Home Care Financing in North NJ

Home Care Financing in North NJ

Are you looking for Home Care Financing in North NJ?

Cost

Depending on type of assistance and hours needed, home care may not only be the preferred place of living, but also the cheapest when compared to the alternatives.

Genworth, one of the most respected insurance companies and largest providers of long term care insurance, performs a periodic review of the cost of care of long term care based on care setting, geographic location of care and level of care required.

Based on this analysis the monthly median cost of home care (44 hours/week) in New Jersey is 25% cheaper than assisted living facilities and more than 50% cheaper than a semi private room in a nursing home

Cost of Care Comparison

Funding Options

Self Payment

Many individuals and/or families pay for home care from their own assets, investments or savings. Some family members each contribute to together pay for their loved one’s Care Partner costs

Long Term Care Insurance

Most long term care insurance policies can be used for home care services.

Veterans Administration Benefits

These benefits allows qualifying Veterans, and surviving spouses, the ability to receive funds to pay for some level of home care

Life Insurance

Life insurance policy holders have a variety options of utilizing their policy.

Medicare

Certain Medicare Advantage Programs are starting to offer limited support.

Employee Assistance Programs (EAP)

If care arrangements change or fall through unexpectedly, emergency back-up care can provide you with additional resources for family members of all ages. Back-up care benefits are sometimes offered through your employer and can be used for family members of all ages.

Typically, the cost of using a home care company depends on: the number of hours requested, whether or not there is a need for special services and the nature of any health condition. We are trained to explore all options to find the optimal funding option for you.

For more information about our Home Care Financing in North NJ, call Applause Home Care at (201) 326-8051.

Applause Home Care – Your Trusted Source for Home Care Financing in North NJ.

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Home Care Financing in North NJ