Property Management

Join

Managing the Financial Aspects of Home Care

sonya
sonya Posts: 1
in Social Groups

Considering home care for my mom has been on my mind lately, but the cost is a major concern. There are so many things to factor in, like the caregiver’s hourly rate and additional expenses like medications and medical supplies. I came across some tips on Managing home care costs, but I’m still uncertain about how to manage it. Has anyone else faced this? How did you handle the financial side?

Comments

  • Robertos
    Robertos Posts: 1

    I completely understand your concerns, Emily. When we decided to bring in care for my dad, we did a lot of research into all the costs involved. It was definitely overwhelming at first, but what helped was breaking it down. We started by looking into what our insurance and government programs could cover. In our case, Medicaid had a waiver that covered some of the expenses for in-home care, which was a game-changer. I’d also recommend getting multiple quotes from different agencies to compare rates. And be sure to ask if they have any financial assistance programs or flexible pricing options. In the long run, planning and using available resources made a huge difference.

  • Woyanna
    Woyanna Posts: 1

    That’s really helpful, John! I agree with you. We used long-term care insurance, and while it didn’t cover everything, it made a noticeable dent in costs. We also set up a dedicated savings account just for caregiving expenses. Something I’d suggest is looking into whether your loved one qualifies for any veterans' benefits or local subsidies, especially if they served in the military. It’s those little things that really add up and help ease the burden over time. There are definitely ways to manage this without feeling financially overwhelmed.

Resources

Welcome! Check out our Community Code of Conduct. (review here)