Private Pay means an individual or their family will use existing savings and assets to cover the cost of care services. Private pay, also know as paying "out of pocket" or "private duty," is one of the most widely accepted forms of payment in the home care space. It could also be the only form of payment that is acceptable in other care environments, including skilled nursing centers and assisted living communities.
If you are someone you care for requires long-term care, it is especially important to determine if it is affordable paying out-of-pocket. Before researching home care options, first get a good understanding of the finances you have available.
When determining finances, be sure to consider:
Savings
Pension
Assets
Family member contribution
If you have any questions about Private Pay, please contact us.