Cost of Home Care Services MA

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cost of home care

Cost of Home Care Services

According to Longtermcare.gov an estimated 10 million people needed LTC services. This statistic includes 3.6 million who were under the age of 65 and over 6 million were 65 and over. It is a known fact that at least 70% of seniors will require home care services at some point.  By the year 2050 the need for home care or long term care will double. A whopping 80% of seniors have their care deliver in their homes opposed to an institution. Shorter hospital stays transfer the responsibility of care to home care services or family care givers. LTC does not only include insurance but the services such as at home services that include eating, bathing, and dressing. Medicare will not pay for these services and Medicaid has income restrictions. It is important to try to pre-plan how you will pay for these services prior to needing them. This will make it less stressful when finding these services at the time of need. Home care services costs vary by state but the national annual averages are as followed according to Genworth:

 

Custodial Home Services-$44,616

Home Health Care Services-$45,760

Adult Day Care-$17,904

Assisted Living(usually only include the apartment and not additional services)- $43,200

Semi-Private Nursing Home Room-$80,300

Private Nursing Home Room-$91,250

Many people have LTC insurance but some have found that reverse mortgages, annuities, or trusts can also be a good way to pay for their home care services.

For Detailed Home Care Costs Using Your State Click Below

Home Care Costs by State