Senior Housing Will Be Too Pricey for 54% of Mid-Income Older Adults by 2029

By 2029, nearly 8 million middle-income older Americans won’t be able to afford senior housing at today’s average market rates, new research shows. While the statistics have negative implications for the senior housing industry, they create opportunities for home-based care providers, whose services are often the least expensive option for seniors. The findings come from […]

Senior Helpers’ Town Square Model Gaining Steam as Investors Eye Adult Day Care

Home-based care is often lauded for allowing seniors to age in place while saving the health care system thousands of dollars by decreasing hospital admissions. But with costs that don’t always come cheap to clients and nationwide caregiver shortages, home-based care isn’t without challenges. An increasingly popular way to address them is with adult day […]

Cost of In-Home Care Rose From Caregiver Shortage

Home-based services are increasingly getting more expensive thanks in part to ongoing labor woes, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median cost of home health aide services shot up 6.17% to $21.50 per hour, or $4,099 per month, from 2016 to 2017—the most pronounced increase among other care […]

Priciest Home Health Markets in the United States

Depending on where you live in the United States, you could wind up paying significantly more or drastically less for home health care. Now, there’s data that indicates just how much more someone in North Dakota and other expensive markets can expect to pay on an annual basis, compared with someone in Louisiana, or another […]

Editor’s Picks: Seniors Take Driverless Car for a Spin

This week, Home Health Care News readers heard why Kindred Healthcare isn’t satisfied being the largest home health provider in the country, how San Francisco-based Honor plans to tackle the Los Angeles market and where in the United States home care rates are rising most sharply. Here in the newsroom, we enjoyed 10 California seniors’ […]

Where Home Care Rates Are Rising Most Sharply

As the home care industry is faced with increased labor costs and other challenges, rates are increasing faster than they are for other types of senior care services—and many potential home care clients could be in for some serious sticker shock. Help with household tasks such as cooking and cleaning became 2.56% costlier over the […]

WSJ: Why Aging in Place Isn’t All It’s Cracked Up to Be

Aging in place is proving difficult in areas where the population is getting older, houses are in disrepair, supportive services are scarce and younger people who can help have moved away, according to a recent article published in The Wall Street Journal. The article discusses how the northeastern United States — which has the oldest median age […]