Deciding when to move from one’s own home into a community living arrangement can be difficult. For most people, cost is a factor in choosing a retirement community. In fact, the cost of elder care is significant, which is why it is important to make sure that you gather as much information as possible about the pros and cons of the various elder care options.
Choosing the Right Care
When an elderly loved one shows signs of needing help, the first option many people think of is in-home care. And, in-home care might be the best choice if your loved one needs minimal assistance and is still fully engaged in his or her neighborhood. However, if mobility, isolation or safety are among your concerns, assisted living might be the better option, not only from a financial perspective, but for a better quality of life.
Cost of Assisted Living
The cost of assisted living varies according to individual needs, but assisted living communities such as Daystar Retirement Village typically charge a monthly fee that is inclusive of most or all meals, housekeeping services, laundry and some utilities. If residents need additional assistance such as monitoring medications or showering, those services can be added. Check out this video for more information about amenities offered at Daystar.
Cost of In-home Care
Scheduling in-home care might seem to be the most cost-effective arrangement, but it all depends on how much in-home care is needed. In Washington state, the average cost of in-home care is between $18 and $22 per hour. If you need in-home care for four hours each day, Monday through Friday, that works out to $440 a week or about $1,800 per month. If isolation is a problem, or if your loved one needs help with meals or other daily activities, the hours of in-home care—and the costs—can quickly climb to twice that amount.
Cost Comparison Calculator
To get a more accurate estimate of the cost of care that you actually need, download the Cost Comparison Calculator. If a loved one truly needs 24-hour care, the worksheet can help you determine what level of care, supervision or monitoring is required at what times, and approximately how much it will cost. While simple supervision costs less than personal care which costs less than nursing care, the logistics of hiring different people to provide different levels of care can be time-consuming and complicated. At an assisted living facility such as Daystar, your loved one has a multitude of activities, programs and outings to choose from every week and peers to share them with—along with customized plans of care based on his or her needs.