People across the country are becoming older. In fact, today, approximately 18.5% of the entire population of the U.S. is over the age of 60. This is compared to just 16.3% 10 years ago, which represents a steady upward trend. By the year 2020, it is estimated that this percentage will reach 22.2% and by 2050, 25% of the population across the nation will be over 60 years old.
As seen by the stats, there is no question that Buffalo is an older city. This means that more and more people are going to need some level of care, including in-home care, sometime in the future. Understanding in-home care, the costs, and services offered can help you determine if this is the right option for you or a senior loved one.
Buffalo has a population of 258,703 with 11.4 percent of these people being over the age of 65.
Buffalo, New York is the third oldest city in the United States.
While the number of seniors in the Buffalo community is increasing steadily, the total population has fallen by 10% since the year 2000.
If a senior just needs assistance with activities of daily life such as getting dressed, running errands and cooking, then hiring a homemaker is likely the ideal option.
On average, a senior and their family can expect to pay between $17 and $27 per hour for these services. Annually, this will cost approximately $48,620.
If a senior requires services that are related to a disease, medical condition or some other type of medical care, then they should consider hiring a home care aide.
The costs for these services in Buffalo are slightly higher than a homemaker and usually fall between the range of $20 and $28 per hour. Annually, a family can expect to pay $52,624 for these skilled nursing services.
The amount of care a person needs will be based on their individual needs and what they are still capable of doing on their own. There are some seniors who will only need assistance with day-to-day activities while others will need someone with them around the clock. Evaluating the needs of the senior will help their family determine the level of care needed.
It is important for a senior to consider the care service options carefully to find the services that best suit their needs. Some factors to consider include:
What level of care and support is provided?
Does the service offer the option for additional help or support in the future?
What is included in the base cost of the in-home care provider?
Getting to know a bit about the service being considered can be quite beneficial and help a senior with the decision-making process.
While in-home care is one of the most affordable options in regard to monthly expenses, they are still quite costly, which causes many families to experience financial strain. A family can expect to pay anywhere from $1500 to $5000 per month, based on the service selected.
If a family finds that the costs are too high, they should use one of the methods of assistance to pay for this that are highlighted here.
In some cases, a senior in Buffalo will be able to qualify for Medicaid assistance. While in-home care is not always covered by Medicaid, there are often waivers that can be used to help offset some of the associated costs.
Veterans, and their spouses can benefit from funds and assistance from the Department of Veterans Affairs. The eligibility for this vary, but the benefits that are provided can be quite significant. It is a good idea to speak with a professional to determine a person’s qualification.
If a senior has long-term care insurance, then the coverage can be used to pay for the in-home care services that have been chosen. It is important to purchase this policy long before it is actually going to be needed in order to be able to use it for care.
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