Financial Information

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The home care industry has grown rapidly in response to the aging baby boomer population. Home health care is now known as an affordable alternative to nursing homes and assisted living for the elderly, as well as all individuals who need additional support and care.

Not only is home health care safe, convenient and familiar, it gives your parent or loved one the opportunity to maintain the highest level of independence and quality of life possible.

The financial burden is a huge concern when trying to decide the best place for your aging loved one. Some assume that bringing a caregiver, home health aide or nurse into your home is more costly than other types of care—this is often not the case! In many circumstances, home care is less expensive. Per Genworth’s Cost of Care Survey, national averages show the following…

Private room in a nursing home is $250/day.

In-home supportive caregiver assistance is $20/day.

Home health aide services are $20/day.

For a more detailed breakdown of financing, see our Cost Analysis.

Rates for nursing homes and assisted living are largely based on the type of facility, type of occupancy and level of care. It’s important to factor in the additional costs associated with choosing a nursing home or assisted living facility. You are responsible for moving costs. There is also a higher risk of return hospitalization.

The American Nurses Association states that nearly 25% of seniors are readmitted within 30 days of being discharged to a nursing home. Care Advantage offers specialized transitional care programs that are proven to reduce hospital readmissions. You choose how much potential financial, physical and emotional risk you want to gamble with when choosing an alternative form of care.     

At Care Advantage, we understand the uncertainty and hesitation involved in making the best choice and working out financing specifics. That’s why we’re here to help, and urge you to give us a call to discuss options and schedule a time to meet.

We’ll conduct a free evaluation of your loved one’s needs and perform an assessment of their home.  Together we’ll create a customized care plan that has you confident in the care you’re receiving, and satisfied with the financing terms.

For more information on how we determine financing, or for specific rates, contact Care Advantage today!