The cost of elderly home care can vary depending on several factors, including the level of care needed, the location, and the agency you choose. Here are some common cost considerations that Serving You Homecare shares with our clients:
1. Hourly rates: Home care agencies often charge an hourly rate for their services. The hourly rate can vary based on factors such as the caregiver's qualifications and experience, the complexity of care required, and the location. On average, the hourly rates for home care range from $25 to $40 per hour.
2. Live-in care: If round-the-clock care is needed, agencies may offer live-in care services. Live-in care typically involves a caregiver residing in the client's home and is often more cost-effective than 24-hour care. The cost for live-in care can range from $350 to $600 per day.
3. Additional fees: Some agencies may charge additional fees for services such as transportation and RN visits. It's important to clarify these fees upfront to avoid any surprises. To avoid future
heartache, make sure that all additional fees are listed in the agency's contract.
When it comes to insurance coverage for elderly home care, here are a few points to consider:
1. Medicare: Medicare typically does not cover non-medical home care services. However, it may cover medically necessary home health care services provided by a Medicare-certified home health (different from home care) agency for a limited period.
2. Medicaid: Medicaid programs vary by state, but some states offer home and community-based services (HCBS) waivers that may cover certain home care services for eligible individuals with low income and limited assets.
3. Long-term care insurance: Some individuals may have long-term care insurance policies that can help cover the cost of home care services. The coverage and benefits can vary depending on the policy, so it's important to review the terms and conditions of your specific policy.
If you have Long Term Care Insurance, Serving You Home Care will submit your invoice for reimbursement on your behalf.
4. Veterans benefits: Veterans and their spouses may be eligible for certain home care benefits through the Department of Veterans Affairs (VA). The VA offers programs such as Aid and Attendance and Housebound benefits that can help cover the cost of home care services for eligible veterans.
It's essential to consult with your insurance provider, Medicare/Medicaid office, or a financial advisor to understand the specific coverage options available to you and to determine the extent of coverage for elderly home care services. Also, as you speak to the agencies, ask them what forms of payment they accept to aid you in your plans. Serving You Homecare is Medicaid waiver approved, accepts Longterm Care Insurance as well as credit card and ACH payments. For more information, contact us