Posted on Monday, October 22, 2018 12:43 PM
The cost of in-home care is on the rise due to increases in minimum wage, a shortage of skilled workers, confusing regulations and an increase in Alzheimer’s diagnoses.
Genworth Financial recently released its most recent Cost of Care Survey, it reports that between 2017 and 2018 the cost of a home health aide increased 2.33% and homemaker services saw an increase of 0.24%.
“As the costs of labor and facilities rise, finding affordable care options becomes much harder for caregivers and families nationwide,” Jennifer Johnson, clinical director of CareScout, the organization that conducts the Cost of Care Survey, said in a statement. “Most people prefer to receive care in their homes, which poses the unique challenge of finding enough caregivers to meet those needs.”
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