Financing Options For Long Term Home Health Care

Angel Homecare, LLC understands that long term home health care can be very expensive. For this reason long-term care insurance is a good option for those who can purchase a sound policy at the right time. Angel Homecare, LLC assists you to provide documentation to third parties, such as long-term care insurance companies, that could help you obtain the best coverage possible. For those without insurance, there are other options that can make long-term care at home an affordable choice.

Long-term Care Insurance

Long-term care insurance is a type of insurance developed specifically to cover the costs of long-term care services, most of which are not covered by traditional health insurance or Medicare. These include services in your home such as assistance with personal care.

Reverse Mortgages

If you’re 62 or older – and looking for money to pay for healthcare expenses – you may consider a reverse mortgage. It’s a product that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills.

Using Life Insurance

There are a number of ways to access cash from a life insurance policy while still living. You may borrow against the cash value, sell the policy, or cash out the policy based on the available cash surrender value.

Visit these sites for more information on these options.

Long-term Care Insurance

National Clearinghouse for Long Term Care Information at http://www.longtermcare.gov/LTC/Main_Site/index.aspx

Order “Shopper’s Guide to Long-Term Care Insurance” from the National Association of Insurance Commissioners at www.naic.org

Reverse Mortgages

Visit the Federal Trade Commission at http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea13.shtm

Visit the National Center for Home Equity Conversion website at www.reverse.org

Life Insurance Option

Visit the American Council of Life Insurers website at www.acli.com,