Many people prefer home health care when age catches up to them in their post-retirement years. Why? Because they can remain in their homes and still receive the high-quality medical care and assistance they need.
Unless you can afford to pay for your health care in cash, however, the only way to truly ensure you will have access to those services is through long-term care insurance.
Medicare does provide coverage for home health care. But to qualify, you must meet certain eligibility criteria. Among them is certification from your physician that home health care makes sense. If you need more than part-time or “intermittent” skilled nursing care, you are likely ineligible.
Long-term care insurance, on the other hand, typically covers at-home care, depending on the policy and its limits. Many insurers also now offer long-term care policies designed solely to cover the costs of home health care. Other policies provide a choice between home health care and assisted living or nursing facilities.
Long-term care insurance isn’t cheap. But it can mean the difference between choosing how you receive your care and someone else choosing it for you. If you’d like to learn more about long-term care insurance, here a excellent report.