Nursing Home Vs. Home Care
According to research conducted by the American Association of Retired Persons, (AARP) 90% of Seniors prefer to remain in their homes as they age, commonly referred to as “aging in place.” Seniors like the independence of living in their own homes where they can associate memories with their neighbors, furniture, and every object around them. The thought alone of paying to live in an institution such as a nursing home or an assisted living facility can make one’s blood pressure rise. While seniors would prefer to remain independent throughout the course of their lives, it is inevitable that some activities of daily living (ADLs) such as bathing, driving, cleaning, or grocery shopping will become more difficult. When ADL’s are no longer physically or safely able to be performed, a nursing home or assisted living facility is not the only option. An in home care agency can be hired to assist seniors as much or as little as needed, and allow them to remain independent in the comforts of their home.
An in home care agency doesn’t always have to be utilized in situations where a nursing home would be considered for permanent living arrangements. For example, a person undergoes a knee or hip replacement procedure, a common surgery for seniors and middle aged persons. Rather than the person going to a nursing home for rehabilitation, a physical therapist can be assigned to oversee the person’s rehabilitation in their own home. Along with a physical therapist, a home health aid can be utilized to assist with ADLs until the person is fully rehabilitated and able to perform their normal ADLs on their own. The familiarity and comforts of a person’s home can help with the recovery and rehabilitation process.
Nursing Home Vs. Home Care Cost
The cost to reside in institutions for care such as nursing homes and assisted living facilities continue to elevate at rates greater than overall inflation, according to Genworth Financial’s 10th annual Cost of Care Survey. In contrast, the cost of in home care has elevated at annual rates of 1% or less over the past five years. This trend, along with the increasing number of seniors who prefer to age in place has greatly increased the number of in home care clients, and has been one of the factors of rising nursing home costs.
From 2012 to 2013 the national average annual cost of a private room in a nursing home rose to $83,950, a 3.6 percent increase from the previous year. Up 3.6 percent from 2012, the average cost of a semi-private room in nursing home amounts to $75,555 a year. In 2105 the average cost of residing in a nursing home rose 4.5 percent, if this trend continues at 5 percent increase per year, it will cost $200,000 annually in 20 years for nursing home care.
In comparison the cost of in home care has risen at a rate of .084 percent annually over the past five years. In 2013, the average hourly rate for a home health aid was $19.00 per hour. In 2015, the median average rate for a home heath aid is $20.00 per hour. In Ohio specifically, the minimum rate for a home health aide is $16.00 per hour and the maximum hourly rate is $24.00 per hour. Rates vary depending specific services required and the number of hours per week assistance is needed.
In many cases some or all expenses needed to cover in home care cost can be funded by Medicaid and other medical assitance programs. For more information and or assistance with seeing what benefits you or a loved one are eligible for please contact ALN Senior Care & Home Services.
For more information on in home care services please visit our FAQs page.