There are three ways people pay for long-term care: using their long-term care health insurance policies, Medicaid, and their own funds. So what do you do if you, or a loved one, do not have have an insurance policy that covers long-term care and are not covered by Medicaid?
If you have either of the two, a nursing home can be an affordable solution. However, with neither to cover the cost of care, good nursing homes can be way too expensive. Home care is possible but the truth is that if you need special help from a caregiver, home care can also be just too expensive.
The good news is there are plenty of sound alternative choices for long-term care. These choices range from free to entailing some expense, however, relatively to an unsubsidized nursing homes, they are definitely more affordable. On top of that, a level of independence is retained, which is important to most people who refuse nursing homes as a form of long-term care.