cost of full time in home nursing care
That can be an 8 hour shift as well. That can cost $150 to $240 to hire someone for that shift. For a full year with 250 work days, it will cost roughly $40,000 to hire in-home senior care. It would cost $75,000 to $80,000 to put that person in a nursing home with medical staff. Most elderly people donât need or want the full time care provided by a nursing home! Most people that need to be in a nursing home are people that need constant medical attention or are severely disabled.
Studies estimate that 2 out of 3 informal caregivers are women, many of whom are middle-aged mothers with children or adult children living in their households. The cost of putting a parent into professional assisted-living care can be daunting. MetLife says that kind of care averages about $42,000 a year. A private room in a nursing home averages more than $87,000. But the cost of keeping a relative at home can be very high too. The MetLife report said that for the typical woman, the lost wages due to dropping out of the labor force because of adult caregiving responsibilities averages nearly $143,000.