How to Pay for Long-Term Care in Michigan

As the cost of long-term care in Michigan continues to rise, many individuals and families worry about how to afford it, especially if they will need in-home services or nursing home care for decades. Fortunately, careful planning can provide options for paying for long-term care required for disabilities or advanced age.

Out-of-Pocket Payments

Some people pay for long-term care out of pocket, using their personal savings, retirement funds, or family wealth to afford home health services or nursing home care. Although using personal funds to pay for long-term care represents the simplest option, the high cost of long-term care, which some people may require for decades, can quickly deplete family assets. Paying out of pocket for long-term care works best for individuals with significant financial resources.