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Additional Payment Options for Home Care Services

Covering the Cost of In-Home Care

At Griswold Home Care, it is our mission to make sure those who need home care services always have access to them. Financial status should not dictate the level of care you or your loved one receive – or whether or not you or they get care at all. That’s why we offer a variety of ways to pay for non-medical home care services. Check out some of our options below and then reach out to us if you have any questions regarding payment methods.

Asset Conversion

For families who have non-liquid assets and can convert them to help cover the cost of home care expenses, we have several options available. Home equity lines of credit, reverse mortgages, EquityKey, and Rex Agreements are real estate-based asset conversion programs that can provide financial solutions to seniors with long-term care needs.

In addition to these benefits, life settlements, death benefit loans, life care assurance benefits, and viatical settlements also offer a variety of methods for people to pay for in-home care services.

Medicaid Programs

To keep seniors who qualify for Medicaid out of nursing homes and living comfortably at home, there are state-specific initiatives and programs that will help cover the cost of in-home care, as long as that care can be provided at a cost that would be less than a nursing home.

Tax Credits & Cost of Care Reductions

There are a variety of state and federal programs, tax credits, and initiatives that can also help you and your family lower your tax burden and reduce the cost of in-home care. Take some time and research the following options:

  • Elderly and Disabled Tax Credit
  • Federal Elderly Care Tax Credit
  • Alzheimer’s Respite Care
  • State Elderly Care Tax Credit
  • LIHEAP – Aid for Energy Costs
  • NFCSP Respite Care
  • Medical Expense Tax Deductions
  • Veteran’s Affairs Respite Care

In addition to the above options, there are also many non-profit assistance programs available nationally as well as locally. Your state may also offer programs that provide financial assistance to help cover some or all of the costs of our in-home care services.

Let Us Lend You A Hand

Contact us today and a Griswold Home Care representative will reach out shortly.

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