Acceptable Payment Options
Providence Staffing Agency (PSA) offers many payment options to ensure that clients receive value driven, professional services. We also provide caregivers with the opportunity to work as independent contractors through our agency. As such, all payments for the delivery of services are made directly to the agency.
We accept the following forms of payment:
We accept most private health plans for the services we offer. Should you opt to use your insurance, please provide us with your insurance information at the scheduled consultation time. For more information about coverage under specific plans, please call your local health center.
Funding Senior Care
Planning for senior care might seem like a daunting but necessary task. At PSA, one of our goals is to help in making this process as seamless as possible for our clients. Although there is a plethora of information on this subject, we have narrowed the various options available for your convenience.
Medicare, Medicaid(based on qualification), Long-term care insurance, Veterans Administration benefits and out of pocket payment (savings and assets) comprise some of the available options.
Medicare provides a narrow range of costs and is not the answer for extended care. For example, Medicare doesn't cover 24-hour-a-day home care and Personal care services (bathing, dressing etc.) provided by home health aides. However, it covers short term physician-prescribed skilled nursing for home healthcare; physical, occupational and speech therapy; medical social services. Depending on one's eligibility, coverage for a maximum of 100 days nursing home care is provided by Medicare.
Medicare also offers coverage for some medical equipment for home use and hospice care for terminally ill individuals with six months or less life expectancy.
Medicaid is the largest public institution that pays for long-term care of seniors who qualify for nursing home care and other costs that Medicare does not cover. Also, it may cover limited in-home care services. Individuals who receive Supplemental Security Income (SSI) are likely to automatically qualify for Medicaid. An individual with limited income and assets can also qualify for medicaid.
Requirements for eligibility vary by state and depend on one's state of residence. Seniors must either be citizens of the United States or fall under some qualified non-citizen categories such as lawful permanent resident. In some instances, seniors may qualify for Medicaid if they have spent their income and assets on nursing home or other health care expenses. Often, seniors who do not qualify for large government programs may qualify for state programs. Information on state programs can be obtained through local Aging Agencies.
Long-Term Care Insurance (LTC or LTCI)
Long-term care insurance is designed to cover long-term services such as personal and custodial care. These services take place in various settings such as one's home, a community organization or other facility.
Policy holders of long-term care insurance policies are re-imbursed a daily amount for services that assist seniors with activities of daily living such as bathing, dressing or eating. The daily amount re-imbursed is dependent on the pre-selected limit. Also, seniors are offered a range of care options and benefits to choose from. Although Long-term care insurance is designed to help seniors pay for long term care, coverage is expensive and increases with age.
The cost of long-term care policy is based on the following factors:
Seniors receiving long-term care services or in poor health may not qualify for long-term care insurance since most individual policies require medical underwriting. Individuals interested in long-term care insurance should bear in mind that many long-term care policies have an elimination period (waiting time period during which a policy holder must pay for his or her own care). The longer the elimination period is, the lower the premium paid.
Veterans Administration Aid and Attendance Pension Benefit
The Veterans Administration (VA) offers benefits that can offset some of the costs associated with the cost of in-home care for veterans and their surviving spouses. To qualify for the Veteran Administration's non-service connected disability pension, it is required for surviving spouses of veterans and veterans to serve for a minimum of 90 days on active duty. Also, an individual who has served for one day during a period of war may qualify for the Veteran Administration's non-service connected disability pension.
Paying Out of Pocket for Long-Term Care
Funding for long-term care through personal resources seems attractive to individuals who may not wish to purchase long-term care insurance. Other factors that can compel an individual to self-fund may stem from limited Medicare coverage or an inability to qualify for Medicaid.
The amount of care a senior requires, coupled with his/her location will determine the cost of care. To figure out if nursing home care, assisted living facilities or in-home care will be preferable, seniors should research on the costs of nursing homes in their vicinity. An estimated cost for a four year stay period should be calculated too. According to MetLife Mature Market Institute's annual survey of nursing homes, the average daily rate in 2008 for a semiprivate room was $191 in 2007. The services of a home health aide on the other hand, often costs about $20 an hour depending on one's location.
In order to meet one's financial obligations, an avenue through which steady cash flow can be obtained is necessary. Some avenues that can be researched include reverse mortgages, income from one's pension, social security and investments.
Should I Get a Caregiver ?
Most individuals have fond memories of experiences created by loving seniors. Our loved ones have served and continue to share their love with us to the best of their abilities. It is quite understandable for the love and attention expended on family members by seniors to be reciprocated in their golden years. Much as many individuals strive to care for seniors while managing their personal affairs, we realize that it can be stressful juggling both responsibilities. The situation becomes dicey when the seniors involved have terminal illnesses or other illnesses associated with aging.
Most often, the personal and financial costs associated with caring for seniors by family members can be high. Family members with the responsibility of caring for seniors are often compelled to cut back on their social lives. In some instances, they request for reduced responsibilities at work in order to take care of seniors. The emotional, financial and psychological toll resulting from these decisions can sometimes affect the quality of life of family members who take care of seniors.
At Providence Staffing Agency, we pride ourselves in helping families improve their quality of life by providing skilled and compassionate caregivers to seniors. Our caregivers are trained and assigned based on their experience and the needs of seniors. This is why we encourage you to entrust us with the care of your loved ones.
The next step in getting started with us is to either give us a call or fill out our form. One of our skilled Coordinators will respond by discussing your needs, answering your questions and scheduling an appointment. We can be reached at the phone number; (301)-605- 2924.
Call Us: 301-605- 4411
Call Us: 301-605- 4411
Call Us: 301-605- 2924
Call Us: 301-605- 4411