When caught up in the many aspects of care coordination, including home care, medical care, daily living assistance, and home modifications to name a few, it’s easy to put financial planning on the back burner. And many people are confused as to what certain services cost and what is covered by Medicare, Medicaid, or long-term insurance. Including financial planning in your long-term care planning will protect your retirement assets, reduce your dependency on family members or others, and help control what kind of care you receive.
Home health care agencies, like Live Free Home Health Care of Concord, New Hampshire, are valuable resources to use when planning your finances because they know what services are covered under different programs like Medicare and Medicaid. When discussing financial planning with a home care agency be sure to:
- Ask them to go over popular payment options. Many people dealing with long-term care for the first time are under the impression that Medicare or Medicaid will cover the costs of their care—which is not accurate in every circumstance. Live Free Home Health Care can help you create a realistic financial plan.
- Ask about state programs. Many states have special programs that offer funding to those with special needs and require home care. Home care agencies know their state’s programs and should be able to identify if you or your loved one qualify for any special funding.
- Ask what can be covered by your insurance. Some insurance plans include long-term care policies, which can subsidize the policy holder’s home care costs.
For more information about the financial aspects of care coordination, click here.
Live Free Home Health Care of Concord, New Hampshire is happy to help you understand all of your financial options in regards to in-home care. If you’re looking for a partner in care coordination in the Lakes Region or Central New Hampshire, call us today at 603-217-0149, and let us help make your life a little easier.