Cost of Senior Care in Vermont

Written by Julia on October 13, 2015

Most people will need some form of assistance as they age. In Vermont, there are 626,358 residents, with 98,478 of those residents over the age of 65, representing 16% of the population. Most 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. People primarily pay for care with their own private 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, here is a comprehensive breakdown of the primary elder care options available in Vermont: Home Care, Adult Day Care, Assisted Living, and Skilled Nursing.

Home Care

In Vermont, home care is the most popular option. Home care agencies are not Medicare-certified because they do not offer skilled nursing services. Rather, home care typically involves an aid who can help at home with many activities of daily living (ADLs) and homemaker tasks. Personal care tasks include bathing, dressing, transferring, and toileting. Homemaker services include meal preparation, shopping, 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 Vermont ranges from $11-28. The median hourly cost of home care in Vermont is greater than the national average of $20. The annual cost is $50,336, 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 generally 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 Vermont ranges from $120-150. The median daily cost in Vermont is greater than the national average of $69. The annual cost is $32,136, 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 Vermont ranges from $1,266-6,050. The median monthly cost of assisted living in Vermont is greater than the national average of $3600. For one bedroom in an assisted living facility, the annual cost is $48,240.

Skilled Nursing

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

For private rooms, the daily cost of skilled nursing in Vermont ranges from $260-500.The median daily cost of skilled nursing in Vermont is greater than the national average of $250. The annual cost is $105,120.

Conclusion

The most cost effective way to pay for care is to plan for care. Spearhead the conversation with the entire family today to assess the care needs of your loved one and figure out how to pay for care. Planning today will ensure your loved ones comfort and wellbeing as they grow older without the added worry of uncertainty.