Costs for senior care continue to rise. Increasingly, reports from both independent living and assisted living facilities indicate the cost of resident and or elderly care is on the rise.

Research indicates average cost increases are 2.7% year over year. Extrapolated over a ten year period, this equates to more than a 25% increase over the next decade.

There are multiple reasons for an uptick in costs. 1) Seniors are simply living longer, and old age requires additional services and care. 2) Seniors are waiting longer to transition and move, which means they are older upon arrival to a senior living complex. Delaying the transition increases the chances that there will be an acute need for care. And, 3) Staffing levels at both independent and assisted living facilities are being expanded to accommodate demand (to provide care assistance to residents), and therefore costs are being pushed onto these elderly consumers.

In this current ten year period (2016 – 2026), it is expected that there will be approximately 1.6 billion over the age of 65 years. For those (many!) attempting to live their retirement years on limited or fixed income, the costs of communal/residential living will not be reachable.

Assisted living and other similar options are simply cost-prohibitive to many elders. In response, a growing number of seniors are building care options at home. They prefer to remain at home, and “age in place.”

Many aging parents only require a few hours of support and assistance per day. In-home care services are able to address this need with a care plan fitted to the individual(s). If more care services are needed, you ramp up.

It is clear that in-home care provides the most flexibility and cost efficiency for growing numbers of seniors across the U.S.

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– John D. Miller is the founder/owner of Home Care Partners, LLC, a Massachusetts business providing private duty, personalized in-home assistance and companion care services to those needing help in daily activities and household functions. He can be reached at: (781) 378-2164; email: jdmiller@homecarepartners.biz ; or online at: www.homecarepartnersma.com

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