Cost of Senior Care in New Hampshire

Written by Julia on September 27, 2015

Most people will need some form of assistance as they age. In New Hampshire, there are 1,321,069 residents, with 193,884 of those residents over the age of 65, representing 15% of the population. The majority of these seniors are currently in the market for care assistance to address their changing needs.

While several options for care exist, care can be expensive. For the most part, people pay for care with their own personal or family funds. Long term care insurance or long term care protection combined with life insurance and annuities are another way to help pay for care. Medicare and Medicaid may contribute towards some long term care expenses, but are limited in coverage and by asset requirements.

Expenses are based on the type of care option received. Using 2015 Cost of Care data from Genworth, we will explore the primary elder care options available in New Hampshire: Home Care, Adult Day Care, Assisted Living, and Skilled Nursing.

Home Care

In New Hampshire, home care is the most popular option. Home care agencies are not Medicare-certified because they do not offer medical services. Rather, home care typically involves an aid who can help at home with a variety of activities of daily living (ADLs) and homemaker tasks. Activities of daily living include bathing, dressing, transferring, and toileting. Homemaker services include shopping, meal preparation, errands, and transportation in addition to general companionship.

Home care is available for a few hours a day, or 24/7. The hourly cost of home care in New Hampshire ranges from $21-29. The median hourly cost of home care in New Hampshire is greater than the national average of $20. The annual cost is $54,912, for 44 hours of care per week for 52 weeks, though many people use home care only part-time.

Adult Day Care

Adult day care is usually used to provide a break for family caregivers. It is given through a community-based center for adults who need assistance or supervision during the day, but not around-the-clock care.

The daily cost of adult day care in New Hampshire ranges from $51-73. The median daily cost in New Hampshire is less than the national average of $69. The annual cost is $16,900, for 5 days per week for 52 weeks.

Assisted Living

Assisted-living is also community-based. Facilities provide personal care and health services to people who may need assistance with activities of daily living. The care provided is not as extensive as that of nursing homes.

The monthly cost of assisted living in New Hampshire ranges from $2,750-8,975. The median monthly cost of assisted living in New Hampshire is greater than the national average of $3600. For one bedroom in an assisted living facility, the annual cost is $61,230.

Skilled Nursing

Skilled nursing, or nursing homes, provides a high level of care for people who need close 24-hour supervision. They offer on-site nursing care, medication, rehabilitation, personal care assistance, and room and board.

For private rooms, the daily cost of skilled nursing in New Hampshire range from $275-514.The median daily cost of skilled nursing in New Hampshire is greater than the national average of $250. The annual cost is $122,275.

Conclusion

Do not let the cost of aging sneak up on you and your loved ones. Having a conversation with the entire family about care needs and figuring out how to pay for care have never been more important. Planning today will enable your loved one to age well and comfortably without added worry.