Exclusive to the Careworthy Home Care family
Proudly Serving Greater Indianapolis & Surrounding Counties
Private pay home care refers to the type of care services that individuals pay for out of their own pockets, without reliance on insurance coverage. This allows clients to have greater control and customization over their care experience, tailoring it to their specific needs and preferences. Private pay home care covers a wide range of services and price points to accommodate any budget.
Providing Home Care at Affordable Prices for Private Pay Clients
The Benefits of Private Pay
One of the key advantages of private pay home care is the ability to receive personalized care options. Clients have the freedom to choose the specific services they require, such as meal preparation, companionship, feeding, bathing, and more. This level of customization ensures that individuals receive care that aligns with their unique needs and preferences.
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Another benefit of private pay home care is the flexibility in care hours. Unlike home care services covered by Medicaid or other insurance companies, private pay home care does not have limitations on the number of hours of care that can be provided. This allows individuals to receive the level of care they require without restrictions, ensuring that their needs are fully met.
Cost Considerations
The cost of private pay home care can vary depending on several factors, including the level of care required, the location, the specific services needed and the shift being requested. It's important to discuss the specific services and care hours required with the home care provider to get an accurate cost estimate.
Many clients will have multiple payer sources. They may have been allotted a certain number of paid caregiving hours by an insurance plan but opt to add on additional private pay hours to ensure all of their caregiving needs are met.
Private Pay Financing Options and Strategies
To finance private pay home care, there are several options and strategies to consider:
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Personal Funds: Clients can use their personal savings or income to pay for private pay home care services. This can include retirement savings, pensions, or other sources of income.
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Family Funding: Many times a family can work together to cover the cost of in-home caregiving for an elderly or disabled loved one. First, the family would need to have a meeting to determine who is willing to contribute and at what amount monthly. Sometimes it is best to get everyone to sign an agreement to ensure everyone fully understands their financial obligation. Once the family knows how much they have monthly to cover the cost of caregiving, they can contact our agency and we can develop a care plan based on what they can afford.
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Long-Term Care Insurance: If a client has a long-term care insurance policy, they may be able to use it to cover the costs of private pay home care. It's important to review the policy details to understand the coverage and any limitations or requirements.​
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Reverse Mortgage: If the individual owns a home, they may be able to utilize a reverse mortgage to help finance private pay home care. This allows them to convert a portion of their home's equity into cash that can be used for care expenses. This should not be taken lightly. Please consult with a financial advisor or attorney before exercising this option.
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Life Insurance Policy: In some cases, a life insurance policy can be cashed in to help cover the costs of private pay home care. This option should be carefully considered, as it may impact any beneficiaries of the policy. We recommend consulting with an attorney prior to exercising this option.
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Government Programs: Certain seniors may be eligible for support through state grant programs. This could include the Indiana Pathways for Aging program (HCBS waiver) and the Choice Waiver. Medicaid, which is means-tested and state-specific. Additionally, veterans may qualify for support through various VA funding sources.
Our Caregiving Rates*
We offer highly competitive rates to ensure that every senior, every veteran has access to professional, compassionate, and ethical home care. All of our services are non-medical in nature and are performed by trained professional non-medical caregivers.
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​Wellness Calls - Plans starting at $29.95 monthly
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Companion Care (Sitting only) - Rates range from $28 - $36 per hour
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Homemaker Services (Basic IADLs) - Rates range from $32 - $40 per hour
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Personal Care Services (Basic ADLs) - Rates range from $36 - $44 per hour
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360 Home Care (Basic ADLs & Complex IADLs) - Rates range from $44 - $60
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Respite Care - Rates range from $32 - 60 per hour, depending on needed services
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*Exact rates are influenced by client specific situation and caregiving needs, as well as client location and the shift being requested.
Payment Expectations
Payment of services?
​We require prepayment before our services are rendered. Our agency invoices the family/client weekly. We expect payment for services to paid before the caregiving week begins.
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Is there a deposit required?
Yes. We require a one-week deposit for private pay clients. This deposit is fully refundable or applied to the last invoice at the end of services.
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What are my payment options?
We offer several convenient online payment options including eCheck, ACH, debit cards and credit cards.
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Can we stop service at any time without a penalty?
We ask all of our client's to provide a two weeks to end services as a courtesy. Of course this is waived if the client is hospitalized or passes away.
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If we've applied for the Veteran Aid & Attendance pension benefit, how long does it usually take to be approved?
The review process for Veteran Aid & Attendance pension benefit can take several months. However, in many instances, if your file is successfully prescreened, we can begin providing care while your application is still being processed. Once you are approved, you would be responsible for paying your outstanding balance.
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Contact us!
Veteran Care Companions would love to work with you and your loved ones. To inquire about our services, or to ask any questions, please give us a call at (317) 296-3854.
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