What are the average costs of senior care?

The cost of senior and elder care could be as low as $20 per-hour  or could be as much as $574,000 over 7 years, depending on the type of stay and level of care needed.

Options to pay for senior care include paying out-of-pocket, nest-egg savings, private insurance, long-term-care (LTC) insurance, home equity conversion (reverse mortgage), or life insurance conversions / selling your life insurance policy  (life settlement).

Medicare, Medicaid, and Social Security may officer limited assistance, but they are not designed to sustain senior resident housing  or long term care.

Learn more: Medicare Part A Coverage – Nursing Home Care (medicare.gov)

What is non-medical at-home care? (Custodial care)

Non-medical at-home care is administered by trained caregivers,  also called companion caregiver, custodial caregivers, or home care aides. Usually, non-medical caregivers are an affordable alternative to home-care facilities or a visiting medical caregiver or nurse.

Non-medical at-home caregivers provide personalized services:

Non medical caregivers do not administer medications or use medical instruments.

What is at-home healthcare?

At-home healthcare is administered by trained health aides, also commonly called Certified Nursing Assistant or Patient Care Assistant. Home health aides usually work under the direction of a nursed or doctor.

Home health aides share similar responsibilities as custodial care workers, but with guidance under a nursing professional.

Medicare Part A and Part B may be able to cover a limited portion of medically necessary At-Home healthcare expenses.

Learn more at:
Home Heath Services (medicare.gov)

What is adult day care?
Adult day care centers are found in all 50 states. Adult day care staffers assist patients away from home. It usually bills a daily rate. instead of hourly visitation rates. The cost of Adult Day Care is about half of what you would expect to pay for 8 of At-Home services every day.

Services rendered are similar to that of At-Home Healthcare:

What is adult day care?

Adult day care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

What are nursing homes?

Nursing homes, or Skilled Nursing Homes, care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

What are nursing homes?

Nursing homes, or Skilled Nursing Homes, care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

Medicare provides limited coverage for skilled nursing care provided in a skilled nursing facility (SNF).

Learn more:
Skilled nursing facility (SNF) care. (medicare.gov)