Assess your long term care needs with the help of a physician. Your needs will depend on your physical and mental health conditions as evaluated by a doctor. Insurance companies, government and non profit agencies may require you to document medical needs before paying for any long term care services.
Understanding long term needs is important for making decisions to stay at home or go to a nursing home, assisted living or other facilities. Also, your long term needs will dictate how much the long term care costs will be.
Look over any insurance policy you already own. If you have a term, whole life, a retiree health insurance or a long term care policy it may be used to pay for all or some of these costs. Find out if your policy covers long term care and the types of coverage within the scope of the policy. Also, note how much of the long term cost is covered by this policy.
Identify federal government programs to help pay for long term care costs. Medicare may help for some long term care services if you qualify given your age. Medicaid also pays for large portion of long term care if you qualify given your financial resources. There are other programs that help with long term care costs when Medicaid or Medicare won't provide coverage.
Consider Medigap insurance policies to help with the cost of long term care. Medigap policies may provide additional coverage for long term services outside of Medicare's scope. The benefits in these policies vary depending on the person's needs. Look into policies that fit your medical needs and that offer affordable premiums.
Apply with your State administration for the Aging to get help with long term care costs. These State agencies are funded by the federal government to provide some seniors and their caregivers with assistance for long term care services. Visit your State Agency for the Aging internet site or call to find eligibility requirements and to apply for service.