Long Term Health Care
Traditional health insurance does not cover caregiver services due to their non-medical nature. However having a long term care insurance policy in place prior to any changes in the health or wellness of your loved ones guarantees that they will be covered.
For veterans and their spouses the veterans affairs aid and attendance pension program provides up to $1,758.00 per month for a veteran, $1,130.00 per month for a surviving spouse or $2,085 per month for a couple. To qualify you must be at least 65 years of age, served for at least 90 day consecutively at least one day of which was during a time of war, be honorably discharged and meet the financial requirements. For more information contact the Veterans Affairs office.
Many states offer "nursing home diversion programs". These programs are designed to keep seniors out of nursing homes and in the comfort of their own homes and will cover home care costs as long as those costs are less than those of a nursing home.
For those not covered by the above, private pay is the only option. Most assistance programs offer increasing reimbursements for diminishing assets which could help cover the cost of care over time.