Watching the Costs of Elder Care
December 22, 2015
Part of prudent cost prevention lies in understanding the spectrum of health for seniors as well as the spectrum of costs. Home care of a non-medical nature such as laundry and other related services as well as home healthcare such as checking temperature, pulse or equipment will both average around $20 an hour.
Based on a 250 day work year this is about $40,000 and can represent a significant cost if you are not properly planning for it. Daycare provides supervision and social activities and will average about $17,000.
Adult medical daycare will add 5% to 15% to that cost. Assisted living will annually run around $43,000 and a full nursing home care is around $80,000. Having a plan in place to address elder planning is crucial for your success, so find an attorney you can trust today.
