Cost of Senior Care in Virginia

Written by Julia on October 14, 2015

Most people will need some form of assistance as they age. In Virginia, there are 8,185,131 residents, with 1,061,048 of those people over the age of 65, representing 13% of the population. Most of these seniors are currently in the market for care assistance to address their changing needs.

While there are many options for care, care is expensive. People primarily 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, here is a comprehensive breakdown of the primary elder care options available in Virginia: Home Care, Adult Day Care, Assisted Living, and Skilled Nursing.

Home Care

In Virginia, 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 most personal care 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 Virginia ranges from $14-28. The median hourly cost of home care in Virginia is less than the national average of $20. The annual cost is $43,472, for 44 hours of care per week for 52 weeks, though many people use home care only part-time.

Adult Day Care

Usually, adult day care is used to provide a break for family caregivers. Adults who need assistance or supervision during the day, but not around-the-clock, can receive care through a community-based center.

The daily cost of adult day care in Virginia ranges from $48-107. The median daily cost in Virginia 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 those 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 Virginia ranges from $1,200-10,350. The median monthly cost of assisted living in Virginia is greater than the national average of $3600. For one bedroom in an assisted living facility, the annual cost is $47,196.

Skilled Nursing

Skilled nursing, or nursing homes, provides high-level 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 Virginia ranges from $175-765.The median daily cost of skilled nursing in Virginia is greater than the national average of $250. The annual cost is $92,688.

Conclusion

The most cost effective way to pay for care is to plan for care. 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.