Practical Ways to Afford In-Home Senior Care
If you have a senior loved one who may need in-home care, you are probably concerned about how to pay for it. At Milford Home Care Assistance, we know that finding quality care at an affordable price can be stressful. Thankfully, these practical solutions can ease some of the financial load. 1. Reverse Mortgage Seniors who own their own home can get a reverse mortgage that allows them to cash in on the value of the home. This process was originally developed for widows, but it can be a good alternative for single men or married couples, as well. If your loved one takes out a reverse mortgage, he or she can then use the money to pay for hourly or 24/7 live-in home care in Milford . 2. Veteran Benefits Whether or not your loved one needs in-home assistance as a direct result of time in the military, there may be benefits for veterans that can help your relative afford in-home care long after he or she has served. Contact a veteran's association to find out more about how yo...