The 3 Most Affordable Locations for Seniors

When you make the decision for your family that it is time to seek out professional care for your elderly loved ones, it may be difficult to decide on which services are right for you and your family. It all depends on what your needs are and what is realistic taking into account your budget. There are a wide range of services out there, including home health care and assisted living which are by far the most popular choices for those who can no longer live on their own and need daily assistance. In this article, we’ll break down some price differences as well as the pros and cons of choosing one over the other.

In-Home Healthcare

One of the benefits of receiving senior home care is that the client can remain living in their home and can feel more autonomous in their daily living. If your loved one still has a healthy level of independence but simply needs help performing daily routine tasks such as getting dressed, cooking, cleaning or running errands, then in-home care might be the right choice for them. In 2015 the cost of a home healthcare giver in Arizona ranged anywhere from $14-$25 per hour and clients can expect about a 1% annual increase in this hourly rate. According to MetLife Mature Market Institute this translates to an average cost of $21,840 per year if your homecare giver works 4 hours a day, 5 days a week.

Assisted Living

For seniors who require more attention or can no longer live alone, assisted living might be the better option. At assisted living facilities, residents can enjoy an active, independent lifestyle while being close to trained and certified professionals at all times of the day in case of emergency. In Arizona, assisted living costs per month can range from $1,005 to $3,165 with a total annual average of $37,200. These costs, compared to an annual average of $82,308 per year for a private nursing home, might seem daunting but more and more insurance companies are starting to offer some coverage for this kind of accommodation.

It may seem easier to go with in-home care vs. assisted living because of the obvious pricing difference but it’s important to make this decision based on what services your family requires. In the long run, in-home care might not be adequate enough to properly take care of your loved one. On the other hand, assisted living might be something to consider further down the line.