According to a 2016 report by HomeAdvisor, 61 percent of Americans 55 and older would prefer to age in place in their current home. This can be accomplished by making modifications to their home as well as hiring a caregiver.
Cost: The cost will vary depending on the extent of the modifications needed for the home and how frequently a caregiver will visit.Learn more
Home health care aides allow seniors to age at home by helping with daily tasks like planning meals, shopping and running errands, and cleaning around the house. They can be either friends/family or hired caregivers.
Cost: According to the 2017 Genworth Cost of Care Survey, the median monthly cost of home health aides was $4,099.Learn more
Senior day care centers are put into place to provide seniors with health issues a safe environment during the day. The trained staff offers medical care, social activities, and meals.
Cost: According to the American Elder Care Research Organization, the national average cost was $72 per day.Learn more
Assisted living facilities are communities that allow seniors to live independently in their own private suites without having to worry about chores like meal prep and laundry. Other amenities include health and wellness programs, social events, and transportation.
Cost: According to the U.S. Department of Health and Human Services, the average cost of a one-month stay is $3,628 for one bedroom, generally out of pocket.Learn more
Nursing homes are for seniors with medical conditions that requires 24/7 attention. These living facilities are staffed with licensed nurses, CAN’s, health aides, and some even have their own staff of doctors.
Cost: Nursing home fees range between $4,000 and $8,000 per month (with financial assistance available).Learn more
Continuing care retirement communities combine independent living, assisted living, and nursing homes into one location and allow residents to move in between each as their medical needs change.
Cost: Given the wide variety of services offered, the cost of CCRC’s vary greatly: $20,000 to $400,000 to purchase a space in one with monthly fees between $1,000 and $4,000.Learn more
Hospice care is for patients who are terminally ill or have a life-limiting diagnosis. This service comes to you or your loved one’s home to assist with pain management and even grief counseling.
Cost: Hospice care is covered under Medicare Part A, Medicaid, and insurance if the treatment is received in the patient’s home. Room and board in a hospice home is generally paid for privately, though.Learn more