Estimated costs for different types of senior care

The following is an estimate of the costs of the varying types of senior care for your aging parents:

Telephone Calls – Telephone home call "care" can cost approximately 40 per month, for safety checks, medication management, etc.

Home Care – Depending if you hire an agency, approximate costs $20 per hour,  $7,500 for 24/7 care; or a private individual approximately $10 per hour, although you have  to pay taxes, insurance on top.

Respite Care – Otherwise, known as Hospice, can be paid by Medicare.

Visiting Nurses – If treatment prescribed by physician, may be covered by Medicare or Medicaid. Private care nurses will cost approximately $25-$60 per hour.

Continuing Care Retirement Communities (CCRC) – Most CCRC facilities you “buy” your way in at $500,000; in addition monthly care/maintenance fee of $3,000 per month. The fees vary according to whether your “deposit” is refundable or non-refundable; cottage, studio; any amenities chosen; the type of service contract chosen; and current health status.

Assisted Living Facilities – The cost ranges from $2,500, for independent living to $7000 per month, depending on your level of care.

Nursing Home – The average cost for a private room in a nursing home is $7,500 per month.

These rates or prices vary from county to county, state to state. Therefore, these are just estimates, based for Frederick County, Maryland.

Tags: , , , , , , , ,
Posted on: No Comments

Leave a Reply