Summary
This article will discuss options available to people and the families of people that need home health care services to make the services more affordable. It will provide information on programs and services available to those needing home health care services. It will also offer tips on how to save money when seeking home healthcare services.
Table of Contents
Government Programs
Several government programs provide home health care services for those in need. Medicare offers coverage for certain medical services, and many Medicare Advantage plans also provide limited coverage for home health care services.
Additionally, the Veterans Administration offers the Aid & Attendance program to qualifying veterans, which provides home services for a set number of hours. In most states, including Florida, Medicaid provides coverage for home healthcare services to low-income individuals. However, each state has its own eligibility criteria, covered services, and payment requirements.
Insurance Coverage
In addition to government programs, many private health insurance plans also provide home health care services coverage. It is essential to check with your insurance provider to see if they cover home health care services and the coverage limits. Some insurance plans may also have limits on the type of home healthcare services they will cover. Medicare Advantage plans cover a variety of services, including limited home health care. Private insurers run Medicare Advantage plans. Medicare beneficiaries must choose their plan based on the services they want.
If you have a Long-Term Care Insurance policy, you likely will qualify for benefits if you have difficulties with two or more of the activities of daily living. Consult your policy and call your insurance company to discuss your benefits. Tradition Home Care can assist you in navigating your policy.
Private Pay
Paying for home health care services can be done through various methods, with personal funds being the most obvious resource. Another option is to use reverse mortgages, where you can use the equity in your home to finance current medical and other needs. Local councils on aging may provide a limited amount of home health care services, and your family members may also be willing to contribute to your care needs. Veterans may qualify for the Aid and Attendance program, while retirement funds such as IRAs and 401-Ks can also be accessed early through hardship withdrawals without penalties under certain circumstances.
Negotiating Rates
Another option for making home health care services more affordable is to negotiate rates with the home health care provider. Many home healthcare providers are willing to work with patients to provide services at a reduced cost. It is important to ask about the provider’s payment policies and whether they offer discounts or payment plans.
Conclusion
Home healthcare services can be expensive, but options are available to make the services more affordable. Government programs, insurance coverage, and negotiating rates are all options to consider when seeking home health care services. If you want to learn more about these options, please call Tradition Home Care today — we are here to help you find affordable home health care solutions.
Helpful Links
- Medicare – https://www.medicare.gov/
- Medicaid – https://www.medicaid.gov/
- Veterans Administration – https://www.va.gov/
- Long-Term Care Insurance – https://www.longtermcare.gov/
- Tradition Home Care – https://traditionhomecarefl.com/
