As our aging population continues to grow, so does the demand for elder care. The idea of paying for elder care can seem overwhelming. At some point, we may need to make decisions for ourselves or loved ones when living without help at home is no longer possible and more care is needed. But who can afford elder care costs? How much do the options really cost?
Three options for seniors and their families to consider are: in-home care agencies, like Caring Hearts Home Health Care, nursing homes, and assisted living communities. It makes sense that most people want to remain in their own home as long as possible. In-home care, like Caring Hearts Home Health Care, makes it possible for people to live at home longer, but many don’t realize that in-home care is often the most inexpensive option too.
In a recent survey by Genworth, it was reported that the median cost of care for an adult in his or her home is $60 daily. That means the cost to provide care to an adult in their own home by a licensed care provider for 30 days would be approximately $1,800. Now, compare this to the monthly cost to stay in a one bedroom, assisted living community unit for a month; $3,261. That’s a monthly savings of more than $1,400! Additionally, the cost to stay in an assisted living community has increased nearly 6% over the past 6 years, while the cost of in-home care has increased less than 2% during that same time.
Below, compare the costs and differences of eldercare for yourself, and then call Caring Hearts Home Health Care at 1.888.761.6375 or 513.761.6510. *1
