How to Afford Home Care: 5 Smart Strategies for Families
Author: Ralph Johnson
Did you know that the average cost of home care is $5,720 per month for full-time services? According to Genworth’s Cost of Care Survey, these costs vary by location and level of care, making affordability a common concern for families.
At Home Helpers of DuPage and Will, we’ve seen how home care can relieve stress and improve quality of life. One of our clients worried about balancing care for her father-in-law while managing her career and family. By using VA benefits and adjusting his care schedule, she was able to afford the support he needed without financial strain.
If you’re exploring home care but unsure about the costs, here are five practical ways to make it more affordable:
1. Start Small with Flexible Care Plans
Home care doesn’t have to be all-or-nothing. Many families combine part-time professional care with family caregiving to reduce costs.
Tip: Consider starting with a few hours per week and adjusting as needed.
2. Use Long-Term Care Insurance
Many seniors have long-term care (LTC) insurance, which helps pay for home care. Policies vary, so review your coverage to see if you qualify.
Tip: Contact your insurance provider to confirm benefits and eligibility.
3. Explore VA Benefits for Veterans
Veterans and their spouses may qualify for VA Aid and Attendance, which provides funds for home care.
Tip: Reach out to the Department of Veterans Affairs or work with a benefits specialist to apply.
4. Consider Medicaid or State Assistance Programs
Medicaid covers home care in many states through waivers and community-based programs.
Tip: Check your state’s Medicaid website or speak with a local aging agency to explore options.
5. Use Life Insurance or Home Equity
Some life insurance policies allow early payouts for care, while reverse mortgages can provide financial relief for seniors who own their homes.
Tip: Speak with a financial advisor to see if these options are right for your family.
Let’s Create a Plan That Works for You
If you need help understanding affordable home care options, we’re here to guide you.
📞 Call us at 630 -515 – 1185 or email rjohnson@homehelpershomecare to schedule a free consultation.
Home care is more accessible than you think—let’s find a solution that fits your budget and needs.