Financial Benefits of Home Care

As the American population gradually ages, more and more people will require assistance to carry out day-to-day activities. In fact, in the next four decades, the overall number of people 65 and older is projected to double from just over 40 million currently to more than 88 million. With the help of reputable companies like Progressive Home Care, the new population of senior citizens can remain in their homes longer maintaining their independence and saving on the high costs of health care.

When examining the costs of long term care, moving into a nursing home can cost roughly $75,000 per year. Those that choose to reside in an assisted living facility can expect to pay just under $40,000 annually. Compare that to hiring a home-health aide at the rate of $20 an hour, which comes to about $31,000 per year, if the aid is brought in five days a week for six hours per day. This is just one example of how much families can save with the home care option.

If you would like to learn more about the financial benefits of home care, please see the link below to the Joint Commissions’ informational brochure,” Home- The Best Place for Health Care”.

 http://www.jointcommission.org/assets/1/18/Home_Care_position_paper_4_5_11.pdf

If you are considering Home Health Care for yourself or a loved one and would like to discuss your option, contact us at Progressive Home Health Services, Inc. at 212-273-5500 or visit us at www.phhs.com.