Creative Ways to Finance In-Home Senior Care

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Pay for Senior Home Care with These Creative Ways

As senior loved ones get older, questions about their living situation, medical care and independence become priorities for family members. In some instances, home care in Douglas County offers the best option for seniors who desire to live independently but need extra help. Because the costs can add up quickly, here are a handful of creative ways to pay for the care your senior loved one needs and deserves.

Estate Sale

Estate sales are no longer for the recently deceased. Many seniors are finding joy in parting with material possessions that are rarely used or could be given new life by another. An elderly person may have little use for many household items and trinkets that could bring in quite a bit of funding for home care, a more useful commodity in old age.

Reverse Mortgage

A reverse mortgage provides a way for elderly individuals to use their home equity before the sale of the home. By deferring monthly mortgage payments until the sale of the home, seniors only pay for property taxes and homeowners insurance. Depending on the terms of the loan, this can open up financial freedom in order to pay for home care.


Similar to health insurance, long-term care insurance aims to offset the cost of elderly care. Depending on the policy, services such as live-in or part-time caregivers and in-home medical care may be covered. Most companies require medical information before issuing the policy so if major illness is already a factor, it may be difficult to obtain insurance.

Family Share Arrangement

Rather than placing the financial burden on an aging family member, children and other relatives can enter into a financial agreement to pay for care on his or her behalf. Spread out amongst several working adults, the cost of home care can be very affordable.


There are many federal, state, and private benefit programs that offer help for seniors needing care. At Benefits Checkup, seniors and family members can search through a vast database of information matched to the individual for care options.

If your elderly relative needs additional help to live comfortably and safely at home, reach out to Home Care Assistance. We provide hourly and live-in care, as well as Parkinson’s, Alzheimer’s, and dementia home care in Douglas County for seniors with advanced conditions. All of our caregivers are experienced, trained, and thoroughly vetted, our Care Managers are on-call 24/7, and all of our services are backed by a 100% satisfaction guarantee. To learn more, call 720-580-5378 and request a complimentary consultation today.


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