The costs of long-term care vary greatly depending on where you live and the type of care you receive. Many people think that home care usually costs less than nursing home care. However, skilled care at home can cost just as much, if not more than nursing home care. It depends on what type of care you need in your home, and for how many hours per day.

Here are Four Options To Pay For Your Long-Term Care

You can rely on others (spouse, children, etc) to provide the help needed. This option is only available to those with a support system in place and if the amount and type of care required is possible for them to provide. You can self-insure and pay for long-term care with your own assets and income. You can spend down all of your assets and then qualify for Medicaid. (Medi-Cal in California). You can transfer a predetermined amount of risk of long-term care to an insurance company by purchasing long-term care insurance.

Click on the button below to view the cost of care in your area. 

Cost of Care in your Area