Dangers of Assuming Medicare Covers Everything – Elderly Home Health Care Vs Assisted Living Costs

Elderly home care is and will continue to be much more cost effective now and in the future. When considering the cost of elder home care versus assisted living costs, there are many factors to take into consideration. One consideration is to understand the trends of the health care industry, so that you can financially plan for your future. Many believe that Medicare will cover everything they need as they age. Although many realize that they need to financially prepare for the future, most do not investigate the cost and options of future care needs. Many do not feel that they can afford to invest in long term care insurance.

In 2008, Prudential Insurance did a study on long term care. The results, which will be followed up every year, had some alarming information regarding the costs that will pay for care and services as we age. The information from this and other studies is important to assure successful planning for our future care needs.

It was noted that elderly assisted living homes have seen the largest increase in costs over a 2 year period. The average daily cost of living in an elderly assisted living facility increased to almost $39,000 per year. This is an average rate of just over $100 per day.

There was an astonishing average increase of a 15% in rates for the elderly assisted living facilities that provide care for dementia and Alzheimer’s patients.

Elderly home health care has had the smallest rate increase of all the providers. The rate of elderly home health care has had a 5% increase over the past two years and a 17% increase over the last 7 years.

The costs to have a certified nursing assistant provide elder home care averages $21 per hour. A certified nursing assistant provides services such as: bathing and dressing. The services of elder home care are ordered by a physician and usually paid for by insurance. These services provided by elderly home health care are intermittent and are offered for a short period of time.

Another study, also done in 2008 was preformed by the Genworth Financial Group. This study explored the cost of care that covers the non skilled side of elder home care. This is the largest growing portion of the elder home health care services. This growth, is due in part to many aging seniors desire to remain in their homes as long as possible.

The average cost for homemaker services in the elder home care sector is $18 an hour. There has been a rate increase of 4% over the past year. A homemaker provides some housekeeping duties, companionship, and assistance with cooking, if needed. They may also run short errands when required.

Elderly home care also provides home health aides. They provide basic assistance with bathing and dressing. A home health aide averages a rate $19 an hour. This shows an increase of 3% in just one year.

Met Life Market surveyed adult day services in 2008. The results from this survey show the average daily cost for adult day care services is $64. This shows an increase of 5% in the past year.

Adult day care services are a growing trend in the aging health care market. Adult day care is a cost effective way keep an aging senior at home

For caregivers, utilizing adult day care services permits them to continue to work. Many caregivers take time to do things to they need to take care of and get a break from their care giving duties.

The costs of elder home care services will continue to rise. Surveys show that the trends will continue. The largest increases will be in the assisted living and nursing home areas of elderly home health care services.

The past five years has seen an increase in elderly assisted living rates jump by 41%. Over the past five years, there has been an increase in nursing homes rates of over 30%. Over half the surveyed facilities expect to increase their rates, again, over the next year. The good news is that one in four elder home care providers plan to increase their rates in the next year.

Being aware of the cost of elderly home care and elderly assisted living can assist you in planning for your future needs. Educate yourself on the various options available and how you can utilize those services for future needs. It is important to be proactive and investigate avenues to pay for your future health care needs.

Diane Carbo Registered Nurse has more than thirty five years in the nursing field. Her

Home Health Care Certification

What exactly is home health care and how do you enter this booming market? As indicated by its name, home health care is simply health care provided for those that require assistance in their home. It shouldn’t be confuse from basic home care, which does not account for the trained medical care that is provided.

In most cases, simple home care involves meeting the day to day needs of your loved one, like shopping, cleaning and errand running, and is mostly provided by friends or family. On occasion a companion is hired to perform these tasks. In contrast, home health care is usually provided by a trained professional. This may be a nurse, a therapist, or a home health aide.

To become a home health care professional, you will be required to receive some type of training. The training focus will usually center on home safety in regards to the patient. You will also receive training on how to deliver professional personal care, and how to properly use the equipment needed to assist those requiring home health care services.

The training required for the various positions can vary from on the job training to more advanced training that requires certification or a degree. The largest organization that offers training for home health care certification is the National Association for Home Care and Hospice. They offer various certification programs.

If you are in a current management position, you may want to become certified as a Home Care and Hospice Executive. If you want to receive a certification in the hands on training area, you can apply for the Home Care Aide National Certification program. No matter which certification you seek, you will need to re-certify every four years.

For the home care aides, the certification process will involve three elements that you must pass. You must pass the Training portion, the Skills Demonstration, and the Written Examination. The training portion requires a curriculum of 75 hours. This training will give you the medical skills to become fully certified.

The Skills Demonstration portion involves demonstrating competency in seventeen various skills. Demonstration of this competency comes from observation and documentation. The Written Examination is administered by the Home Care University. Obtaining your certification will ensure patients and clients that you are providing them with a higher standard of home care aide.