Navigating the Costs of 24-Hour Caregivers
- Find out how much 24-hour hour caregivers cost throughout the U.S. as well as the options that are available for individuals who need financial assistance.
More than 54 million Americans are aged 65 and older, and many of these older adults require 24-hour in-home care. Caregivers who work 24-hour shifts provide help with basic daily needs, such as bathing, grooming and dressing, as well as assist with additional tasks, such as preparing meals, housekeeping and medication administration. For those who need it, this type of care can help to promote independence.
While the cost of 24-hour caregivers is typically similar to that of assisted living, it's often less expensive than full-time, residential nursing care. Below, we discuss how much 24-hour caregivers cost, as well as some of the options that may be available for families and individuals who need some help paying for their care.
How Much Do 24-Hour Caregivers Cost?
The cost of 24-hour care varies widely depending on the location, the provider and agreed upon services. According to the Genworth 2019 Cost of Care Survey, 168 hours per week of homemaker services costs an average of $16,380 per month, while 168 hours per week of home health care costs an average of $16,743 per month. These numbers are based on national averages.
Homemaker Services vs. Home Health Care
While the average cost of 24-hour caregivers is similar for both homemaker services and home health care, it's important to note the differences between these two levels of care. Homemaker services generally include help with tasks such as cooking, cleaning and home maintenance. Home health care is more focused on personal care and typically includes services such as assistance with activities of daily living, medication administration help, wound care and health status monitoring.
Financial Assistance for 24-Hour Care
Many older adults are unable to afford the cost of 24-hour caregiver services without some level of financial assistance. Luckily, there are several state and federal programs available across the U.S. for those who qualify. These include:
- Veterans' Aid and Attendance or Housebound Allowance benefits
- Medicaid benefits (varies by state)
- Program for All-Inclusive Care for the Elderly (PACE)
- Private long-term care insurance
Individuals who don't qualify for the above benefits but are still unable to afford the cost of 24-hour caregiving services may be able to find additional assistance or benefits programs by speaking to their local Area Agency on Aging.