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Financing Options for Care: Helping Seniors with Finances (3 of 6)

October 7, 2010

In this video "Financing Options for Care," certified senior advisor Mary Alexander from Home Instead Senior Care explains that elder care is generally financed through a mix of resources, including savings. She walks through how a reverse mortgage works and describes some of the newer senior care funding options, such as the "life settlement." 

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Thoughts and stories from others
  1. June 7, 2013 at 8:38 am | Posted by Nancy Page

    My mother-in-law has been with us over two years. It is a financial burden. I've tried different organizations for help. We do receive from the Alzheimer's Asso $500.00 worth of respite care. Her other son is her HCPO. He also receives her SS check. The money would help a lot with her care. My husband and I haven't said anything about the money but we sure could use it. I feel like I'm complaining but I don't mean to come across that. I have come to really love her. She puts a smile on my face every day. My son died. If it wasn't for her and her smile I wouldn't have survived my loss.

    Reply

  2. March 14, 2013 at 7:49 am | Posted by Stella Townson

    My momma lives with me. She has for the last 20 years. She has medical & medicare. What I need is some one to stay with her for 7 hours while I'm at work. I work at school so when I'm off I would not need not one to stay with her. What can you do to help me? The person I had sitting with her quit on me while she was in the hospital. I can't work and wait for someone to get there or not even show up.

    Reply

  3. March 6, 2013 at 6:55 pm | Posted by Irene

    Hi! I am looking for 1st aid and CPR assistant with a proof of a criminal check who can provide care(medication and bathing) to my mother while we wait for homecare to get in place (about 3-4 months). Thanks for your time.

    Reply

  4. September 17, 2012 at 8:23 pm | Posted by christina

    i live in midland texas and im looking for someone to stay with my mother in law for 8 to 10 hrs a day tuesday - saturday. how can i find out how much it would coast and what i have to do to get it dtarted for her?

    Reply

  5. March 15, 2012 at 7:25 pm | Posted by sandra Campbell

    I moved my mom with me from Orlando,Fl. I'm currently on FLMA and is due to return back to work on 4/2/2012. I would like to know if you provide services for my mom,someone to come in and be with her while I work.she is unable to prepare her meals,needs assistant with bath,dressing and with her meds. She has medicare and also mediaid will they pay for these services.

    Reply

    • March 16, 2012 at 2:25 am | Posted by Cat Koehler

      Thank you for your comment, Sandra! You can find your nearest Home Instead Senior Care at www.homeinstead.com. Just type in your zip code. The local office will be able to talk to you about services and payment options. Be sure to visit here regularly for tips, advice and support! Cat Koehler Social Media Advocate Home Instead Senior Care

      Reply

  6. March 1, 2012 at 1:57 pm | Posted by Pamela Mohr

    my daughter receives medicare & medical. she has been approved threw S.S. & SSI to receive 63 hours a month of in home care. do you take her insurance would be the first question. thank you for your help in this matter. waiting for reply. Pamela Mohr

    Reply

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