The Cost Of Nursing Homes and At-Home Care Goes Up Nationwide
A survey released by Genworth Financial Inc., showed that the cost for senior care continues to rise across the country. Costs were up an average of 3 percent from 2017 to 2018, with some care categories exceeding the United States inflation rate by two to three times.
The company Genworth, which released the survey, sells long-term insurance and has been publishing its care related survey for 15 years. According to Gordon Saunders the senior brand marketing manager for Genworth ““It is a benchmark to understand, as I age or as a family member ages, wha I can expect the cost is going to be.”
The availability of the type of workers to work in these settings is making it challenging - Gordon Saunders, Genworth Financial Inc.
One example of the pressure on the affordability of senior care was in Virginia, where costs rose from 2017 to 2018 for homemaker services, home health aides, adult day care and nursing home care. The largest increase was for a private room in a nursing home facility, which rose nearly 7.7 percent in Virginia to a median annual cost of $102,200.
Nationally, costs for a private room in a nursing home rose 3 percent to $100,375.
Other Cost Increases For Long-Term Senior Care
- The cost of Assisted Living Facilities rose by almost 6.7 percent from 20117 to 2018, to a median cost of $48,000 per year.
- The costs for home health aides saw an increase of 2.3 percent to $50,336 annually nationwide.
- The cost of adult day care services rose 2.8 percent nationally to $18,720 per year on average.
According to Gordon Saunders, one of the many reasons for the increase in the cost of long-term senior care is the ability of businesses to obtain qualified staff. “The availability of the type of workers to work in these settings is making it challenging,” he said.
And as the demand for senior care services continues to increase in the U.S. and worldwide for that matter, it can be expected that the cost of such services will continue to increase as well.
Genworth reports that its data was obtained from surveying about 49,000 long-term care providers nationwide.
How Can We Afford Long-Term Senior Care?
One well reviewed and highly respected option for long-term senior care is becoming more and more available. That type of care is know, as Adult Foster Care, Senior Board and Care and other names depending upon what state you may reside in. With thousands of such homes now available throughout the U.S., many families are taking advantage of this type of senior long term care facility. Most states have licensing and staffing requirements, and these homes are an excellent alternative to nursing homes, often able to provide compatible care in a small homelike environment, and ad a much more affordable cost.
Please use our site to find such home near you and your family. And use our Help Sections to ask questions and get assistance. You will be glad you did.
Senior Homes - What are the Options in Your State
In your search for a place for yourself or a place for mom or dad to live, you are seeing so many different names and terms for various types of senior homes and senior living. These terms and names have changed over the years and what we may have at one time called a 'Nursing Home' or 'Old Folks Home' are now called many other things. At one time thoughts of white-walled, institutional settings we we’re hesitant to visit are now independent and assisted living options offering a wide range of appealing amenities, features and socializations.
Assisted Living, Adult Foster Care, Nursing Home, Board and Care Homes.
The different levels of care available today will depend on you or your loved one's needs, and various options, depending on a senior's health, age and financial status.
What is very important however, is that most if not every state in the U.S. has it's own definitions - descriptions and usually licensing requirements for senior living options. This is where we provide you with an important and useful resource for finding what your states options are.
To discover what senior living options are offered in your state:
Information updated regularly.
When it comes time to choose a home for you or your senior Loved One, you may discover it is a difficult task. Your goal is to find the best home possible yet you may be looking at many, even dozens of homes on a list. How will you make the right decision?
Use Senior Home Search to find Adult Foster Care, Assisted Living, Board and Care Homes and More
The purpose of this website is to provide information that will assist you in understanding your senior housing choices so you may make informed housing decisions.
One of the most important decisions older adults make is their choice of housing. There are a vast array of available options ranging from living independently in your own home without receiving any in-home support services to living in a nursing home and receiving total care.
Many seniors will want to stay in a cherished home for as long as possible but will make some changes to make it safer and more comfortable. Others will seek a group setting, where companionship and planned activities fill the day and where support services may be easier to obtain.
Housing appropriate for one older adult may be completely unacceptable for another. An older person who needs assistance may require a different type of housing than one who can live independently. What’s most important is matching, as closely as possible, housing and living arrangements with an older adult’s needs and desires.
If you are beginning to think about senior living options our website can help you
It helps to know beforehand that the terms for housing options for older adults can be very confusing. In some cases, no standard “vocabulary” clearly distinguishes one housing type from another.
An example is the term “Assisted Living.” There is not a standard definition for this term. In some states, where assisted living is not licensed or regulated, the term may be used very loosely. Facilities in these states may not provide the services usually associated with assisted living. In other states, the term is used to describe a specific type of housing option. Those investigating various housing options should make sure they have confirmed all the features and services offered by a provider.
It is similar with the terms "Senior Home", "Adult Foster Care" or "Adult Foster Care Home", "Board and Care Home" and the list goes on. It is important to understand the terms used commonly in your state before your search begins. We can help.
At Senior Home Search, we offer a convenient and free service for finding homes for seniors that are of a Small Setting - usually 6 residents and up to 20 residents. Most of these wonderful homes are owned and operated by individual family business and are regulated and overseen by state agencies. In short, homes that are an excellent option for Senior Care.
Finding the right senior care home, or senior housing can get overwhelming at first, but having a better understanding of all the options of an Adult Foster Care home in your area, will make it easier and less stressful. Senior Home Search will help.