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How Much Does Albuquerque In-Home Care Cost?

The current population of Albuquerque is 907,679 and of this total, 14.3% are over the age of 65. From the period of 2010 to 2013 alone, the number of people over the age of 65 increased by 12%, which shows faster growth than the national average of 10%. With this steady increase, more and more people are going to need quality in-home care at some point in the near future. Learning more about the local options is the best way to find the one that is right for you.

Facts about in-home care in Albuquerque

22% of the population of New Mexico is over the age of 60, 10% is over the age of 70, and 4% is over the age of 80.

The number of people in New Mexico over the age of 60 is going up while the number of people under the age of 60 is going down. By 2030, it is estimated that more than 30% of the state’s population will be over the age of 60, which represents an increase of approximately 50% since 2012.

By 2030, it is also estimated that New Mexico will move up to number 4 in the nation (from 39th) in regard to the people over the age of 65.

Homemaker costs in Albuquerque

Homemakers offer a number of services to seniors who are no longer able to live independently. They provide companionship, help with day-to-day tasks such as cooking, running errands and cleaning and even help with grooming, hygiene and using the bathroom.

In Albuquerque, the average cost of hiring a homemaker ranges between $11 and $23 per hour. On average, this equates to $47,934 annually. This is slightly higher than the national average of $44,616.

Home aide costs in Albuquerque

Home health aides provide all the services that homemakers do, along with medically related care. This includes dressing wounds and surgical incisions, the acquisition of mobility equipment, and dispersion of medication.

While there are some parts of the country where a home health aide costs more than a homemaker, due to their extensive skills and experience, Albuquerque is not one of these locations. Per hour they earn between $11 and $26 and a family can expect to pay around $48,414 annually.

What level of care does a senior need?

It is essential to take some time to determine how much care a senior needs. This will help them determine if the services of a homemaker or a home health are needed. In some cases, hiring a professional senior advisor can be beneficial. They can help to evaluate the needs of the senior and recommend the level of care that will best suit this need.

What to look for in regard to in-home care?

When the search beings for a quality in-home care provider, there are likely quite a few questions that seniors and their families will have. Finding the right service can take quite a bit of time and effort. One of the first things to do when looking for the right provider is to ask around. In addition to asking family members and friends, seniors can ask their doctor or another healthcare provider. They may be able to make a recommendation for agencies to check out.

It is a good idea to contact any provider and ask for an interview prior to making a decision. This will help ensure that a first-hand decision is able to be made.

Paying for in-home care

One of the biggest challenges many seniors and their families face when it comes to in-home care is paying for the services. For some, it creates a serious financial burden. However, there are a number of options to consider to effectively pay for the care that is needed.

One option is a reverse mortgage. This is only available to seniors who have reached a certain age. In this case, the lender on their home loan will begin paying the senior the equity in their home. This is offered as a monthly payment, or as a lump sum. For seniors who may not be ready to sell their home, this is a great option, but be sure to consult with a financial advisor about this plan.

There are state-based options, including Veteran’s Pensions that can be used to pay for the care as well as Medicaid. In some cases, these resources do not cover the entire cost of the long-term care that is needed. This still leaves the senior out of money and with no way to pay for the care they need. Taking time to explore the options will help seniors and their family find the financial help they need for the care they want.

Learn more about Caregiving in Albuquerque, NM here:

Albuquerque In-Home Care

Albuquerque Aging-in-Place

Albuquerque Respite Care and Adult Day Care

Albuquerque Support Groups for Caregivers

Find assisted living in Albuquerque near you.