Revolutionize Elderly Support with Dementia In Home Care Experts
Cost Considerations and Financial Insights
While the cost of in-home care can vary depending on the level of care required and the geographical location, it is often more affordable than nursing home care. According to Genworth's 2021 Cost of Care Survey, the national median cost for in-home care is approximately $4,481 per month, compared to $7,756 for a semi-private room in a nursing home1. Many families find that in-home care is a more cost-effective solution, especially when considering the emotional and psychological benefits of keeping loved ones in a familiar environment.
Some insurance plans, including long-term care insurance, may help cover the costs of in-home care. It's essential to review your policy details and discuss options with your insurance provider to understand what support is available. Additionally, some states offer Medicaid programs that can assist with in-home care costs for those who qualify.