What costs are associated with home care?

What costs are associated with home care?

Just like with any market, in-home care prices depend on supply and demand. Costs for home care can vary greatly based on your location, the home care agency, staff salaries, and more. Home Care Partners, for example, charges an hourly rate for hourly service. And, a daily rate for 24/7 in-home care staff.

Remember that home health care is a little different, because it’s medical care ordered by a physician and may be covered by Medicare or private insurance.

Families and seniors considering home care should evaluate additional, related costs, like utilities, maintenance repairs, and groceries. You’ll be able to factor in common home expenses like utilities, groceries, and home maintenance when weighing your senior care options.

Your elderly parents may be able to find financial assistance for home care through the following options:

Government-funded initiatives.

— Medicare, Medicaid, and the Program of All-Inclusive Care for the Elderly (PACE) may help with expenses related to in-home care. You need to ask questions.

— Veterans benefits. Eligible military-connected individuals may be able to use pensions, disability compensation, or military retirement funds to cover the cost of in-home care. Some expenses may be covered through VA health care or TRICARE coverage. There may be specific state benefits, in addition to federal benefits, that are worth pursuing.

— Insurance programs. Elders may be able to utilize a long-term care or life insurance policy to cover in-home care expenses.

— Private pay. Retirement funds, pension funds, savings, and other investments may be used to pay for in-home care.

For seniors who need some daily assistance but remain independent and prefer to age at home, home care is a terrific choice.

Many home care agencies will note whether they have caregivers experienced in specialized forms of care. This can be helpful for seniors with a progressive illness — such as Parkinson’s disease, dementia, or a disability — to receive the customized care they need.

JD Miller

About JD Miller

John D. Miller is the founder/owner of Home Care Partners, LLC, a Massachusetts business providing private duty, personalized in-home assistance and companion care services to those needing help in daily activities and household functions. Phone: (781) 378-2164 Email: [email protected] Website: https://homecarepartnersma.com
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