Costs of In-Home Health Care Services
The cost of Abcor’s Chicago home health services are significantly lower than assisted living or nursing home care. The average in-home care services run about 1/3 the cost of an Assisted Living Facility and less than 1/4 of what a “skilled” facility would cost.
Few individuals or families that are affected by Alzheimer’s disease or dementia can afford to pay for placement in long term skilled nursing facilities or assisted living facilities. Home health care services are the most affordable long term care solution.
In 2008, the average cost of care services for Alzheimer’s/Dementia are shown based on the location of care:
Assisted Living Facility
The average cost for basic services in an assisted living facility was:
For specialized care for Alzheimer’s and other dementia, they charged an average of:
Nursing Home / Skilled Nursing Facility
The average cost for a private room in a nursing home was:
The average cost of a semi-private room in a nursing home was:
Alzheimer’s Special Care Units
The average cost for a private room was:
The average cost for a semi-private room was:
Medicaid is the only federal program that will cover the long nursing home stays that most people with dementia require in the late stages of their illness, but Medicaid requires beneficiaries to have a very low income to receive coverage. At the same time, private long term care insurance is only an option for those healthy and wealthy enough to purchase policies before the onset of dementia.
As the elderly are faced with mounting home care costs and an idle economy, Abcor’s goal is to provide the best home care service at affordable prices. Abcor Home Health has implemented several strategies to reduce or maintain competitive pricing. These strategies include:
A rigorous hiring process assures only qualified caregivers are hired, and then caregivers are provided with advanced training
Abcor aims to keep employee turnover low and does not contract out for field staff, which further helps reduce care costs