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Deciding on in-home care versus nursing home care can be a difficult decision for you or your loved ones. Usually, seniors who contemplate whether they want care at home or in an institutional setting have a chronic illness, disability, or injury.
Each care environment has its share of advantages and disadvantages which can help you make a decision on which would be best.
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The cost of nursing home care varies greatly across the United States. The average amount that someone will pay for an assisted living facility is between $2,500 and $3,000 per month. You can pay as low as $1,000 per month in some states and as high as $6,000 in others.
The cost of in-home care also varies between states but is normally less expensive than nursing home care. The average hourly rate for experienced medical care providers is between $15 and $50. You can easily spend much less on this type of care because you may not have to pay for 24 hours if it isn’t needed.
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Most seniors prefer to stay in their home rather than living in an assisted living facility. Here are some of the benefits to why this is the most popular choice.
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Dental or vision options can be added to your
coverage.
Living longer means paying more for health care.
A woman who retires at 65 can expect to maintain her health until the age of 84, on average.2
Men who expect high health costs after they turn 65 end up retiring – on average – 13 months later than those who don't.3