
08/21/2025
Ways to Pay for Long-Term Care for a Loved One with Dementia Who Wanders
Families searching for how to afford dementia care often discover there are six main categories of financial help. These apply whether you’re considering senior home care in Atlanta GA, in-home care services, or memory care placement.
1. Government Programs
Medicaid for dementia care: Covers in-home care, assisted living, or nursing homes if eligibility rules are met.
Medicare coverage: Limited to skilled nursing, rehab, hospice, and short-term home health care services.
Veterans Aid & Attendance benefits: Helps veterans and spouses pay for elderly care services.
Local aging services: County and state programs may offer respite grants, transportation, and adult day programs.
2. Insurance Options
Long-term care insurance for seniors: Pays for personal care, respite, or 24-hour home health care.
Life insurance with living benefits: Converts policies into better home care service funds.
Hybrid policies: Combine life insurance and long-term care for flexible financial planning.
3. Personal Assets
Home equity solutions: Reverse mortgages or home equity lines to fund non-medical home care dementia care.
Retirement accounts (401k, IRA): Withdrawals can be used to cover elderly care in Atlanta GA.
Health Savings Accounts (HSA): Tax-free for qualified in-home elderly care services.
4. Family Contributions
Shared caregiver contracts: Adult children can pool resources to hire in-home caregivers.
Private caregiver agreements: Legal contracts allow families to pay relatives for personal care services while protecting Medicaid eligibility.
5. Community & Non-Profit Support
Alzheimer’s Association grants: Provide caregiver support and respite for families.
Faith-based and local charities: Often assist with senior care costs.
Adult day programs: Affordable solutions to prevent isolation and keep loved ones safe.
6. Planning Tools
Elder law attorneys: Guide Medicaid planning, asset protection trusts, and legal setup.
Financial advisors: Help structure funding, annuities, and retirement plans to sustain in-home care services long term.
We’re here to guide you with resources, better home care service, and compassionate caregiver in-home care in Atlanta.
📞 Call 404-719-4126 for support today.