How Much Does Elder Care In the US Cost On Average?

Nearly 70% of people 65 or older will need some sort of elder care in their remaining years. The costs associated will depend on the type of care a person receives. Some people require full-time assistance while others only need help here and there. 

So, how can you determine how much care costs you’ll pay for yourself or an elderly relative? Keep reading the learn more about the types of care and the costs of each. 

Costs Depending on Types of Elder Care

The cost of care varies significantly depending on what type you need. The more hands-on care that is needed, the higher the price. Care that comes to your home is much more affordable than one where you live in the facility. 

Assisted Living

The average cost of assisted living averages at $4,300 per month. Insurance may or may not pay for this type of care. 

Assisted living is where someone is available to help with personal daily living tasks. This can range from dressing to eating. This option is for people who do not need continuous medical care. 

Interested in learning more about assisted living? Find more on dimensionsliving.com. 

Daycare

Do you have an elderly person you care for but need someone around to assist them when you are at work? Then an elderly daycare may be the best option. This type of care is a daily structured environment with activities and socialization opportunities. 

The average cost of an elderly daycare is $74 a day. 

Home Health Care

Home health is an option for elders who can care for themselves for the most part. This option is where a person can receive home nursing care a few times a week. This type of care is to help with medications, rehabilitation efforts, or wound care. 

You can expect to pay between $13 and $35 per hour, depending on the state you live in. 

Nursing Home 

A nursing home is a higher level of care for elders. This is for people who need continuous medical care. Most of the time, people in a nursing home are unable to care for themselves or live independently. 

Nursing home costs are much higher than the others. The average cost per month is $6,692 for a shared room or $7,604 for a private room. Some insurances may cover part of this type of stay. 

Factors Used to Determine Costs 

There are a few factors used to determine how much you’ll pay in elder costs. They are: 

• Location
• Level of medical care required
• Amenities 
• Living spaces
• One-on-one interactions needed

Costs can also be impacted by inflation and unique situations, such as the COVID-19 pandemic. 

Discover More Interesting Topics 

This article covered different types of elder care and the related costs. We hope you have a better understanding to make the best decision for you or your loved ones! 

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