1. Long-term care insurance – Usually pays for in-home care professionals too.
2. Life insurance – Convert it into a long-term care benefit plan, providing cash monthly payouts for in-home care. Check with your insurance provider for details on your plan.
3. Personal assets – Private pay
4. Public programs for low-income groups – Medicaid, PACE (Program of All-Inclusive Care for the Elderly), Veterans Affairs (VA), Cash and Counseling programs