Resources for Family Caregiver

Home Care Costs Rising More Slowly than Other Health Care Options

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Although long-term care across all service types has increased over the last year, home care has increased the least. Also, home care still remains the most cost-effective avenue of care when compared with nursing home care and assisted living.

 

Studies confirm home care more cost-effective than nursing home care and assisted living.

Studies confirm home care more cost-effective than nursing home care and assisted living.

The cost of care in a private room in a U.S. nursing home averages roughly $94,170 per year, with the costs of assisted living averaging $41,124 annually, according to a report by John Hancock Life Insurance Company.

Home care, in comparison, averages $29,640 annually, the study finds based on responses from 16,000 long term care providers nationwide. Long term care across all service types having increased over the past year, with home care having increased least.

Based on a five-year average, the company finds the cost of nursing home care has risen most, at 3.6 percent per year for both private and semi-private room options. Assisted living, in contrast, has risen 2 percent annually while the cost of a home health aide has risen 1.3 percent. Costs vary by geography, the company notes, showing geographic discrepancies through its national long term care calculator.

“The cost of long-term care continues to be one of the most significant uninsured financial risks that an individual can face,” said Michael Doughty, Executive Vice President & General Manager, John Hancock Insurance. “[We] hope that our cost of care studies will raise consumer awareness and will help them understand how important planning ahead for a potential long-term care event can be to their future.”

The findings compare with similar results of an annual Genworth Financial Survey indicating care costs have risen 5 percent year over year in 2013 for assisted living, 3.6 percent more for nursing home care, and 1.4 percent for home care.

Source: Elizabeth Ecker of Home Health Care News


Support for Alzheimer’s and Other Types of Dementia

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If you or a loved one has been diagnosed with dementia, you are not alone. The Alzheimer’s Association is one of the most trusted resources for information, education, referral and support.

Get up-to-date information on brain health and aging, treatment options for Alzheimer’s and other dementias, as well as caregiver support.

Get up-to-date information on brain health and aging, treatment options for Alzheimer’s and other dementias, as well as caregiver support.

 

Call their 24/7 Helpline: 800.272.3900
Visit the online Alzheimer’s and Dementia Caregiver Center
Visit their Virtual Library

The Alzheimer’s Association 24/7 Helpline provides reliable information and support to all those who need assistance. Call toll-free anytime day or night at 1.800.272.3900.

The 24/7 Helpline serves people with memory loss, caregivers, health care professionals and the public. Read more


Free Guide to Taking Medicines Safely

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Take Medications Safely

Call the AHRQ Publications Clearinghouse at 1-800-358-9295 for your free guide.

Prescription Medicines and You, published by the Agency for Healthcare Research and Quality (AHRQ), is a free guide that gives practical tips on how to take medicines safely.

It also gives advice on questions to ask your doctor, nurse, or pharmacist. To get a copy of this brochure, call the AHRQ Publications Clearinghouse at 1-800-358-9295.