The 10 Best Home Care Agencies for Seniors in Waterford, VA for 2024

Caring.com offers a free service to help families find senior care and authentic reviews to help you in your decision. On average in Waterford, VA, residents and their loved ones rate In Home Care agencies across the 48 options below.

Home care in Waterford, Virginia, costs an average of $5,339 every month. Both the state and national average are less, at $4,767 and $4,957 respectively. To the west, in Winchester, the cost is $668 less. In the southern part of Virginia the cost of home care is also lower than in Waterford, with Lynchburg at $4,185 and Blacksburg at $4,957 per month.

In Waterford, Virginia, both home care and home health care cost $5,339 on average. The most expensive option in the area is nursing home care, with a semi-private room $6,128 more than home care each month. Adult day health care is the least expensive option, at $2,282 on average, but may not be enough care for some seniors. Assisted living, a more middle-of-the-road option, is close to home care at $5,948.

Given the high cost of in-home care, many people use one or more forms of financial assistance to cover the expenses. Below, we explain some of the most common sources of financial help for paying for in-home care. If none of these options are available to you, you can reach out to your Area Agency on Aging or Aging and Disability Resource Center to learn about local resources.

• Long-Term Care Insurance: Long-term care insurance covers expenses related to senior care, including in-home care. Depending on the policy type, beneficiaries may receive a cash payment to use towards long-term care or reimbursement for qualifying long-term care expenses. Note that there are limitations- typically a maximum benefit of $150 per day- and exact coverage terms vary depending on the exact policy, so always check the details.
• Medicare: Medicare does not cover in-home care because it is classified as custodial, or non-medical, care. However, some Medicare Advantage and Medicare Supplement plans, which offer expanded benefits, may cover in-home custodial care.
• Medicaid: Medicaid coverage of in-home care varies between different states because it is not a federally mandated benefit. Currently, all states cover some in-home care either through their standard Medicaid or a waiver program. The specific coverage rules are set individually by each state.
• Veterans’ Benefits: The Aid and Attendance benefit is a monthly cash payment that beneficiaries can use to pay for senior care, including in-home care services. To qualify for A&A, Veterans must already receive the VA pension and meet several additional requirements, including needing assistance with the activities of daily living. Contact the Department of Veterans Affairs to learn more.
• Reverse Mortgages: Home Equity Conversion Mortgages (HECMs) are federally insured loans that are available to homeowners age 62 and over. Reverse mortgages allow you to access a portion of your home’s equity in cash, tax free. Many seniors use reverse mortgages to finance their care expenses, including in-home care. Note that although there are no monthly payments due on reverse mortgage loans, borrowers do have to repay the loan once the last surviving homeowner passes away, moves, or sells the home.