No matter how good or fancy-looking the nursing home is, not a lot of people have the heart to turn over their loved ones to institutional care. Nursing homes give out cold and impersonal vibes, which makes one want to take care of their elders himself.
Caring for an elder is a full-time job and quite difficult too. A person who has bills to pay, a home to run can not spare time to take care of their seniors. Elders feel an emotional connection with their home and want to stay there as long as they can.
So, what an individual, dwelling between two impossible choices, can do is hire a home care provider for their loved one.
In-Home Care
In-Home care involves assisting with daily activities at the client’s residence. There are a variety of options laid out in home care services for seniors depending on the elder’s need if they want just assistance or medical care as well.
How Much Does In-Home Senior Care Cost?
A definite number can not be given, the cost varies depending on how much assistance is needed, hours, and the state the elderly is currently living in. The rates of different elder care services vary for basic and advanced-level care.
Let’s calculate how much does the in-home senior care cost.
Hourly Rate: This is the most practiced way of paying a home caregiver. Seniors who are somewhat independent and need little assistance with their daily tasks may require a care provider for a few hours either 2 or 4. The average hourly rate stands at $20 or more.
Daily Rates: Seniors who need assistance around the clock go for this type of arrangement. The average daily rate charged by a caregiver or home care agency stands anywhere between $200 to $350. This rate varies depending on the state you are living in and how advanced and specialized care the elder needs.
Overnight Rates: This costs less than the daily rate because of the limited number of hours and activities. This type of arrangement is suitable for the elders who get up too many times or have a degenerative condition. The average overnight rate cost around $120-$200 for 8-12 hours.
Monthly Rate: A survey conducted by Genworth Financial shows that the monthly caregiving services cost around $4000. If the elder needs advanced level care, the monthly rate would surely be more.
How to Pay for In-Home Care Services?
In-Home care services are expensive so before hiring a home care provider, derive a plan on how can I pay for the In-Home care services. To help you out a bit, here are some of the ways through which you can pay for the services
- Out of Pocket
- Ask your siblings to chip in
- Reverse Mortgage from a business like SoCal Reverse Mortgage
- Medicare & Medicaid
- Annuity
- Private Insurance
You are not doing anything wrong if you are choosing in-home care instead of nursing homes for your loved ones. Find the right care provider that not only assists with the daily activities but also makes a good companion. Search Home care in Naperville and choose the best caregiving services from the lot.
