DEFINITION of 'Group-Home Care'

Care given to a group of people with similar disabilities within a residence. Those in a group home receive both custodial care and care that is provided by skilled and medically trained professionals. A common disability of people in group homes is Alzheimer's disease.

BREAKING DOWN 'Group-Home Care'

Caring for a family member with a disability can be a very stressful and overwhelming at times. A group home can be a viable option for those who are prevented from performing activities of daily living and whose family members may not be able to provide daily care. However, group-home facilities can be very expensive unless supplemented by long-term care insurance or public health program such as Medicare.

RELATED TERMS
  1. Custodial Care

    Non-medical care that helps individuals with his or her activities ...
  2. Accountable Care Organizations

    Healthcare providers that take a group approach to coordinating ...
  3. Respite Care

    Short-term or temporary care of a few hours or weeks of the sick ...
  4. Any-Occupation Policy

    A term used in the insurance industry to refer to a specific ...
  5. Total Permanent Disability (TPD)

    A condition in which an individual is no longer able to work ...
  6. Disability Insurance

    A program managed by the Social Security Administration that ...
Related Articles
  1. Financial Advisor

    Long-Term Care: How and Why You Should Plan for It

    The likelihood of needing long-term care is higher than most people realize. Here are some ways to plan for it.
  2. Insurance

    The Disability Insurance Policy: Now In English

    Learn to translate this complicated policy so you can rest assured you're covered.
  3. Managing Wealth

    How to Choose a Residential Care Home

    When an elderly loved one needs supervision, a residential care facility can be the closest thing to living at home.
  4. Financial Advisor

    Long-Term Care: More Than Just A Nursing Home

    Learn what you can do now to keep your options open in the future.
  5. Insurance

    Long-Term Care Insurance: What to Consider

    Long-term care may be a wild card in your financial plan, but at the very least, it should be discussed with your financial advisor.
  6. Managing Wealth

    Tips for Insuring Your Salary

    Those with high incomes really can’t afford to be without disability insurance. Here's why.
  7. Financial Advisor

    How to Help Clients Who Have Become Disabled

    Disability can strike a client any time. Advisors should make sure clients are adequately insured against this risk and know what benefits are available.
  8. Taxes

    The New Tax-Free Savings Accounts For the Disabled

    Due to the Achieving a Better Life Experience (ABLE) Act, many people with disabilities will have an easier time financing their lives, starting in 2016.
RELATED FAQS
  1. Will Medicare pay for long-term costs?

    Long-term care refers to a variety of care services (medical and non-medical) that helps meet the needs of people who have ... Read Answer >>
Hot Definitions
  1. Book Value

    1. The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated ...
  2. Dividend Yield

    A financial ratio that shows how much a company pays out in dividends each year relative to its share price.
  3. Fixed-Income Security

    An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. ...
  4. Free Cash Flow - FCF

    A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents ...
  5. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  6. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
Trading Center