How Families Can Pay for Home Care

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In-home care services allow aging adults to live safely and comfortably in a familiar environment. By implementing the right strategies, your family can help ensure that your loved one receives these valuable care services without incurring financial hardship. Here are just four of the many ways that families pay for professional home care in Sonoma County.

  1. Life Insurance – Elderly family members can use their life insurance policies to help pay for home care services. Policies with accelerated death benefits (ADBs) allow for tax-free advances to be paid out under specific circumstances, including if the person is unable to perform daily tasks like bathing or dressing. Some plans allow the policy holder to cash out the policy for other reasons or circumstances besides help for daily activities.
  1. Reverse Mortgages – If there’s enough equity in your family member’s home to refinance a mortgage, a reverse mortgage can provide a monthly or lump-sum payment that can pay for care, while allowing your loved to remain in the comfort of their home. In most cases, the loan does not become due until your family member passes or permanently moves out of the home.
  1. Deferred Long-Term Care Annuities – Seniors up to age 85 can enter into a deferred long-term care annuity contract with an insurance company to help pay for long-term care. The senior pays the company a single premium payment, which is divided into two separate funds. One fund issues monthly payments for long-term expenses while the other fund can only be accessed after a set period of time.
  1. The Veterans Aid and Attendance Pension – Veterans and survivors who receive a VA pension may be eligible for an additional monthly payment known as Aid and Attendance if they need an hourly caregiver in Sonoma County to help with daily tasks like bathing, dressing and toileting. Reputable home care agencies can help seniors and their families qualify for such programs.

When the natural aging process makes certain activities of daily living difficult to perform, home care can fill in the gaps, offering reliable care, assistance and monitoring that allows seniors to safely age in place. Explore your financial options for paying for home care and visit our website at or reach out to a friendly Care Manager at 707-843-4368 for more information about our senior care services.


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