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Elder Care Costs
Managing the health and housing of the elderly is costly in modern living conditions. To avoid paying irrelevant taxes, financial planning is necessary to control the costs of care for the elderly. Long-term insurance policies can help you manage the costs to a great extent.
Today, assisted living cost varies between $ 1,000 and $ 5,000 a month. The cost of living can be covered by some long-term care insurance policies. The rent for an independent home and retirement home varies depending on the quality and services provided. Rent of nursing homes and retirement homes varies between $ 800 and $ 1,500 per month. The costs of long-term care in a nursing home range from $ 3,000 to $ 6,500 or more per month. Elders who need help with their daily activities choose in-home elder care service. Home care costs range from $ 50 to $ 85 per visit. If medicines and other services are also provided during home care, the average rate is about $ 90 per visit. An average of $ 100 is paid for a 24-hour home care service.
The cost of senior care at home ranges from $ 10 to $ 50 a day. The senior care manages charges between $ 40 and $ 100 an hour and stay home for your care. The cost of elder care for the emergency response service ranges from $ 35 to $ 50 per month. The cost of reminder services for medication is about $ 20 per month. The cost of each food delivery also varies from $ 2 to $ 5. Wheelchairs are expensive, and the cost of round-trip services ranges from $ 50 to $ 100. Medicaid, Medicare, managed care insurances, supplementary insurance, and long-term care insurance are among the financial alternatives to the care of the elderly.
