other resources diminish, the amount of available care assistance options increases dramatically.

In the meantime, it may be necessary to ask members of the family to contribute to your loved one’s home care costs.

Frequently Asked Questions on Paying for Non-Medical In-Home Care
How do I get billed for services?
There are a few options that each office may offer depending on the way you would like to be billed. We have online billing and paper billing options. For a majority of our offices, billing to Griswold Home Care is for the office fee only. Your payment to your caregiver can also be done through a third party company that our offices may partner with. Call your local office for further details since billing options may vary.
Why are Griswold’s rates lower than many other places?
Most Griswold Home Care offices operate as caregiver registries. This business model enables the cost of care to be lower because you pay the caregiver directly and then separately pay Griswold Home Care a referral fee. By keeping the overhead low, the total cost of care to the client usually ends up being less. Not all Griswold Home Care offices operate as caregiver registries however. Please contact your local office to find out more.
Can I pay for care online?
Yes, we do have online payment options. Call your local office to inquire about the payment options available to you.
How much is your Referral Fee vs Total Cost of Care?
For our caregiver registries, the referral fee usually makes up a small portion of the total cost of care. A majority of the total cost of care is paid directly from the client to the caregiver in the form of a caregiver service rate. Since we do not set the caregiver rate, as you will negotiate this directly with the referred caregiver, we are unable to accurately identify a specific percentage breakdown.
Do you take insurance or Medicaid?
We do accept most long term care insurance plans. It is best to contact your local office to find out if your long term care insurance plan is accepted. Medicaid is not accepted for most of our offices, but there are a few offices in certain states that can. Again, please contact your local office to find out for sure.
Do I need to sign a contract with Griswold if I need care for myself or a loved one?
You would sign a non-binding service agreement (non-binding meaning the agreement has no set time period). For example, care could be for one day or for months at a time. The contract is valid for 6 months, but you don’t need to start care immediately after signing. Signing the contract is simply a guarantee that the office referral fees will be paid once care begins.
Do I pay the caregiver or do I pay Griswold?
For most of our offices that operate as caregiver registries, you pay both the caregiver and Griswold Home Care separately. A referral fee is paid to the office, and your negotiated caregiver rate is paid by you directly to your caregiver. If your local Griswold Home Care office happens to be full employment, you would make one payment to the office for the total cost of care. Please contact your local office to find out more.
How much does hourly care cost?
Hourly care costs can vary from office to office and caregiver to caregiver. Please contact your local Griswold Home Care office to discuss their hourly care referral fees and the average caregiver market rate in your area.