Senior Living Care Blog

Cost Differences Between In-Home Care and Assisted Living Care

Posted by Conor Denton on Oct 29, 2018 11:00:00 AM

As you attempt to transition your loved one into some form of daily care, it can be challenging to decide on which service is more cost-effective. Is In-Home care the way to go? Or does assisted living offer a broader spectrum of services for a flat rate? For many, these questions are essential in determining how their loved one will be cared for as they age. Below is information related to the expenses of daily senior care and which one might be more affordable for you and your loved one.


Two seniors crossing the street


In-Home Care

In-Home care is most certainly the preferred care option for the elderly and their loved ones. Many seniors needing daily care want to achieve that in their own home, not in a facility or senior living community. The familiarity of one's longtime home can bring a sense of peace, and in turn, that can help tremendously with the complications that follow In-Home care.


Correspondingly, you'll need to make sure that you visit your loved one regularly, as the last thing you want is your loved one to form a co-dependent relationship with aides. Far too often family members hire home care for their elderly loved one and stop visiting them entirely.

Whether you and your family hire an aide or attempt to take care of your loved ones' needs as a collective unit, there are lots of things to balance during the process.



Property Pricing

Property pricing is the main difference between in-home and assisted living care. For now, we will analyze the property costs associated with in-home care. For those of you who have paid off their home in its entirety, this section will apply differently for you. The following information is a culmination of rough averages, so every stat in and of itself should be taken with a grain of salt, as the purpose here is to inform.


Monthly costs of those living at home can cost well north of $1500 depending on individual circumstances. Between monthly mortgage/rent, utility bills, maintenance fees, and insurance costs there are a lot of variables to consider while additionally providing daily caring needs to your loved one.



In-Home Care Costs

If you are hiring a part-time aide that operates on visitation hours, you are looking at roughly $3,000-$5,000 in monthly fees. For those interested in full-time 24/7 care via an aide or multiple aides, you are almost certainly looking at paying $100,000 on a yearly basis. As you can see, most people attempt to care for their loved one with assistance from part-time aides, rather than spending over six figures on an annual basis.



Assisted Living Care

Assisted living care comes with a plethora of pros and cons. For starters, there is only one monthly payment made to whatever company is hosting your loved ones, regardless of the amount of care he/she needs. Usual pricing at assisted living facilities is roughly $3500 a month. Amenities are provided and included in your monthly fee, there are no aides to pay hourly, and there are a multitude of inclusive activities for your loved one to participate in. Assisted living care is unique in the way that it offers all of the caring needs your loved one requires while simultaneously being an all-inclusive community for your loved one to enjoy.


Correspondingly, you can't put a price on the comfort of your own home. At the end of the day you'd be asking your loved one to move out of their home; and regardless of how long they have been living at their home, it's a transition that is difficult for almost everyone. The magnitude of transitioning into assisted living care can and does vary from person to person. This is an instance where proper communication between your loved one and your family must take place. No one knows how your loved one feels other than them. Make sure to ask a lot of questions regarding preferences of comfort if you have decided that an assisted living facility/community is the path to go on.



Determining the Best Option for Your Loved One

While there are a lot of factors that can influence your decision-making, the final choice should come down to your loved one and your loved one only. After all, they are going to be the ones living in whatever situation is chosen. There are many points in favor of each side, so to come to a unanimous agreement on the best form of care for your loved one, you need to specify individual needs to a tee.


The Case for In-Home Care

For those who are unwilling to part with whatever space they call home, in-home care is the obvious choice. In-home care is also an option for those of affluence, as affording an aide whether it be part-time or full-time is more attainable. By all accounts, if you can provide in-home care your loved one is likely to be more comfortable than at an assisted living facility. Additionally, any care giving concerns you might have can be quelled as you can visit your loved one as often as you want.


The Case for Assisted Living Facilities

Assisted living facilities offer a more generalized option of care but for a vastly reduced rate. The affordability of assisted living facilities is their main appeal. A one-time, monthly payment covers all of your caring amenities, and the communal feel of assisted living can genuinely blossom friendships. For those who struggle to make ends meet, assisted living facilities are the best way to find affordable, trustworthy care for those they love most.



Next Steps

In conclusion, both in-home care and assisted living facilities offer similar benefits for different pricing. For those who can afford it, in-home care is a fantastic way to make sure that your loved one is receiving proper care in the comfort of their own home. On the flip side, assisted living facilities offer an inclusive communal environment coupled with a paid staff all for a consistent monthly rate. There are pros and cons for each side of the argument and at the end of the day your decision may very well come down to affordability of care programs or the preference of your loved one receiving care. Just make sure that whatever you decide on your loved one will be happy with the decision, after all they will be the recipients of care.



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Topics: Assisted Living

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