Can You Afford A Long Term Care Facility?

Most of us will need some form of long term care as we age. Continuing care at home programs, such as Hunt At Home, are an affordable alternative to traditional nursing homes. These programs allow seniors to stay at home while providing access to nursing care and help with activities that some seniors may no longer be able to perform, such as cleaning the house and grocery shopping. Many programs require that the person who is joining must be in good health, free of any existing degenerative diseases and must meet the age requirements. However, some people can be confused as to how much the program can cost and if it is covered by traditional health insurance.

Monetary Commitments

Often, a continuing care community requires a substantial monetary commitment. Some experts advise a person to consider speaking to a financial advisor to see if the person can afford the community. Some communities are not as financially stable as they may appear, creating additional hardships for the residents. Many facilities require a one-time entrance fee, plus some include other hidden fees. Some also do not refund the money paid upon your death, and will only issue partial refunds if you move from the service area or cancel the contract

Misconceptions About Medicaid and Medicare 

One of the most common misconceptions about Medicare, Medicaid and traditional long-term care insurance is that everything will be paid for. In reality, most people are required to pay for their continuing care privately, with Medicare only covering a portion of those benefits when the continuing care is part of a hospital stay.

Unfortunately, many continuing care at home programs are not covered by health insurance, so the best course of action is to speak to a financial advisor. Refunds are generally not given, though the facility can issue partial refunds. Instead of placing your loved one into a nursing home, a continuing care at home program can be a very affordable alternative. Hunt At Home is the perfect solution for living as well as maintaining an independent lifestyle.