There are three main ways to finance elder care: government insurance (Medicare/Medicaid), long-term care insurance and personal funds. Learn more about funding care.
Deciding on what options best suit the individual can be an emotionally tiring process and is often complicated by factors out of your control. Remember that the best way to approach making this call is to form a clear understanding of the person’s needs and the care each option provides. It may also require checking his or her legal documents if the individual is unable to make decisions.