{"id":2004,"date":"2016-06-17T15:59:05","date_gmt":"2016-06-17T15:59:05","guid":{"rendered":"https:\/\/abbyservices.com\/comparing-the-cost-of-private-in-home-care-vs-assisted-living\/"},"modified":"2021-10-09T18:11:31","modified_gmt":"2021-10-09T18:11:31","slug":"in-home-care-vs-assisted-living-costs","status":"publish","type":"post","link":"https:\/\/abbyservices.com\/in-home-care-vs-assisted-living-costs\/","title":{"rendered":"In Home Care vs Assisted Living Costs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2004\" class=\"elementor elementor-2004\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bafd83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bafd83\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-74ed7708\" data-id=\"74ed7708\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3826d17 elementor-widget elementor-widget-heading\" data-id=\"3826d17\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">What does in home care really cost in comparison to assisted living?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cd57b5 elementor-widget elementor-widget-text-editor\" data-id=\"2cd57b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>In home care vs assisted living costs. It&#8217;s a consideration many find themselves making. The challenge is finding good information to make an educated choice.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7945d7 elementor-widget elementor-widget-heading\" data-id=\"c7945d7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">In-home care vs assisted living costs<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7c12ce elementor-widget elementor-widget-text-editor\" data-id=\"f7c12ce\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Cost is a major factor when considering care options. Staying at home is the first choice for most seniors. However, there comes a time in many senior citizens&#8217; lives where they are unable to safely and effectively care for themselves or a spouse independently at home.<\/p><p>In the past, most seniors were left with limited options. Fortunately, there are a number of options and services designed to provide as much, or as little, support as seniors desire.<\/p><p>Many facility-based options offer lifestyle choices, desirable amenities, and available health services as well. The reality is that cost ultimately can be the most important factor when making a choice.<\/p><p>Therefore it is important to understand what factors determine in-home care vs assisted living cost so that you can make a choice that suits you best.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd747eb elementor-widget elementor-widget-heading\" data-id=\"fd747eb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Most seniors prefer to age in place at home.<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98b82bf elementor-widget elementor-widget-text-editor\" data-id=\"98b82bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>&#8220;There&#8217;s no place like home&#8221;. It&#8217;s not just a line from the Wizard Of Oz. According to research by <a href=\"https:\/\/www.aarp.org\/research\/topics\/community\/info-2018\/2018-home-community-preference.html\" target=\"_blank\" rel=\"noopener\">the American Association of Retired Persons (AARP)<\/a>, \u00a0nearly 90 percent of seniors want to stay in their own homes as they age, often referred to as \u201caging in place. In-home care is one option to help seniors age in place and maintain control over their lives in a safe environment.<\/p><p>It&#8217;s important to note that this conversation doesn&#8217;t take into account the advantages of homeownership or the obvious benefits of one on one in-home care.<\/p><p>Assisted Living costs vary widely from state to state with the average base rate ranging from $2300 to $6000 monthly. The median national cost per resident is about $3500 as published by the <a href=\"https:\/\/www.genworth.com\/dam\/Americas\/US\/PDFs\/Consumer\/corporate\/130568_032514_CostofCare_FINAL_nonsecure.pdf\" target=\"_blank\" rel=\"noopener\">Genworth 2014 Cost of Care Survey. <\/a><\/p><p>Some assisted living residences add more fees onto their monthly rent in an &#8220;a la carte&#8221; fashion to further complicate your choices.<\/p><p>For example, will the facility do your laundry and at what cost? Will you have to pay for your own cable TV and Internet service? Be sure when evaluating options to ask about charges for specific services and make sure that you are clear about all the fees upfront.<\/p><p>The same Genworth survey published the national average of home health aides to be $20 per hour and homemakers to be $19 per hour. Applying this hourly rate of $20 for a caregiver means that home care costs about $4900 per month, which consists of 8 hours daily \/ 7 days a week.<\/p><p><a href=\"https:\/\/abbyservices.com\/\">Abby Services<\/a> and the professional caregivers we refer can cost much less however we will follow the national average for the sake of argument. Following along this line of reasoning, the cost of home care is $1400 more than assisted living.<\/p><p><strong>However<\/strong>, when it is practical to hire a caregiver for 6 hours daily rather than 8 hours, or 5 days a week instead of 7 days, then the costs are very similar. For example, you can hire a caregiver during a regular 40-hour workweek, and your monthly cost will be about $3500 (the same as assisted living). This also is considering that you are paying for a personal private caregiver.<\/p><p>Home care costs are comparable to assisted living costs when you can prioritize caregiver hours in terms of duration and frequency. In addition, you can counteract the expense of home care with help from family caregivers.<\/p><p>It is also worth noting that with Abby Services, and the flexibility of a private caregiver, you get to name when someone assists you, and for how long, maintaining independence and control.<\/p><p>Adult daycare is another care option to allow seniors to stay at home and is more cost-effective than relocating to an assisted living community. The national average daily rate of adult day services is $65\/day in 2014 per Genworth survey findings. At this daily rate, a monthly average of 20 weekdays will cost $1300 for daycare with perhaps an extra monthly allowance for weekend caregivers costing another $1300. The total monthly expense of about $2600 combining in-home care and adult day care is still significantly less than the reported $3500 average monthly cost of assisted living.<\/p><p>Combining adult daycare with home care services can offer favorable reductions in costs to keep more in line with monthly assisted living rates.<\/p><p>In conclusion, it seems that upon initial inspection in-home care costs may seem to be generally higher than assisted living. However, upon deeper scrutiny, home care services may be less expensive with adherence to creative management of caregiver schedules and utilizing available family caregivers.<\/p><p>Alternately enlisting adult daycare on a part-time or full-time basis and\/or supplementing with home care services opens up more possible savings. Therefore seniors preferring to stay home and hire outside assistance will be pleased to find in-home care rates that are competitive with assisted living<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What does in home care really cost in comparison to assisted living? In home care vs assisted living costs. It&#8217;s a consideration many find themselves making. The challenge is finding good information to make an educated choice. In-home care vs assisted living costs Cost is a major factor when considering care options. Staying at home [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[130],"acf":[],"_links":{"self":[{"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/posts\/2004"}],"collection":[{"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/comments?post=2004"}],"version-history":[{"count":0,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/posts\/2004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/media\/5502"}],"wp:attachment":[{"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/media?parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/categories?post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abbyservices.com\/wp-json\/wp\/v2\/tags?post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}