01
Understanding hourly and daily rates
Home care costs depend on the level of support your parent needs and the number of hours required each week. We can help you estimate these expenses based on typical rates in the local area.
- Assess the specific type of care required.
- Calculate the estimated weekly hours of support.
- Review standard rates for companionship and personal care.
02
Exploring your payment options
Families use a variety of methods to fund home care. Understanding these resources early in your planning process can provide peace of mind and help you structure a sustainable approach.
- Private pay and family resources.
- Long-term care insurance policies.
- Veterans benefits such as Aid and Attendance.
03
Planning for sustainable care
Care needs often evolve over time. Creating a flexible financial plan ensures that your parent continues to receive the right level of support as their situation changes.
- Start with essential services and adjust as needed.
- Consult with a financial advisor or elder law attorney.
- Regularly review the care plan and associated costs.