Now there’s another way to help cover the rising cost of healthcare and in-home care.
While Medicare covers some healthcare expenses, older Americans are still spending significant out-of-pocket money on supplemental health insurance premiums, long-term-care insurance, home healthcare and non-medical in-home care. A reverse mortgage allows homeowners age 62 and older to borrow against their home equity in order to access a new source of funds, while they continue to live in and own their homes. It can help them afford the care they need, without having to draw upon savings or other investments.
Non-medical in-home care
To learn more about solutions that could help the older adults you care for to pay for healthcare, in-home care, and/or home modifications that can help them be safer and more comfortable, please call me today.
84% of professionals who work closely with older adults rank “not having enough disposable income” as a top financial concern they have for older adults.
Source: The 2015 United States of Aging Survey: National Findings, conducted by the National Association of Area Agency on Aging (n4a), the National Council on Aging (NCOA) and UnitedHealthcare. Professionals include staff from the Area Agencies on Aging, credit union managers, primary care physicians and pharmacists.
I welcome your questions.
Feel free to call 410-689-5424, or send me your questions by email using the form below.