June 7, 2018 at 5:08 pm · Senior Living Georgia · Comments Off on Everything You Need to Know About Paying for Personal Care Homes in Georgia
We understand that you want the best possible elderly care in Georgia for the senior in your life.
After all, they’ve spent almost all of their lives caring for you with tenderness and love — now, it’s time for you to return the favor.
However, even if you’ve started saving to take care of a parent or even an older sibling, the costs can add up quickly. The financial side of senior care can certainly compound caregiver stress and anxiety.
Luckily, you have several options when it comes to making sure that you have enough money to provide for personal care homes in Georgia.
When it’s time, you’ll need to learn more about how to finance elderly care in Georgia.
Paying for Care Homes in Georgia
First, let’s help you to understand how to cover some of the cost of personal care homes in Georgia.
If the elder is over the age of 65 and is disabled in some way (blindness, deafness, etc.) they will be eligible for Medicaid. However, keep in mind that they’ll also need to meet income limits and other financial requirements. Most assisted living and personal care homes don’t take Medicare.
You can also look into Long Term Care Insurance. This takes care of expenses that are not covered by standard health insurance. Those who qualify for Long Term Care Insurance may not have a serious illness.
Instead, they simply may not be able to successfully perform basic daily tasks — like bathing or getting dressed — on their own.
You can also consider taking out eldercare bridge loans. However, these loans are usually designed for those who need more short-term care — usually a period of about a year.
You can use these loans while you wait for another, more stable source of income (like money from a home sale) to arrive.
If the elder in your life was a veteran, then they may be entitled to the Veterans Aid and Attendance benefit in the state of Georgia.
Finally, you could also look into State Assistance programs to help you to pay for elderly care in Georgia. These programs are usually called Home and Community Based Services (HCBS for short.)
Of course, the most common way to pay for personal care homes in Georgia is by doing so out of pocket. It’s essential that you start saving as soon as possible, and that you speak with personal care homes about financing options.
Remember that, no matter your current income level or savings, there are many ways to pay for care.
Connect With one of the Best Personal Care Homes in Georgia
We hope that this post has helped you to understand that when it comes to paying for personal care homes in Georgia, you likely have more options than you initially thought.
Now that you have a better understanding of the financial side of things, it’s time to find the right care.
That’s where we come in.
At BeeHive Homes of Toccoa, we provide elderly care that is personal, convenient, fun, and filled with activities.
Schedule a tour to learn more today.