Ways to pay for long-term care

On Behalf of | Mar 10, 2022 | Elder Law |

In Georgia, elderly residents often turn to Medicaid to find financial assistance for long-term care because most standard health insurance policies do not cover it.

If you, like most people, did not purchase a long-term care insurance policy, you have other options.

Programs that offer state assistance

The Home and Community Based Services program is unique in Georgia because it is not part of the Medicaid waiver system. HCBS does not technically provide cash to the applicant, but it reduces the costs associated with care, including assistance with household needs, meals, emergency response services, respite care, and personal care.

The state also provides prescription drug assistance through Georgia Cares, a program that reduces costs through Medicare. Additionally, the Low Income Home Energy Assistance Program provides heating and cooling assistance as well as some emergency benefits for low-income residents still living at home.

Medicaid Waiver programs

Under the Elderly and Disabled Waiver in Georgia, elderly residents in need of nursing home care may access the Community Care Services Program or Service Options Using Resources in a Community Environment. Both waiver programs allow the resident to receive the care they need at home:

  • CCSP services can include emergency response systems, health care, and meal delivery.
  • SOURCE provides more extensive services but with less independent living care.

Both programs are part of Medicaid and determine eligibility based on financial status. The applicant’s assets must value at $2,000 or less, but that does not include their automobile or home.

The common use of residential care for the elderly opened the door for many different assistance programs that suit the varying needs of aging residents.

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