Although costs vary by location, the current average hourly rate for a home health aide is $20.50, which is about a 2.5% increase from 2009, according to a preliminary report from the American Association for Long-Term Care Insurance.
Costs seen rising for home-care services
About 7.5 million individuals received extended periods of care at home because of acute illness, permanent disability or long-term health conditions, and about 42% of individuals who currently receive long-term-care insurance benefits get that care in the home. One year of home-care costs can exceed $35,000, according to the findings. The country's annual cost for home healthcare is projected to exceed $59 billion in 2010.
The report also cited a statistic from the National Association of Home Care & Hospice that showed Medicare—the largest single payer for home health services for seniors—accounts for about 37% of home health expenditures. “However, long-term-care needs are typically limited or not covered by government or state programs,” Jesse Slome, executive director of the American Association for Long-Term Care Insurance, said in a statement. “As a result, over 8 million Americans have purchased long-term-care insurance protection on an individual basis or through their employer.”
The group's complete findings will be released in a full report in late April.
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