Costs of In Home Health Care Services
The cost of in-home health care 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 the following care services for Alzheimer’s/Dementia were:
Assisted living facility:
The average cost for basic services in an assisted living facility was $100 a day, $3,031 a month, or $36,372 a year.
For specialized care for Alzheimer’s and other dementia, they charged an average of $138 a day, $4,267 a month, or $51,204 a year.
Nursing home/Skilled Nursing Facility:
The average cost for a private room in a nursing home was $212 a day, or $77,380 a year. The average cost of a semi-private room in a nursing home was $191 a day, or $69,715 a year.
Alzheimer’s special care units:
The average cost for a private room was $219 a day, or $79,935 a year, and the average cost for a semi-private room was $198 a day, or $72,270 a year.
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. Private long-term care insurance is only an option for those healthy and wealthy enough to purchase policies before developing dementia.
As the elderly are faced with mounting home care costs and idle economy, Abcor’s goal is to provide the best homecare service at marketable prices. Abcor Home Health, Inc. has implemented several strategies in an effort 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 ratio low and does not contract out for field staff, which further helps reduce care costs.
Abcor’s strategies are designed with 3 Cs in mind: Cost, Care, Control.