Viatical settlement companies can help people who need in-home hospice care by giving them a large amount of money in exchange for their life insurance policy. This money can help cover the high costs of getting professional care at home during a person’s final days. In-home hospice care allows patients to stay in the comfort of their own homes, surrounded by familiar faces and settings, which can make their last days more peaceful and dignified. This article explains how using a viatical settlement can help fund this important care, ensuring patients have the support they need while staying at home.

Blog feature image with a woman wearing a red turban and a man sitting on a couch holding each other's hand and a caption that says in home hospice care

What Is In-Home Hospice Care?

Sometimes called palliative care, hospice care is for patients who are expected to live for six months or less. Hospice care is designed to help people live out their last days as comfortably as possible. In many cases, people go to a hospice facility for this type of care, but you can also opt for in-home hospice care.

Often, in-home hospice care involves a team of professionals. You may deal with physicians, nurses, hospital aides, social workers, bereavement specialists, and others. They come to your home, to provide the care you need. Unfortunately, paying for all these professionals can be expensive, but funds from a viatical settlement company can help to offset those costs.

how to get hospice care at home

Why Stay Home?

Every individual has their own unique reasons for wanting to be at home, but some reasons patients may want in-home hospice care include the following:

  • Home is comfortable
  • Your family or even friends can stay close by
  • You can be near pets and familiar objects
  • Hospitals can feel lonely and isolating
  • Being at home reduces stress
  • Research shows that being at home lessens the intensity of grief for family members

That said, if you are simply at home on your own, you may want access to pain medications, or you may want to occasionally consult with a medical professional. When you use the money from a viatical settlement company to hire in-home hospice care, you get the benefits of a comfortable home environment as well as help to cover medical expenses and the healthcare professionals you need.

who pays for hospice care at home

How Does Using a Viatical Settlement Company Help?

When you have an illness, you usually face an unwieldy and unaffordable amount of medical bills. Often, you may not be able to work, and your relatives may also be short of money as they take time off from work to care for you. Dealing with that kind of financial stress when your body is trying to fight a disease can be extremely difficult.

When you work with a viatical settlement company, you can sell your life insurance policy for a lump sum of cash. You can get the funds you need to cover a variety of expenses including in-home hospice care. In a lot of cases, cancer patients are cared for by their family members, but when you use your settlement to cover the costs of your care, you give your relatives the freedom to just focus on being your family member rather than your caretaker.

Have questions? Want to get an estimate? To learn more about working with a viatical settlement company to cover in-home hospice care, contact us today at 877-793-6096. At American Life Fund, we help you get funding for in-home hospice and other necessary expenses, by purchashing your life insurace policy, so you can remain free of financial stress.

About the Author: Eugene Houchins

In 2005, Gene Houchins founded American Life Fund, addressing a significant gap in financial options for life insurance policyholders. As its leader, Gene specializes in providing swift financial support for those with severe illnesses. Through viatical settlements, his organization is able to assist patients with funding medical and living expenses through their existing life insurance policies.

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