How much does in-home care cost?

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How much does in-home care cost?

When looking into in-home care for the first time, there are several key aspects to review. November PictureIt is important to decide what type of care is needed, how much care is needed and how often. One also needs to figure out which in-home care provider to hire. While these factors are important, one of the most ‘need to know ‘ questions to be answered is how much does in-home care cost? Once this question is answered, the potential patient, family member or loved one can begin the process of finding the best in-home care for their needs.

Cost of in-home care

Generally speaking, in-home care costs range around the $17 to $25 an hour bracket for non-medical care. The cost can easily change depending on a number of factors including type of care needed, number of care providers needed and the location in which the patient lives. It is also important to note that the costs of both in-home care and assisted living care are going up each year, meaning that if care isn’t needed for a few more years, you can expect to pay a higher hourly, daily and/or yearly rate than what is mentioned in this article.

How to pay for in-home care

There are several different ways to pay for in-home care. Below you’ll find a list of a few commonly used options:
• Monthly Income
• Personal Savings
• Reverse Mortgage
• Life Insurance
• Veterans Benefits
• Annuity
• Long-term Care Insurance
• Collective Sibling Agreement
• Medicare
• Medicaid

Both Medicare and Medicaid are used quite frequently for in-home and nursing home care. Though coverage by both are difficult to receive, Medicare is easier than it used to be, making it a great tool to apply for. Medicaid coverage is available for those who have very little in savings and is another option to go after. However, Medicaid differs state to state meaning that not all coverage and programs are the same and should be thoroughly researched.

In-home care costs vs.assisted living costs

Though both in-home care and assisted living costs can vary widely depending on location, medical and personal needs and amount of care given, research indicates that assisted living costs are in general much higher than in-home care costs. In fact, the national average for a one-bedroom apartment in an assisted living community is about $3,500 a month whereas in-home care costs roughly $17 to $25 an hour. The fee for some assisted living communities or skilled nursing facilities can range from $6,000-$8,000 a month.

Not only are the prices and pricing structures dramatically different but the living situation as well. Those who choose in-home care remain in their own home, staying within their everyday comforts, family members if they share their home and in their own neighborhood, which for some people helps immensely. Others choose an assisted living community for the benefit of prepared meals and added security. Plus the additional social, recreational, educational and health maintenance support that are offered and generally included in the monthly cost.

At SearchSeniorLiving.com, our In-Home Care listings include information that you need in making the choice of a care provider. When visiting our site, you will find: Agency Details, Payment Options, Memberships, Staff Details, Caregiver Training and more.

We are dedicated to helping you and your family ease the search for just the right In-Home Care provider, community, product or service! For more information and to use our Search, Sort and Match ™ tool, please visit our website or call us at 877-243-8073.

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