Now there’s another way to help cover the rising cost of healthcare and in-home care
While Medicare covers some healthcare expenses, older Americans are still spending significant out-of-pocket money on supplemental health insurance premiums, long-term care insurance, home healthcare and non-medical in-home care.
A reverse mortgage allows homeowners 62 and older to borrow against their home equity in order to access a new source of funds, while they continue to live in and own their homes.|| Your clients will be less likely to have to draw upon savings or other investments to help them afford the care they need, now or in the future, including:
Personal care at home on a short or long-term basis
Home modifications for safety and accessibility
Durable medical equipment
Vehicle modifications for the mobility impaired
To learn more about solutions that could help the older adults you care for to pay for healthcare, in-home care or home modifications that can help them be safer and more comfortable, please reach out today.
||As with any mortgage, the borrower must meet their loan obligations, keeping current with property taxes, insurance and maintenance.