There are several options, in addition to seniors using their own incomes and savings. Some people liquidate their assets to raise the funds, while others take out
reverse mortgages, — a way of releasing payments by installments up to the home’s value, which the senior can use to pay their monthly home care fees.
Missouri Care Options is a Medicaid program that can help with home care costs for seniors at risk of institutional care who satisfy the program’s eligibility criteria. Two additional Medicaid programs that seniors may qualify for are the
Aged and Disabled Waiver, which focuses exclusively on non-medical supports, and the
Independent Living Waiver, which has the added benefit of helping with home modifications and specialized medical supplies.