Ways to Pay for
As we discussed in a previous blog post, the cost of in-home care is rising faster than care delivered in a skilled nursing home. We advise our clients that every retirement plan should include long-term care planning, whether performed at home or in a skilled nursing home.
According to Genworth Financial, the yearly national average cost for a nursing home in 2019 was $90,155 and $52,620 for in-home care. (1) While long-term care insurance can help, these policies can be expensive especially to those who have experienced a previous health situation.
At Medi-Cal Benefits, we’ve been advising seniors and families on how to pay for long-term care for years. One of the first questions asked when assisting seniors, their children, and close family friends is how to pay for long-term care. Our years of experience have helped uncover many ways to pay for in-home and skilled nursing home care.
Of course, we’ve also discovered that everyone has unique circumstances, and some ways to pay for long-term care, may not be best or available to everyone. To help seniors, their families, and close friends prepare for long-term care, we’ve developed a free booklet to identify sources of paying for long-term care.
Enter your contact information and download 11 Ways to Pay for Long-Term Care booklet, free of charge. Share it with your friends and family.
Since the best time to think about long-term care is when you are planning for retirement, we will contact you in a few days to see if we can help. There is no cost or obligation.
Enter your contact information below and download 11 Ways to Pay for Long-Term Care booklet, free of charge.