A common concern among our customers is worrying about how they are going to pay for elder care. Unfortunately, there isn’t an easy answer. However, since Professional Healthcare Resources has been working for 20 years in the Annandale, Kensington, Lanham, Arlington, Baltimore, and Washington, DC areas, we know about the many different options for seniors and their caregivers.
One misconception is that Medicare is going to pay for elder care. Medicare will not pay for elder care if it is considered to be “custodial care”. This applies to all different categories of Medicare. This means that seniors, their caretakers, and family members will have to explore other options. Although you can always call one of our elder care consultants at Professional Healthcare Resources, here are some of the options to think about.
Personal Funds – Probably the most common way of paying for elder care. In order to stretch out savings and income from personal savings, pensions, stocks, or other financial assets, we can recommend some options. Elder care is far more affordable than moving to an assisted living facility. And, a lot less stressful for family members. Some seniors can remain in their homes if they have help with light housekeeping, laundry, bathing, and other day-to-day activities. Also, a home aid can tell if a senior is having some problems and can alert family members or medical personnel.
Government programs including Medicaid – Medicaid only pays for elder care once financial resources have been exhausted. These options will only be available for low-income seniors. Other government programs including the PACE program (Program of All-inclusive Care) are available but have certain qualifications. However, this may be an option for seniors that would otherwise be in a nursing home.
Eligibility requirements for paid elder care vary from state to state so we recommend talking with our elder care specialists to see what your options are for Medicaid or other government programs in Annandale, Kensington, Lanham, Arlington, Baltimore and Washington, DC.